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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Nigeria
Central Bank's $500 Million Boost Fails to Halt Naira's Dive, Reaches Record Low of N1,348.63/$1
Naira plummeted to a record low of N1,348.63 against the US Dollar on Monday, signaling a 33.87% decline from the previous Friday's closing rate of N891.90. This unprecedented depreciation, witnessed at the official NAFEM market, reflects the severity of the current economic challenges facing...
Nigeria
Nigerians Confused by Dangote Refinery's Decision to Import Crude Oil From the United States
Dangote Refinery is set to import crude oil from the United States, a groundbreaking departure from its traditional reliance on Nigerian feedstock. According to reports from Bloomberg, traders familiar with the matter revealed that Trafigura Group has secured a deal to supply 2 million barrels...
Nigeria
Aliko Dangote and Femi Otedola Engage in Witty Banter Over Corporate Takeover Drama at Dangote Cement
At the Dangote Cement customers appreciation event in Lagos, Aliko Dangote, the President/Chief Executive of Dangote Industries Limited, extended a warm welcome to his billionaire friend, Femi Otedola, expressing openness to Otedola's potential corporate takeover of Dangote Cement.
During the...
Today at the Muhammadu Buhari Civic Centre, Alhaji Ahmed Usman Ododo was sworn in as the 5th Executive Governor of Kogi State, marking the dawn of a new era in the state's political landscape.
The inauguration, presided over by Kogi State Chief Judge, Justice Josiah Mejabi, witnessed a...
The Poultry Association of Nigeria (PAN) reports that more than half of the country's poultry farms closed their doors in 2023, signaling a crisis in the sector. Mr. Mojeed Iyiola, Chairman of the PAN Lagos State chapter, voiced the distressing situation during an interview with the News Agency...
Microsoft has revealed plans to lay off 1,900 employees at Activision Blizzard and Xbox. This move, constituting approximately 8% of the Microsoft Gaming division, comes just three months after the completion of Microsoft's $68.7 billion acquisition of Activision Blizzard.
The internal memo...
The Nigerian Naira has hit a record low of N1,410 against the US Dollar on the black market, reflecting a 3.29% drop from the previous day's closing rate. The sudden depreciation is attributed to increased demand for dollars, notably from businesses restocking, individuals pursuing overseas...
The Bureau of Public Enterprises (BPE), acting on behalf of the Federal Government, is in the process of selling five power plants under the National Integrated Power Projects (NIPPs) at an estimated cost of $1.15 billion. While sources suggest an international benchmark valuation exceeding $5...
Nigeria
Dangote Petroleum Refinery Partners with Key Industry Associations for Enhanced Product Distribution in Nigeria
Dangote Petroleum Refinery has registered key associations, MOMAN, IPMAN, and DAPPMAN, constituting 75% of Nigeria's total market share. This move is a strategic step, aligning with the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers...
Nigeria
Forbes 2024: Africa's Richest Stage Comeback, Reach $82.4 Billion - Notable Gains, Challenges, and Shifts Unveiled
The fortunes of Africa's wealthiest have experienced a modest rebound in the past 12 months, overcoming a previous decline, as revealed by the 2024 Forbes list of Africa's Richest. The net worth of the top 20 billionaires now stands at a combined $82.4 billion, indicating a $900 million increase...
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