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Article 'IMF Report: Nigeria's Economic Reforms Under Tinubu Falling Short of Expectations'- Nigeria News
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Article 'Dangote Refinery Eyes 650,000 Barrels Per Day with Billions in Funding'- Nigeria News
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Article 'FCTA Employees to Receive N70,000 Minimum Wage Starting November 2024'- Nigeria News
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![Today's Naira Rate[16-11-2024]: Nigerian Naira Faces Steep Decline, Parallel Market Hits N1,750/$](/data/attachments/210/210283-5e995ef978efd380c57591c54b3dddf2.jpg?hash=FHqxQvjPSE)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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An exclusive report reveals insights into the Central Bank of Nigeria's (CBN) N10.3 trillion Intervention Funds Programme, shedding light on the complexities and challenges faced. With a repayment rate of 75.8%, the program has garnered attention, especially as N193 billion in loans has been...
The Naira has been listed among the 15 worst-performing currencies against the US Dollar, according to Statisense by References1. The report, dated March 18, 2024, highlights the year-on-year loss against the USD for various currencies. Lebanon tops the list with a staggering -497%, followed by...
Due to Nigeria's prolonged economic challenges, the Naira has faced significant pressure, stirring concerns and debates among investors, policymakers, and the general public. Amid this backdrop of uncertainty, Goldman Sachs's upbeat prediction for the Naira in 2024 comes as a beacon of optimism...
Nigeria
Nigerians in Shock Over Social Media Rumor of VAT Increase from 7.5% to 15%; Government Yet to Confirm
Nigerians have been thrown into disarray following unverified reports circulating on social media suggesting that Tinubu's government intends to double the Value-Added Tax (VAT) rate from 7.5% to 15%. While no official confirmation has been issued by the government yet, reactions from citizens...
Nigeria
N12.7 Billion Smart Meter Allocation Sparks Online Debate: Nigerians Question Government Spending
The Federal Government's push for improved energy infrastructure within military barracks has taken a significant leap forward as Minister of Power, Adebayo Adelabu, announced the release of N12.7 billion towards the provision of smart meters. This announcement comes as part of a broader...
Amidst speculation and internal turmoil at the Central Bank of Nigeria (CBN), reports indicate that at least eight directors are facing early retirement.
These directors, previously redeployed to FSS 2020, are now being asked to exit the CBN, sparking concerns and confusion among staff. While...
Nigeria
Federal High Court Orders Binance to Disclose Nigerian Users' Information Amid Money Laundering Probe
The Federal High Court in Abuja has granted an interim order requiring Binance Holdings Limited to furnish the Economic and Financial Crimes Commission (EFCC) with detailed information on Nigerian users trading on its platform. Justice Emeka Nwite issued the order following an ex parte motion...
Nigeria
NNPC: Port Harcourt Refinery to Resume Operations After Mechanical Works, Receives 450,000 Barrels of Crude
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has announced that the Port Harcourt refinery will recommence operations within the next two weeks. Kyari made this declaration during a press briefing following his appearance before a...
Since Friday, Nigeria has been grappling with major disruptions across critical sectors following the severing of undersea cables, impacting broadband internet connectivity to Nigeria and neighboring West African countries. The incident, stemming from a fault in the MainOne submarine cable...
Nigeria
Nigerians Disagree with Air Peace CEO Onyema's Remarks, Shift Blame to Tinubu for Appointing Alleged Incompetent Officials
In an exclusive interview with Vanguard, Allen Onyema, Chief Executive Officer of Air Peace, voiced his belief that President Bola Tinubu is not the root cause of Nigeria's problems, but rather his appointees. Onyema underscored Tinubu's good intentions for the country, emphasizing that the...
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