Pascal Oparada
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Canada has begun a new visa programme to limit the number of applications by startups and stop self-employed and other persons from moving to the country.
The United Kingdom has begun the detention of migrants crossing into the country from France in preparation for deportation to Rwanda in July 2024.
The International Monetary Fund (IMF) says Nigeria is among the 10 African countries with the least external debt burden in 2024, with $41.3bn as of December 2023.
Rice sellers across markets in Nigeria have reported a drop in the price of the commodity due to the naira's gain against the dollar and border reopening by Nigeria.
the Nigerian foreign exchange market recorded improved dollar supplies in March and April, leading to the naira becoming the world's best-performing currency
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to shut down 30,000 petrol stations across Nigeria over N200bn debt.
Opay, Palmpay, Kuda Bank, and Moniepoint have suspended account opening over KYC challenges with customer accounts in line with CBN's directives.
The naira has hit a 30-day low in the official market, trading at N1,419 per dollar and N1,340 in the parallel market as foreign exchange turnover declines.
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of pre-paid meters under the MAP scheme to allow for competition.
Pascal Oparada
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