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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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The Central Bank of Nigeria (CBN) has taken a significant step towards stabilizing the foreign exchange (FX) market by announcing the sale of dollars to bureau de change (BDC) operators at the rate of N1,101 for every $1.
This move, revealed in a recent circular titled ‘Sales of FX to Meet...
Nigeria
Consumer Protection Alert: Lagosians Cheer as State Threatens Closure of Supermarkets Over Price Tag Absence
The Lagos State Government has issued a directive mandating all supermarkets and grocery stores in the state to prominently display price tags on all products or face possible closure.
This move, announced by the Lagos State Consumer Protection Agency (LASCOPA), aims to ensure transparency and...
Nigeria
Presidential Economic Management Team: Nigerians Concerned About the Impact of the Billionaires Club
Dr. Nnaemeka Obiaraeri, a development economist, questions the inclusion of billionaires like Elon Musk, Mark Zuckerberg, and Bill Gates in the newly constituted Presidential economic management team. He highlights a tradition where successive U.S. presidents avoid such appointments.
Obiaraeri...
In Nigeria's ever-evolving airline sector, a new battleground has emerged: the skies above London. With Air Peace's recent foray into the lucrative Lagos/London route, foreign carriers have launched a relentless price war, slashing fares in a bid to outmaneuver the homegrown airline.
Before Air...
The Federal Government of Nigeria, through the National Identity Management Commission (NIMC), is set to launch a groundbreaking national identity card system. While the announcement has sparked curiosity among Nigerians, it also raises questions about the necessity of another identification...
President Bola Tinubu has appointed Uzoma Nwagba as the managing director and chief executive officer of the Nigerian Consumer Credit Corporation (CrediCorp), aiming to accelerate consumer credit access for working Nigerians by 2030.
Nwagba, formerly the chief operating officer of the Bank of...
KPMG Nigeria has cautioned that the Central Bank of Nigeria's (CBN) recent monetary tightening measures could hinder banks from extending credit, potentially
impacting economic growth. The firm highlighted the potential consequences of the elevated interest rates, including increased...
Amidst the recent approval of an electricity tariff adjustment by the Nigerian Electricity Regulatory Commission (NERC), Ikeja Electricity Distribution Company (Ikeja Electric) has unveiled data disclosing 41 areas in Lagos categorized under band 'A'.
These areas, representing a subset of...
Tony Elumelu, chairman of Heirs Holdings, declared the unwavering backing of the Organised Private Sector (OPS) in Nigeria for President Bola Tinubu. The endorsement came during a momentous gathering in Abuja, where business leaders convened for Iftar with the president, showcasing the nexus...
The government has announced a substantial reduction in monthly electricity subsidy expenses. This decision comes in the wake of a recent tariff hike aimed at aligning electricity tariffs with the actual cost of power generation and distribution.
According to official sources, the revision in...
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