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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Zhang Yiming, co-founder of ByteDance, now ranks as China's richest person, with a net worth of $49.3 billion, according to the Hurun China Rich List 2024. ByteDance’s success, fueled by TikTok and other popular apps, has driven Zhang's rise in wealth, surpassing previous leader Zhong Shanshan...
![Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar](/data/attachments/209/209680-b3b00b896f8005f3e8f371831195771a.jpg?hash=PERHMQHP25)
Nigeria
Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar
The Nigerian Naira appreciated to N1,725 per dollar in the parallel market and N1,630.45 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes surged by 198.8% to $242.59 million. The gap between the parallel and NAFEM rates widened to N94.55, raising concerns about...
The Nigerian National Petroleum Company (NNPC) has increased petrol prices, now N1,025 per liter in Lagos and N1,050 in Abuja. This rise follows previous increases and reflects ongoing economic pressures.
The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium...
Aliko Dangote, President of Dangote Group, urged NNPC and fuel marketers to stop imports, asserting his refinery can meet Nigeria's daily fuel needs. With 500 million liters in storage, Dangote claims his facility can eliminate fuel queues and stabilize prices by supplying 30 million liters...
Moniepoint raised $110 million in a Series C funding round, achieving unicorn status with a valuation over $1 billion. The investment, led by Development Partners International, will enhance Moniepoint's all-in-one platform for digital payments and financial services, solidifying its position in...
Nigeria's Naira has fallen to the world's third worst-performing currency, losing about 70% of its value against the dollar. A recent 4.3% drop to 1,670.65 Naira per dollar highlights ongoing liquidity issues in the foreign exchange market, exacerbated by declining crude oil production.
The...
Pick n Pay has announced its exit from the Nigerian market, selling its 51% stake in a joint venture. This decision, part of a restructuring strategy, follows financial challenges since its 2018 entry. The company plans to focus on its successful Boxer division and aims for a Johannesburg Stock...
Since its establishment in 2019, TAJBank has rapidly become one of Nigeria's most prominent financial institutions. Recognized for its non-interest banking model, TAJBank attracts individual customers and corporate entities benefiting from its innovative, ethical, and financially inclusive...
Ghana plans to import petroleum products from the Dangote Refinery in Nigeria to lower fuel prices. The move aims to reduce reliance on costly European imports and enhance regional trade. The refinery, which can process 650,000 barrels per day, is expected to operate at full capacity by...
Air Peace, Nigeria’s largest airline, has debunked rumors of a fare increase on the Lagos-Abuja route, refuting claims of a ₦200,000 one-way ticket price. The airline clarified on X (formerly Twitter) that any official announcements regarding fare adjustments will only be made through verified...
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