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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The Nigerian Communications Commission (NCC) has reiterated its directive for telecom operators to disconnect subscribers not linked to their National Identification Numbers (NIN) by February 28, 2024.
Dr. Aminu Maida, the Executive Vice Chairman of NCC, emphasized the critical national...
In the wake of the Binance scandal, where serious allegations have been raised against the cryptocurrency platform APC supporter on Twitter, Opeoluwa, shares some critical concerns surrounding the issue.
With Speculations on X app by Ope, Who, it must be said, is a government supporter, has...
The Nigerian Naira continues its upward trend in the parallel foreign exchange (FX) market, reaching N1,500/$ on Wednesday.
This remarkable 9.09% gain from the N1,650/$ recorded just two days earlier has caught the attention of currency traders, with bureau de change (BDC) operators quoting...
Nigeria
Nigerians Celebrate as Air Peace Stuns with Massive London Fare Reductions - Economy Now ₦1.2M
Nigeria's largest carrier, Air Peace, has ignited intense competition on the Lagos-London route by significantly reducing its economy class ticket to an unprecedented ₦1.2 million. This move, which represents a remarkable 66% reduction in fares, positions Air Peace as a formidable contender...
Nestle Nigeria Plc has encountered a significant financial setback, reporting a loss before tax of N104 billion for the fiscal year 2023, a stark contrast to the N71 billion profit recorded during the same period in 2022. The company's 2023 financial statement, disclosed on the NGX on February...
President Bola Tinubu took a significant stride on Tuesday by launching the Expatriate Employment Levy, a groundbreaking initiative introduced by the Federal Ministry of Interior. The ceremony, held at the State House Council Chambers in Abuja, marked the commencement of a Public-Private...
Nigeria
Naira Crisis: Nigerian Government Continues 'Stick and Carrot' Approach as CBN Releases $20,000 to Each BDC to Stabilize Currency
The Central Bank of Nigeria (CBN) is taking proactive measures to rectify distortions in the country's foreign exchange market, particularly in the retail segment. In a recent circular by Dr. Hassan Mahmud, the Director of the Trade & Exchange Department, the CBN announced its decision to...
In the midst of Nigeria's economic challenges, Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), addressed concerns during the first Monetary Policy Committee (MPC) meeting since assuming office in September 2023. Denying responsibility for the current economic situation, Cardoso...
Nigeria
CBN Implements Drastic Measures: Interest Rates Skyrocket to 22.75% in Bid to Tackle Inflation Surge
In response to the persistent challenge of soaring inflation, the Central Bank of Nigeria (CBN) has announced a significant hike in the monetary policy rate, raising it by 400 basis points from 18.5% to 22.75%. CBN Governor Olayemi Cardoso revealed this decision during the 293rd Meeting of the...
The Central Bank of Nigeria (CBN) has instituted new regulations governing the foreign exchange (FX) sales by Bureau De Change (BDC) operators, as outlined in the 'Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria,' released on February 23, 2024.
These...
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