After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, “Nigeria’s sovereign-risk premium jumped the most in three months after Moody’s Investors Service downgraded the country…
Category: Breaking
Nigeria’s New Naira: Racketeering Thrives In Abuja And Other States
In Abuja, the nation’s capital, Lagos, Anambra and other states, black marketers were observed selling the new notes to those…
AFDB is Planning a $1.5 billion Food Facility For Nigeria And Other Countries
The African Development Bank has said it has put in place a $1.5bn emergency food production facility to support food…
The CBN Has Agreed To Extend Exchanging Old Naira Notes By Ten Days.
CBN governor Godwin Emefiele in a statement said the new deadline is February 10, 2023. Emefiele made the announcement after…
The Central Bank of Nigeria has increased interest rates to 17.5%.
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 100…
CBN Bans Abuja and Lagos PoS Operators for Cash Swap.
Mobile money/Point of Sales agents in Abuja and Lagos have been cut off from the Central Bank of Nigeria’s recently…
Nigeria: FG wants the London Court to Reverse $11 billion in Damages.
Nigeria was the target of “a campaign of bribery and fraud” regarding a failed gas processing project, its attorneys argued…
Usain Bolt Lost $12 million in Savings as a Result of a Scam.
Usain Bolt, a Jamaican Olympic sprinter, was astonished to find $12 million gone from an account he had with Stocks…
Chevron Suing Rita Lori and Others for N300m in Legal Costs.
Rita Lori Ogbebor and other individuals have been brought before the Delta State High Court in Warri by multinational oil…
CBN: Banks are free to use ATMs to Pay Any denomination.
The Central Bank of Nigeria (CBN) may have rescinded its earlier order prohibiting banks from loading higher denomination banknotes into…
CBN Plans to Decrease Cash-based Transactions by 2025.
According to the Central Bank of Nigeria, when more of the new naira notes enter the economy in 2025, the…
Breaking: New revised Cash Withdrawal Limit By The Central Bank Of Nigeria.
According to the CBN memo released today 06 December 2022, the Central Bank Of Nigeria has revised its cash withdrawal…
Nigeria Loses More Than 500 Medical Consultants in Two Years to Developed Nations.
According to the Medical and Dental Consultants’ Association of Nigeria (MDCAN), between 2020 and 2022, at least 500 of its…
Anwar Ibrahim becomes the Tenth Prime Minister of Malaysia, making History.
Anwar Ibrahim, a veteran statesman from Malaysia, was named the nation’s next prime minister. Following a lengthy electoral standoff, according…
A Fuel Depot in Southern Russia has Exploded.
According to Russian authorities, a fuel depot exploded in southern Russia near Ukraine. This is a result of a suspected…
BREAKING: Court Issues Bench Warrant On Fleeing British National In Connection With $9.6 Billion P&ID Fraud
On Tuesday, November 15, 2022, Justice D U. Okorowo of the Federal High Court in Abuja issued a bench warrant…
Amazon is Laying Off 10,000 Staffs.
Approximately 10,000 employees in business and technical jobs will be let go by Amazon.com Inc (AMZN. O) starting this week,…
14.2 billion Tons of Limestone are Identified by an Agency.
According to Dr. Abdulrazaq Garba, Director-General of the Nigerian Geological Survey Agency, Nigeria possesses limestone deposits in 14 states totaling…
Britain Freezes £18bn Worth of Russian Assets.
Russia is now Britain’s most-sanctioned nation, surpassing both Iran and Libya, according to the Office of Financial Sanctions Implementation. In…
Jumia CEOs Resign over Company Losses.
Sacha Poignonnec and Jeremy Hodara, the co-founders and co-CEOs of Jumia Technologies, have both resigned from their positions with immediate…
Financial Crimes: Hushpuppi Bags 11years.
Ramon “HUSHPUPPI” Abbas, a well-known Instagram user, was given an 11-year prison term in the US. He was detained in…
The Second-largest Shareholder in Twitter is the Saudi Prince, Alwaleed.
The monarch stated he adhered to his $1. 9 billion equity promise to the social media business’s new owner; after…
India Bridge Collapse, Death Toll Rises to 134; Police Hold Nine.
The India bridge, which connects the Darbargadh Palace historic hotel with the town, is 1. 25 meters (4.1 feet) wide…
A Mall in Abuja Stops Operations Due to Security Concerns.
The management of the Jabi Lake Mall in Abuja’s Utako neighbourhood suspended operations; due to threats to the safety of…
Three Naira Notes Are Redesigned by Nigeria Central Bank.
Godwin Emefiele, the governor of the Central Bank of Nigeria, has announced that the top bank will rebrand three naira…
NMA Reports 10,296 Nigerian Doctors Practicing in the UK.
According to the Nigerian Medical Association, Nigeria is currently experiencing the worst brain drain in its history; with no less…
UK Finance Minister Kwarteng Has Been Sacked.
Kwasi Kwarteng, Britain’s finance minister, was fired after less than six weeks on the job, according to the The government’s significant…
Nigerians Can No Longer Enter Ethiopia With Visas-On-Arrival.
Nigerians will no longer be granted visas on arrival in Ethiopia, according to a government announcement. This was announced in…
NSIA Assumes New Leadership.
Aminu Umar-Sadiq is the new Managing Director/Chief Executive Officer (CEO) of the Nigeria Sovereign Investment Authority with the approval of…