The Nigerian Naira hit a new time low on Wednesday September 15, as it is now exchanging between N562 and N570 for 1$ in parallel markets. Though data recorded on the FMDQ … Continue Reading Naira slips further, now exchanging between N562 and N570 for 1$
Trading at the domestic bourse started the week on Monday still on negative mood, taking the bearish sentiment to six consecutive trading sessions. The price depreciation was due to profit-taking … Continue Reading Nigerian Stock Exchange on negative run, down by N3 billion
The Federal High Court, Abuja, on Tuesday, granted the request of Bamboo Systems Technology Limited and Bamboo Systems Tech. Ltd., to partially vary the freezing order made against them. The … Continue Reading CBN set to unfreeze Bamboo accounts to enable salary, rent payment
The NNPC boss disclosed this on Monday during an interview on Bloomberg TV Global Financial News monitored by PUNCH
Brent, against which Nigeria’s crude oil is priced, rose by $3.58 to $68.76 per barrel as of 8:05pm Nigerian
The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency
The agency established to enforce Sharia law in some states recently banned stylish haircuts, sagging of trousers, and playing of music at social events by disk jockeys.
The Naira has crashed to a four-year low in the parallel market after the Central Bank’s efforts to coax banks to sell more Dollars to customers failed to bridge the … Continue Reading Naira crashes to 4-year low, the weakest since 2017
Tesla’s chief executive officer Elon Musk has hinted that the electric carmaker may accept Bitcoin (BTC/USD) again as payment for its products. Bitcoin reacted with a 13% pump within 24 hours of his announcement. However, … Continue Reading Tesla Could Start Accepting #Bitcoin Again – Elon Musk
Quality Ceramics Limited is sited at Ikot Ebom and Ikot Ekwere Itam, in Itu Local Government Area of Akwa Ibom State. Utip, who is the Chief Executive Officer, Dimmo Investment … Continue Reading Investors set to revamp Akwa Ibom’s Quality Ceramics company with N900m
The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired … Continue Reading CBN sacks First Bank directors
As a Nigerian, getting funds into your bank account is one of the hardest things owning to the harsh economy. And of course, when you finally find a means to … Continue Reading How BVN can be used to scam, steal money from your bank accounts
Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by Sunday PUNCH have shown. Specifically, the … Continue Reading CBN, SEC fine 10 banks N2.5bn over irregularities, among others
An employee rides a scooter to deliver groceries from ‘Fridge No More’ in Brooklyn Like millions of people around the world, Yuri Nekrasov stopped going to the grocery store every … Continue Reading Game Changer: Moscow, New York, Witness Fast delivery Amid Pandemic
He said while a bag of cement sells for an equivalent of $5.1, including value added tax (VAT) in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of taxes.
South African Company, Shoprite Holdings Limited, has announced that the sale of its Nigerian outlets was being concluded. The company said it would shut down operations in the country by … Continue Reading Shoprite concludes plan to exit Nigeria market – CEO