Naira to fall as low as N1,018/$1 – Economists

The European Intelligent Unit, EIU, has predicted that the Nigerian currency, the naira will exchange for N1,018 to US$1 in 2027. This is due to high and rising inflation, the economist group stated in its latest report. According to the EIU, in 2024, the exchange rate will be N815 to US$1 and it will slide to N1,018 to US$1 by the end of 2027. The rate in the black market over the period, EIU says,...

Opay unveils new logo to celebrate fifth anniversary

OPay Nigeria, a leading digital fintech company, has officially rebranded and unveiled a new logo to mark its fifth year anniversary in the Nigerian market. The new logo, an “O” loop with a square element, was unveiled on Wednesday across the company’s social media pages. Check out our new Logo. Welcome to the new Era #OPayBeyondBanking #OPayNewLogo pic.twitter.com/OxTXUff5NF — OPay (@OPay_NG) July 26, 2023 According to Nairametrics, the “O” loop represents OPay’s dedication to continuously...

Google partners with Verve for Nigerians to pay with naira on Play Store

To make digital transactions on Google Play Store easier and more accessible for Nigerians, Google says Nigerians can now make payments on the store using the local currency, the naira. This followed its partnership with Verve, the largest domestic card scheme in Africa, on Wednesday, aimed at strengthening the digital ecosystem in Nigeria. “We are thrilled to collaborate with Verve, expanding Google Play access for more Nigerians,” Anthea Crawford, the head of retail and payment...

Wema bank announces salary increment to motivate employees

…Urges others to prioritise staff wellbeing Wema Bank in a bid to cushion the effect of fuel subsidy has emphasised the need to prioritise employee’s wellbeing by increasing the staff salaries of the bank. According to the bank, the current economic realities, which have witnessed recent spikes in fuel, electricity, and other prices, require that employers prioritise the welfare of their workers. This was disclosed in a statement signed by its Divisional Head, People, Brand...

Major Industries in Anambra State ready for Continental Export

State Commissioner for Industry says top 100 industries in Anambra State would export to 54 African Countries The Anambra State Commissioner for Industry, Christian Udechukwu, has said that the state government has restored order across the state. This and more he said while speaking on Arise Television. According to the Commissioner, the Anambra Ministry of Industry has worked out modalities for the top one hundred industries in Anambra, to export to fifty-four African countries. Speaking...

Tinubu appoints Taiwo Oyedele chairman of new committee on tax reforms

President Bola Tinubu, on Friday, approved the establishment of a presidential committee on fiscal policy and tax reforms and has appointed Taiwo Oyedele to chair the committee. Oyedele is the fiscal policy partner and Africa tax leader at PricewaterhouseCoopers, PwC, a network of firms in 152 countries that offers business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services. Announcing the development in a statement, Dele Alake, special adviser to...

Abia State government launches digital tax payment system for transporters, traders

Governor Alex Otti of Abia State, on Monday, launched a new digital tax system that would promote transparency in the collection of tax and make tax payments seamless for transporters and traders. In a statement on Tuesday, Kazie Uko, the chief press secretary to the Governor, said the digital tax system also integrates a free medical insurance scheme for all commercial vehicle drivers and riders of tricycles (Keke) and motorcycles (Okada). Speaking at the launch,...

FG moves to tackle rejection of Nigeria export products

The Federal Government has initiated a move to tackle the incessant rejection of Nigeria’s export products in the international market through the establishment of the National Quality Council (NQC). The measure was taken to enhance development, harmonisation and rationalisation of Nigeria’s quality infrastructure. Osita Aboloma, chairman and chief executive of the NQC who stated this in Abuja, said that various legs of the quality infrastructure, namely standards development, metrology, conformity assessment and accreditation require urgent...

Illegal Mining: Chinese Government Holds Talks With Niger State Government

The Chinese government has commenced talks with authorities of the Niger State government over illegal mining activities by some Chinese companies across the state around Zuma Rock in the Suleja Local Government Area of the state. The meeting is part of a last-minute effort to avert a possible lawsuit by the Niger State government against the companies, as their activities have been a source of concern for the state government. Governor, Abubakar Sani Bello, recently...

Anambra: Surv. Okeke Receives Award of Excellence from YOCEN

Chariman Nigerian Institute of Surveyors, Anambra State Chapter, Surv. Gabriel Okeke has received an award of Excellence from Youth Coalition for Education in Nigeria (YOCEN) as the “Vangaurd of Societal Transformation in Nigeria”. YOCEN is a non governmental organization established to deliver vibrant and effective educational programme designed to assist those who do not have access to basic and qualitative educational services The event which took place at Awka, the Anambra state capital had in...

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