Dave Ibemere
5944 articles published since 20 Sep 2021
5944 articles published since 20 Sep 2021
The British pound fell to N1,816.04 as the Central Bank of Nigeria released new exchange rates, while the naira strengthened against major currencies on Friday.
Dangote Refinery has raised petrol gantry prices to N1,265 per litre while increasing coastal rates, citing rising imports and domestic demand uncertainty.
Canada has announced higher proof-of-funds requirements for international students, with Nigerians and others needing to show more money from September 2026.
Canada has raised the study permit financial requirement for international students, with single applicants now required to show C$23,448 from September 1, 2026.
Access Holdings topped Nigeria’s highest salary-paying companies in 2025, while Seplat Energy recorded the highest average annual salary per employee.
Saudi Arabia has capped work visas for newer businesses at five, while established companies can obtain up to 50, affecting foreign workers seeking employment.
The Federal Government seeks Nigerians’ and businesses’ input on the Finance Bill 2027, with stakeholders invited to submit practical proposals before September 11.
Nigeria’s external reserves rose by $3.15 billion to $53.11 billion, nearing the 2009 record as stronger dollar inflows boosted Nigeria’s foreign exchange buffer.
The Nigerian Exchange rebounded 0.22% as bargain-hunting lifted banking stocks, although weak market breadth showed continued investor caution across sectors.
Dave Ibemere
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