Nigeria’s Twitter Ban Stokes Defiance Despite Prosecution Threat
The Nigerian government’s ban on Twitter Inc. has triggered a wave of defiance among the country’s tech savvy, largely youthful…
Category: Local
FG Pledges Support For Eko Refinery
The federal government has restated its commitment to assist the management of Eko Petrochemical and Refining Company, a subsidiary of…
Patronise CBN-Licensed BDCs, ABCON Charges Customers
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised foreign exchange users and the general public to patronise…
Airline Operators Count Losses As Forex Scarcity, Naira Devaluation Trap Aircraft Abroad
Several commercial aircraft in the nation’s aviation industry are stranded abroad due to lack of access to foreign exchange at…
Report: Electronic Payment Transactions Increased By N80bn To N21trn In May 2021
Transactions through electronic payment (e-payment) channels increased by N80 billion to N21.27 trillion in May 2021 against the N21.19 trillion…
Nigeria’s Devaluation Won’t Fix Managed-Float Woes
Nigeria’s naira devaluation in May is unlikely to be the last and won’t fix the chronic dollar shortage which hampers…
Nigeria Naira Slides Past 500/Dlr On Black Market, Trading Volumes Drop
Nigeria’s naira slid past 500 per dollar on the black market on Monday to a more than 3-1/2-year low, two…
Move Towards Exchange Rate Unification Positive, Says FSDH
A report by the FSDH Research has described recent move by the Central Bank of Nigeria (CBN) to achieve exchange…
T-Mobile CEO says company is poised to dominate 5G for the next decade
T-Mobile CEO Mike Sievert on Monday laid out his vision for the next decade, telling CNBC that he believes his company…
Banks Commence N6.98 USSD Charge, Customers Kick
Some banks have notified their customers that they will start charging them N6.98 for every USSD transactions. However, experts have…
FX: Analysts Doubt CBN’s Adoption Of ‘Market-Determined’ Rates
Analysts at FBNQuest Research have said that they are not “convinced” by the Central Bank of Nigeria (CBN)’s pledge to…
Nigerian Government-Enforced Twitter Suspension Takes Effect
LAGOS, Nigeria (AP) — Millions of Nigerians were unable to access Twitter Saturday after the government enforced an indefinite suspension…
#TwitterBan: Job Losses Loom, Economic Woes To Worsen, NESG, Experts Warn
Friday Olokor, Leke Baiyewu, Okechukwu Nnodim, Temitayo Jaiyeola, Amarachi Orjiude, Lesi Nwisagbo, Kariola Mustapha, Amarachi Orjiude, Dayo Adenubi, Samuel Olatunji,…
ABCON Okays ‘Operation No Street Trading
The Association of Bureau De Change Operators has approved ‘Operation No Street Trading’ to stop the hawking dollars by Bureaux…
We’re Increasing Forex To Banks For SMEs, Travellers, Tuition
The Central Bank of Nigeria said it has concluded plans to increase the amount of foreign exchange allocated to banks…
Out Of Recession Into Stagflation
Amidst the counter accusations of money printing by the two Godwins, denial by the National Economic Council, and statement by…
Twitter Ban: Nigeria’s Economy Declines By Over N2billion In One Day
The Nigerian economy may have declined by over 2billion Naira in just one day of Twitter ban. This is if…
FIRS Introduces Online Naira Tax-Filing Platforms
The Federal Inland Revenue Service (FIRS) has introduced a new Tax Administration Solution (TaxPro-Max) to ease tax compliance and modernise…
Nigeria To Save $3bn From Petroleum Imports Annually – Emefiele
The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually…
Local, Foreign Banks Invested $10b In Dangote Refinery – Emefiele
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and…
Nigeria’s Suspension Of Our Operations Deeply Concerning – Twitter
Twitter has expressed “deep concern” over the federal government’s decision to suspend its operations in Nigeria. Sarah Hart, Twitter’s senior…
NCC, Telcos Block Access To Twitter In Nigeria
Telecommunications operators have blocked access to the social media platform, Twitter in Nigeria. The telcos, under the aegis of the…
FG Suspends Twitter’s Operations In Nigeria
The Nigerian Government has suspended Twitter Operations in Nigeria. This was announced on Friday by the Minister of Information and…
Oil Rises Towards $72 On Demand Prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Customs Agents Suspend Strike At Onne Port
The Area 2 Branch of the Association of Nigerian Licensed Custom Agents has suspended its strike over disagreement with the…
ABCON Bans Street Trading Of Foreign Currencies
The Association of Bureaux De Change Operators of Nigeria (ABCON) says it will launch an “Operation No Street Trading” to…
Nigeria Home To 9,100 Dollar-Millionaires, Worth $207bn – REPORT
Nigeria has recorded about 9,100 high net worth individuals (HNWIs) each with minimum net assets of one million dollars and a…
Freight Forwarders Endorse Review Of Charges By PTML
Freight forwarding associations at the Ports and Terminal Multipurpose Limited (PTML) Terminal, Tin Can Island Port Complex, Lagos, have expressed…
Passengers Suffer Check-In Delays As SITA Withdraws Service
Check-in for hundreds of international air travellers to various destinations was on Tuesday delayed for several hours when the airlines…
CBN Anchor Borrowers Programme Benefits Over 3 Million Farmers
CBN, he said, shall continue to sustain its interventions in the critical sectors of the economy, particularly in Agriculture, Manufacturing,…