Economy

Lotto Company Pledges to Employ 20, 000 Youths in 18 States

Published

4 years ago

January 12, 2020

Eric

A lotto company, Western Lotto Nigeria Ltd, has said it is seeking to employ 20, 000 youths as Point of Sales Officers in 18 states across the country.

The company said in a statement that this was part of its initiative to boost job creation, empowerment and productive engagement of young people.

Applicants are expected to have a minimum qualification of Senior School Certificate (SSCE) and a maximum of Ordinary National Diploma (OND) in any discipline.

The statement said: “Successful applicants shall be entitled to monthly salary of N30,000 – in line with the minimum wage approved by Labour and the Federal and state governments.

“They will also be entitled to a commission of 7.5 per cent of their monthly sales which could take their monthly pay to N60,000.

“This employment is guaranteed for an initial period of two years.”

Applications deadline is on or before January 31 and the relevant states are: Lagos, Ogun, Oyo, Osun, Ondo, Ekiti, Rivers, Edo, Delta, Bayelsa, Nasarawa State/FCT, Kwara, Kano, Kogi, Niger, Enugu, Imo and Akwa Ibom.

The company encouraged applicants to apply to apply online on its website or submit their applications and reference forms by hand at Western Lotto Headquarters and Area/Regional offices.

Western Lotto Nigeria Ltd is the sole rights owners of the Ghana Games in Nigeria; a sister company of Western Bet and Lotto9ja (an online instant games platform) under the BWC Group, Lagos, with interests in real estate and hospitality.

Economy

Naira Makes More Recovery, Sells at N1,453/$1

Published

4 weeks ago

March 22, 2024

Eric

The Naira continued its appreciation at the official market on Thursday, March 21, 2024 to close at N1,453.28/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This represents an appreciation of N39.33 when compared to the N1,492.61/$1 it closed on Wednesday, March 20, 2024.

The intraday high was N1,598/$1, while the intraday low was N1,300/$1, representing a wide spread of N298/$1.

Similarly, the Naira appreciated against the dollar at the parallel window to trade at N1,500/$1, this represents an appreciation of N20.00 as against the N1,520 /$1 it traded the previous day.

The Naira also appreciated slightly against the British Pound to trade at N2,000/£1 as against the previous trading day’s price of N2,020/£1 representing a gain of N20 for the local currency.

The Canadian dollar, however, closed flat against the naira to trade at N1,270/CA$1 same as the N1,270/CA$1 it traded the previous day representing a decline of N20 in the local currency.

The Naira gained N30 against the Euro to trade at N1,670/€1 as against the previous closing price of N1,700/€1.

Economy

Naira Gains Against Dollar, Trades at N1,603/$1

Published

1 month ago

March 13, 2024

Eric

The Naira, Tuesday continued its recovery against the American dollar as it traded at N1,603.38/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.

This represents a gain of N15.48 when compared to the N1,617.96/$1 it closed on, on Monday, March 11, 2024.

The intraday high was N1,637/$1, while the intraday low was N1,425.35/$1, representing a lean spread of N211.65/$1.

Meanwhile, the Naira gained N12 against the dollar at the parallel market as the local currency appreciated to N1,603/$1 as against the N1,615 /$1 it traded the previous day. As it stands, the naira is trading at the same rate at both official and parallel windows.

The Naira, however, slumped against the British Pound to trade at N2,050/£1 as against the previous trading day’s price of N2,030/£1 representing a loss of N20 for the local currency.

After about two weeks of closing flat against the Canadian dollar, the naira slumped massively to trade at N1,300/CA$1 on Tuesday, representing a decline of N150 when compared to the N1,150/CA$1 it traded the previous day.

The Naira lost N35 against the Euro to trade at N1,740/€1 as against the previous closing price of N1,705/€1 representing a loss of N35 for the local currency.

Economy

Binance to Close Shop in Nigeria, Stops Transaction, Trading in Naira

Published

2 months ago

March 5, 2024

Eric

By Reuters – Binance will stop all transactions and trading in Nigeria’s local currency after March 8 amid a country-wide crackdown on crypto exchanges that have been blamed by authorities for feeding a black market for foreign exchange.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether – a stablecoin whose value is pegged to the U.S. dollar.

Last week, Nigerian authorities detained two Binance senior executives on undisclosed charges as part of the crackdown.

They were still in custody, their local lawyer said before a parliamentary committee on Monday.

Source: Reuters