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The Senate on Tuesday called for improved budgetary allocation to the Securities and Exchange Commission (SEC). The Chairman of the Senate Committee on Capital Market, Osita Izunaso, made the call when the Director-General of SEC, Dr. Emomotimi Agama, appeared before...
 Report reaching CKNNews have it that President Bola Tinubu has created a new Ministry known as the MINISTRY OF LIVESTOCK DEVELOPMENT The Ministry will mainly deal with issues relating to livestocks including cowsThe President announced this at the Inauguration of...
How Much is 500 Dollars in Naira Today (Latest Update) Are you curious about how much 500 US Dollars is worth in Nigerian Naira today? The Dollar is the most used currency for transactions in online businesses. More so,...
The Nigerian National Petroleum Corporation (NNPC) Ltd. has attributed the recent fuel queues in the Federal Capital Territory (FCT) and other parts of the country to logistics challenges exacerbated by adverse weather conditions and flooding.According to a statement from...
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, succeeding Shubham Chaudhuri.  Dr Diop, who officially took over the position on 8 July, brings extensive global experience to his new role, having previously served...
The Nigerian National Petroleum Company Limited, NNPCL, said fuel stations are to operate longer hours for supply and distribution of the Premium Motor Spirit, PMS, also known as petrol. It called on fuel stations to aid availability of the product...
Only 1.3 per cent of Nigerian informal businesses reach over N2.5 million profit on a monthly basis, the Informal Economy Report 2024, has shown. The report, compiled by financial technology provider, Moniepoint, revealed that the network of unregistered businesses, contributing...
Tracka, a subsidiary of BudgIT, has lamented that Nigeria allocated N732 billion on vague empowerment projects in the 2024 budget. This figure, the organization lamented is higher than the N646.5 billion allocated to health projects in the budget The Head of...
The Advertisers Association of Nigeria (ADVAN) has withdrawn its membership of the Heads of Advertising Sectoral Group (HASG). This decision follows extensive deliberation and careful consideration by the ADVAN Executive Council and association members. This was contained in a letter addressed...
Africa’s distributor of cutting – edge technology solutions, TD Africa Limited, was honoured for its outstanding performance in after-sales support services at the just concluded Huawei Connect 2024 in South Africa. TD Africa bagged the awards for: Authorised Service Centre...
The government has collected a total of N78.95bn from the N50 levy imposed on electronic bank transfers within the first five months of 2024, according to findings revealed Analysis of the Federal Allocation Accounts Committee report released by the National...
The national chairman of the All Progressives Congress (APC), Abdullahi Ganduje, has lauded the advent of SLTV, indigenous satellite pay television, as a veritable alternative for Nigerians, adding that the brand has a crucial role to play in information...
It was a week to forget for investors in the Nigerian equities market following a cummuative loss of N2.75bn in the just ended trading week. The bourse recorded loses in three of the five trading days making profits on two...
Current Dollar to Naira Exchange Rate in Black Market and Aboki FX as of today 5th July 2024 What is the Dollar to Naira Exchange rate at the black market also known as the parallel market ? See the black market...
The newly confirmed Chief Executive Officer (CEO) of the Nigerian Exchange Group, Mr Jude Chiemeka has been charged with the onerous task of propelling the NGX towards long-term success. This follows his confirmation as the substantive CEO of the operating...
Chevron Nigeria Limited (CNL), operator of the joint venture between the Nigerian National Petroleum Company Limited (NNPCL) and CNL, “NNPCL/CNL JV, has said it has plans to further grow its business space in Nigeria’s Oil and gas industry. The company...
Nigeria has emerged winner of the bid to host the headquarters of the African Energy Bank, a global multilateral institution aimed at financing Africa’s hydrocarbon resources and supporting energy transition and net-zero commitments. Minister of State for Petroleum Resources, Oil...
Japan has issued its first new banknotes in twenty years on Wednesday, incorporating 3D hologram technology to combat counterfeiting. Prime Minister Fumio Kishida hailed the state-of-the-art anti-counterfeit features of the new 10,000 yen, 5,000 yen, and 1,000 yen notes as...
Naira Faces Continued Depreciation Amid Economic Pressures The Nigerian currency continues to experience depreciation in both the parallel and official markets, reflecting the ongoing economic pressures the country faces. Recent Declines in Value Yesterday, the Naira depreciated further in the parallel market,...
Current Dollar to Naira Exchange Rate (Black Market – Aboki FX) – 4th July 2024 Explore the current black market dollar to naira exchange rate today. Learn about the benefits of using the black market for currency exchange and the...
Lagos State Empowers 500,000 Businesses with N10 Billion Investment In a bold move to improve economic growth and job creation, the Lagos State government has disbursed N10 billion to support 500,000 small-scale businesses through the Lagos State Employment Trust Fund...
The Central Bank Of Nigeria (CBN) has said that it will sanction any Deposit Money Bank (DMB) and Bureau De Change (BDC) operators in the country who reject old and small denominations of the United States Dollar bills. According a...
The naira shed N1 against the United States at the official window on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded N1,509/$1 on Tuesday as against the N1,508/$1 recorded the previous day. The...
A pioneer in AI, biometrics, machine learning, and big data solutions, Quantum Space Dynamics Inc. (QSD) has unveiled VerifyNG, a revolutionary facial recognition verification software created especially for the Nigerian market. VerifyNG is designed to meet the increasing need for...
 A former Information Technology (IT) officer at Globus Bank, Idris Babatunde Olayiwola, has dismissed as “baseless” and “untrue”, fraud allegations levelled against him by the bank.Olayiwola in a statement he personally signed and which was released on his X...
The National Bureau of Statistics (NBS) has announced that Nigeria has recorded a substantial increase in foreign investments in the first quarter (Q1) of 2024. The report, titled ‘Nigeria Capital Importation Q1 2024,’ revealed that the country received $3.38 billion...
The saga surrounding Nigeria’s proposed national carrier, Nigeria Air, took another turn as Ethiopian Airlines, which was slated to be a major partner in the venture, has announced that the Nigerian government is no longer interested in pursuing the...
The equities market started the week on a losing note as investors recorded a loss of N20bn at the end of trading session on Monday, July 1, 2024. This is even as stocks like ETRANZACT, FIDSON, and CORNERSTONE amongst others...
The Nigerian Economic Summit Group (NESG) has backed the recent decision of the Central Bank of Nigeria (CBN) to discontinue the Price Verification System (PVS) for foreign exchange transactions, saying it will remove regulatory bottlenecks and boost macroeconomic stability. The...
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