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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Nigeria
Herbert Wigwe Helicopter Crash: Nigerian Newspapers Searching for answers As Social Media Speculates
In a distressing incident, a helicopter carrying Herbert Wigwe, the group Managing Director of Access Bank Corporation, and others has crashed in California.
The search is ongoing for the six individuals on board, including Herbert's wife and a friend, Bimbo Ogunbadejo, former president of the...
Access Holdings Plc's Group CEO, Herbert Wigwe, his wife, son, and Nigerian Exchange Group Plc's Chairman, Abimbola Ogunbanjo, were involved in a tragic helicopter crash near the Nevada border in California.
The incident, which occurred on Friday, resulted in the loss of all six passengers on...
Nigeria
CBN's Currency Policy Update Sparks Controversy: Nigerians React to Shift from Dollar to Naira in International Transfers
Nigerians are experiencing a financial paradigm shift as banks roll out the full implementation of the Central Bank of Nigeria's (CBN) revised guidelines on international money transfers.
The new guidelines, issued on January 31, 2024, bring an end to the era of receiving dollars from family...
In response to the Central Bank of Nigeria's recent directive limiting International Money Transfer Operators (IMTOs) to inbound transfers only, IMTOs have ceased dollar transfers to Nigerians, now opting to pay in naira.
The CBN's move, aimed at liberalizing the foreign exchange market and...
Nigeria
Port Harcourt Refinery Prepares for Operations with 475,600 Barrels of Oil Arrival From Shell
The Port Harcourt Refinery is poised to resume operations with the delivery of 475,000 barrels of crude oil from Shell Petroleum Development Company Limited.
This achievement, attributed to collaborative efforts between the Bonny Oil and Gas Terminal (BOGT) and Port Harcourt Refinery Company...
Nigeria
Ways and Means Freeze: CBN Takes Drastic Measures, No Loans to Federal Government Without Debt Settlement, Says Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria, revealed a significant change in the bank's policy on lending to the Federal Government. During discussions with the Senate Committee on Banking, Insurance, and Other Financial Institutions, Cardoso stated that the Central Bank will no...
South Africa's Multichoice Africa Holdings B.V, the parent company of popular cable television brands DSTV and GOTV, has announced that its Nigerian subsidiary has reached a tax settlement with the Federal Inland Revenue Service (FIRS). The settlement requires Multichoice Nigeria to pay a...
Flutterwave, Africa's leading fintech startup, is set to contact over 6,000 account holders across 35 banks to recover ₦19 billion (*$24 million) following a High Court ruling on February 1.
The Mareva injunction empowers Flutterwave to reclaim funds illegally transferred by POS merchants in...
Ongoing regulatory approval challenges have hindered the Dangote Petrochemical Refinery's plan to introduce aviation fuel (Jet A1) and diesel to the Nigerian market by the end of January, according to recent findings by The PUNCH.
Despite commencing petroleum product production in early...
The Nigerian naira witnessed a 3.45 percent depreciation on Wednesday, plummeting to N1,500 against the dollar in the parallel market. This marks a decline from the N1,450 recorded just two days prior, leaving currency traders, also known as Bureau De Change operators, with a narrow profit...
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