Amazon.com Inc. is taking a firm stance on its return-to-office guidelines for US employees. The tech giant is joining the ranks of companies aiming to curtail the extent of remote work and bring employees back to physical office spaces.
Reports have surfaced that Amazon employees in the US received an email this week, outlining the company’s expectation of their presence in the office for at least three days each week. Read more latest news in Nigeria today here.
Nigeria’s Crude Oil Output Slumps Amid Global Price Surge
Nigeria’s crude oil output declined by 12.56% in the month of July to 1.29 million barrels per day (bpd) from 1.48 million bpd in June.
The data released by the Nigerian Upstream Petroleum Regulatory Commission reveals a year-on-year reduction of 1.52 percent from 1.31 million bpd. Read more latest news in Nigeria today here.
X (Formerly Twitter) Announces Enhanced Ad Revenue Sharing for Content Creators
X, formerly known as Twitter, has unveiled significant updates to its advertising revenue-sharing program, benefiting content creators by lowering eligibility thresholds and offering greater incentives.
Within a three-month span, the platform has reduced the required impressions for ad revenue sharing from 15 million to 5 million, allowing more individuals to participate in the program. Read more latest news in Nigeria today here.
CBN Releases Long-Awaited Audited Accounts: Posts Robust Profit and Discloses Liabilities
For the first time since 2015, the Central Bank of Nigeria (CBN) has unveiled its eagerly anticipated audited accounts, revealing a profit of N103.8 billion in 2022, the highest recorded since 2017.
Published on the CBN website, the audited results span the past six years, illustrating the apex bank’s financial performance: N124.4 billion in 2016; N107.3 billion in 2017; N43.7 billion in 2018; N34.6 billion in 2019; N30.8 billion in 2020, and N75.1 billion in 2021. Read more latest news in Nigeria today here.
CBN Loans Exceed Statutory Limit by N22.9 Trillion: FRC to Review Compliance
The Central Bank of Nigeria (CBN) extended a staggering N23.18 trillion loan to the Federal Government in the year ended December 31, 2022, under its ‘Ways and Means’ policy as revealed in the apex bank’s recent financial report.
This loan, however, surpassed the statutory limit by an alarming N22.9 trillion. Read more latest news in Nigeria today here.
Cooking Gas Prices Skyrocket as Nigerian Consumers Feel the Pinch
Hours after reports that the price of liquefied natural gas, also known as cooking gas, will increase in the coming days, the retail price of the commodity has risen to N800 per kilogram, findings have shown.
Stakeholders in the entire value chain have confirmed the increment, citing rising international prices, high tax rates, vessel costs, forex scarcity, and naira devaluation. Read more latest news in Nigeria today here.
Oil Prices Remain Resilient as Demand Optimism Takes Center Stage
Oil prices hovered near recent highs on Friday following demand predictions from both the OPEC and the International Energy Agency (IEA).
Brent crude oil, against which Nigerian oil is priced, dipped by 12 cents or 0.1% to settle at $86.28 per barrel, while U.S. West Texas Intermediate (WTI) crude shed 7 cents or 0.1% to close at $82.75 a barrel. Read more latest news in Nigeria today here.
IPMAN Sounds Alarm: Pump Price of PMS Could Hit N750 Amidst Economic Pressures
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the pump price of Premium Motor Spirit (PMS), popularly known as petrol, could rise to as high as N750 per litre by May 2024.
Chinedu Ukadike, the association’s national spokesperson, disclosed in Abuja while speaking with the press. Read more latest news in Nigeria today here.
Dollar to Naira Black Market Today August 11th, 2023
As of August 11th, 2023, the dollar to naira exchange rate is 1 USD to 955 NGN at the black market. This means that for every one US dollar, you can exchange it for ₦945.
This digital business news platform has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. Read more latest news in Nigeria today here.
