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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
Amidst fluctuations in Nigeria's foreign exchange market, the Naira demonstrated a surprising appreciation, climbing to N1,260 per dollar in the parallel market from N1,270 per dollar just a day prior.
Additionally, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a...
Recent developments in Nigeria's foreign exchange landscape reveal a noteworthy surge in the customs exchange rate for import duties, exceeding the official market rate. The rate for cargo clearance currently stands at N1,330.36 per USD, significantly higher than the official market's N1,278/$1...
Nigeria
Relief for Industries: Dangote Refinery Begins Local Diesel Distribution at Affordable N1,225/Litre Rates
Nigeria's Dangote oil refinery commenced supplying petroleum products to the local market, marking a significant stride in the nation's pursuit of energy independence.
The refinery, erected for $20 billion by billionaire Aliko Dangote, Africa's richest man, stands as the continent's largest...
Nigeria
Nigerians Outraged Over Proposed 300% Increase in Electricity Tariffs Amid Economic Hardships
Power companies in Nigeria are set to implement a significant increase in electricity tariffs, raising rates to N200 ($0.15) per kilowatt-hour from the current N68 for urban consumers.
This move, reported by Bloomberg news agency, aims to address concerns regarding electricity consumption...
Nigeria
Forbes 2024: Nigerian Powerhouses Dangote, Adenuga, Rabiu, and Otedola Make Prestigious Billionaires List
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola emerged as the only Nigerians featured in Forbes' 2024 billionaires list, announced on Tuesday.
Despite global inflation and political turmoil, Forbes reported a surge in billionaire numbers, with 2,781 individuals worldwide – a...
The Nigerian naira saw an appreciation to N1,250 per dollar in the parallel foreign exchange market on Monday, marking a 0.43 percent increase from the N1,280 recorded on March 29.
Bureau de Change operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at...
Allen Onyema, the CEO of Air Peace Airlines, revealed the challenges his airline faced due to what he described as internal and external conspiracies.
Speaking on Arise Television's Morning Show, Onyema detailed how Air Peace was denied a Technical Country Operators (TCO) permit by Nigerian...
Bismarck Rewane, Managing Director of Financial Derivatives Company Limited, predicts a significant drop in diesel prices below N1,000 per litre with the commencement of diesel production at the Dangote Refinery.
During an interview on Channels Television’s News At 10, Rewane highlighted the...
Nigeria
Nigerians Breathe a Sigh of Relief as NCC Extends Deadline: Unlinked Phone Lines to NINs Granted Reprieve Until July
The Nigerian Communications Commission (NCC) has extended the deadline for the disconnection of telephone lines not linked to National Identification Numbers (NINs) from April 15, 2024, to July 31, 2024.
This directive, communicated via a letter to telecommunication companies, follows careful...
The Central Bank of Nigeria (CBN) has unveiled new capital requirements for banks, mandating 25 banks in Nigeria to raise approximately N3.89 trillion in fresh capital to meet the new minimum capital base.
This move aligns with the CBN's efforts to strengthen the banking sector in line with...
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