Browsing Category
Business
Nigeria Must Reduce Over-Dependence On Oil – Akeredolu
The Ondo State Governor, Mr Rotimi Akeredolu, on Wednesday, said there was a need to develop strategies that would…
CBN Deepening NFIS Via E-Channel Transactions
Three months after the Central Bank of Nigeria (CBN) lowered its hammer on Bureau de Change operators over alleged…
Customs’ Move To Impound Private Jets
LAST week, the Nigeria Customs Service (NCS) threatened to impound 29 private jets on which the owners had not paid…
Oil Rises Modestly As U.S. Crude Stockpiles Dwindle
Oil prices edged higher on Wednesday, rebounding from early losses after U.S. crude stockpiles unexpectedly fell…
AFDB, ADFl, And Y’ello Digital Financial Services Agreed On $500,000 Grant For…
The African Development Bank initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital…
Central Bank Of Nigeria To Promote Entrepreneurship By Supporting Youths With…
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote…
China’s Yuan ouches Firmest Point Since June After Strong Fixing
China's yuan briefly rose to its highest point against the U.S. dollar in more than
four-and-a-half months on…
FX Turnover On FMDQ Drops By 28.4% On Reduced CBN Interventions, Foreign Portfolio…
Following reduced interventions by the Central Bank of Nigeria (CBN) and a decline in foreign portfolio investment…
NIgerian Railway Corporation Resumes Cargo Movement From Lagos To Kano, Kaduna Dry…
The Nigerian Railway Corporation (NRC), has resumed movement of cargoes in containers to Kano and…
Dollar Drops As Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Mth Peak
The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets,…
Enhancing Credit Recovery Mechanism To Save Economy
James Emejo writes that just as lack of access to credit could hamper business and retard economic…
Sterling Hits One-Month High Vs Dollar As UK Rate Hike Anticipation Builds
Sterling hit a four-week high against the dollar on Tuesday as expectations mount the Bank of England…
Bitcoin Hit $64,241 After ETF Listing
The price of Bitcoin surged, near the all-time high after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
Dollar Sale Ban To BDCs Shows Up In Rising Cost Of Cooking Jollof Rice
The average cost of cooking a pot of Jollof rice for a family of five has increased to N8,000.50 from N7,618…
Nigerians Lose Over N22bn To Imagine Lenders, As Owners Skip Town
Not less than N22 billion in investments seem to have gone down the drain as owners of Imagine Global Solutions,…
Nigeria Stock Exchange Place A Hold On Four Firm Shares Trading
The Nigerian Exchange Limited has suspended trading in the shares of four firms this year for falling short of…
E-Commerce “Sendbox” Raise $1.8 Million
An e-commerce fulfillment company for small merchants, Sendbox, has raised $1.8m to help small merchants fulfill…
DPR, PPPRA, PEF Get Scrapped By Federal Government Of Nigeria
The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum…
Crypto Fraud Costs More Than $200 Million This Year, U.K. Police Say
Fraud linked to cryptocurrencies surged in the first nine months of the year, U.K. Police said, with victims…
Oil Prices Could Be Higher For Much Longer Says Goldman Sachs
Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight,…
Circulation Currency Rises To N2.84tn, Says CBN
The currency in circulation rose by N58.36bn to N2.84tn in September from N2.79tn in August, the latest figures…
Oil Continues Gain After Eighth Weekly Advance On Energy Crisis
Oil advanced at the open of trading in Asia after an eighth weekly gain with the market facing a global energy…
Operating Licences Canceled By FG For 2 Oil Firms Over Unfair Labour Practices,…
The Federal Government, through the Department of Petroleum Resources, DPR, the regulatory agency in the Nigeria…
Federal Government Raises PPPRA, CBN, Others’ Revenue Targets By N754.31bn
The Federal Government has reviewed upwards the independent revenue projection for Ministries, Departments and…
Facebook To Create 10,000 Jobs In European Union Over The Next Five Years
Facebook plans to create 10,000 jobs in the European Union over the next five years in a push to build a digital…
OPPO Launches New IOS
OPPO, a Chinese consumer electronics and mobile communications company, has launched a global version of its…
Nigerian Exchange Group List Its Issued And Fully Paid Share
Nigerian Exchange Group Plc has listed its entire issued and fully paid 1,964,115,918 ordinary shares of 50 kobo…
Bitcoin Tops $60,000, Nears Record High, On Growing U.S. ETF Hopes
Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident…
Powell Still Favorite For Fed Reinstatement But Investors Examine Alternatives
Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors…
Flutterwave Set To Triple Last Valuation
Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure…