The Nigerian naira recorded a significant appreciation in the official foreign exchange market, rising to ₦1,494.03 per US dollar. This development marks a positive shift in the currency’s performance after
Microsoft has unveiled a transformative initiative to provide artificial intelligence (AI) training to one million Nigerians, signaling a major investment in the nation’s digital future. This large-scale program aims to
Despite the commencement of operations at the Dangote Refinery, the Federal Government has confirmed that the combined output from the Dangote and Nigerian National Petroleum Company Limited. (NNPCL) refineries is
The Nigerian automotive market is bracing for a potential shockwave as the United States government prepares to implement a 25% tariff on imported vehicles. This policy shift, designed to protect
The Central Bank of Nigeria (CBN) has issued a directive to all commercial banks in the country, mandating them to ensure the consistent availability of cash in their Automated Teller
The Nigerian aviation fuel market is showing signs of stabilization, but prices continue to remain elevated, posing challenges for airlines and travelers. While the volatility that characterized the market in
Despite efforts to improve electricity access in Nigeria, a recent report by the Rural Electrification Agency (REA) has revealed that approximately 20,000 communities across the country still lack access to
The Nigerian National Petroleum Corporation (NNPC) has announced that it will soon begin issuing appointment letters to successful candidates from its recent recruitment exercise. The NNPC had conducted a large-scale
The Central Bank of Nigeria (CBN) has issued a stern directive requiring bank directors with non-performing loans (NPLs) to resign from their positions. This move is part of the CBN’s
Airtel Nigeria has announced an increase in its data and call rates, leaving subscribers frustrated and concerned about the rising cost of communication services. The telecommunications giant, in a message
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