Search results
Results from the WOW.Com Content Network
Nigeria has filed a lawsuit against cryptocurrency exchange Binance, seeking to compel the company to pay $79.5 billion for economic losses caused by its operations in the country and $2 billion ...
Sambo Dasuki, the National Security Adviser who allegedly masterminded the $2 billion arms deal. The $2 billion arms deal, or Dasukigate, [1] is an arms procurement deal in Nigeria that resulted in the embezzlement of $2 billion through the office of the National Security Adviser under the leadership of Colonel Sambo Dasuki, the former National Security Adviser. [2]
Nigeria's Conditional Cash Transfer program provides targeted cash transfers to the most vulnerable households with the long-term goal of lifting millions out of poverty. A monthly stipend of N5,000 ($13.89) is given to households in poverty-stricken communities along with an additional N5,000 for families designated as priorities or extreme cases.
Progressing into the late 1930s, Nigeria acquired an additional loan of £4.89 million by the end of 1936, resulting in the country's cumulative public debt reaching about £9.89 million. Subsequently, from 1946 to 1948, Nigeria obtained an additional £5.74 million, further elevating the nation's total debt burden to £21.24 million by the ...
The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar. [when?] [68] According to a recent (June 2024) report by Naija News, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This ...
MTN group, through their spokesperson, said, "Pursuant to the ongoing engagement with the Nigerian authorities, MTN Nigeria has today (yesterday), made an agreed payment of N50 billion ($250 million) to the Federal Government of Nigeria on the basis that this will be applied towards a settlement, where one is eventually, and hopefully, arrived at.
Nigeria received an RFI emergency loan for economic losses incurred due to COVID-19, which is to be repaid within 5 years, and repayments beginning within the third year. [6] The RFI loan was conditioned upon the nation's adherence to transparency and participation in independent audits of crisis-mitigation. [6]
The Nigerian Education Loan Fund (NELFUND) is a pivotal financial institution established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024. [1] It was signed into law by President Bola Tinubu on 3 April 2024, marking a historic step towards ensuring sustainable higher education and functional skill ...