Dollar rises to N522 after CBN suspends sales of forex to “Bureau De Change” operators
The CBN governor, Godwin Emefiele, after the bank’s Monetary Policy Committee meeting, had accused BDC operators breaching the objectives
CBN bans sale of forex to BDCs, suspends issuance of licence to money changers
The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency
Nigeria Government extends NIN-SIM verification deadline till July 26
The Federal Government has approved the extension of the deadline for NIN-SIM data verification to July 26, 2021. The Director, Public Affairs Nigerian Communications Commission, Ikechukwu Adinde; and the Head, … Continue Reading Nigeria Government extends NIN-SIM verification deadline till July 26
CBN to launch own digital currency by year end – Official
The official said another reason the apex bank plans to come up with digital currency is to make remittances travel easier from abroad to Nigeria.
Mobile subscribers must submit IMEI number from July— says NCC
The Nigerian Communications Commission (NCC) says mobile subscribers must submit the international mobile equipment identity (IMEI) of their phones from July. The IMEI is an identity number used to uniquely … Continue Reading Mobile subscribers must submit IMEI number from July— says NCC
FG extends NIN-SIM linkage deadline till June 30
This is contained in a statement co-signed by Director, Public Affairs, Dr. Ikechukwu Adinde, Nigerian Communications Commission (NCC) and Head, Corporate Communications, Mr Kayode Adegoke National Identity Management Commission (NIMC). … Continue Reading FG extends NIN-SIM linkage deadline till June 30
How BVN can be used to scam, steal money from your bank accounts
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
Despite lockdown, Lagos IGR top 28 states combined in 2020
The internally generated revenue (IGR) recorded by Lagos state in 2020 is higher than 28 other states combined. This is despite lockdown measures imposed in the state due to COVID-19. … Continue Reading Despite lockdown, Lagos IGR top 28 states combined in 2020
US Senate introduces new legislation to counter China
New bill addresses economic competition with China while also addressing human rights concerns over Xinjiang, Hong Kong.
Nigeria needs solid digital economy to drive growth – CBN Governor
He spoke recently during a seminar in Lagos while speaking on the theme ‘Leveraging the digital economy to drive growth, job creation and sustainable development.
Lawan, Gbajabiamila praises Buhari for near-zero economic growth
“Our economy has grown – the Gross Domestic Product – by 0.1 per cent and that is remarkable,” Senate President Ahmed Lawan said.
Nigeria out of recession with 0.11% growth
Nigeria’s economy grew by 0.11 percent in the fourth of 2020. This comes after two consecutive quarters of negative growth which result in a recession. “Nigeria’s gross domestic product (GDP) … Continue Reading Nigeria out of recession with 0.11% growth
Naira suffers more devaluation, now change for N409 to $1
The market closed at N406.54 to a dollar on Tuesday, depicting a drop by N1.41 compared to N405.13 to a dollar traded on Monday.
CBN Bans Buying And Selling Of Bitcoin, Other Cryptos Currency In Nigeria
In 2020, crypto marketplace Paxful reported that Nigeria had the world’s second-largest Bitcoin by trading volume.
Sale Of Govt Assets Will Benefit Nigerians, Boost Economy – Finance Minister
The Minister of Finance, Zainab Ahmed, on Friday, said the Federal Government’s planned sale of public assets will benefit Nigerians and help to boost the economy. In an appearance on … Continue Reading Sale Of Govt Assets Will Benefit Nigerians, Boost Economy – Finance Minister
Biden moves to have US rejoin Paris Accord, halt Arctic leasing
Hours after he was sworn in as the 46th president of the United States, Joe Biden took steps to undo some of President Donald Trump’s environmental policies. United States President … Continue Reading Biden moves to have US rejoin Paris Accord, halt Arctic leasing
