Business
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Naira Crashes To N522 To A Dollar After CBN Bans Forex Sales To BDCs
Naira fell against the U.S dollar at the parallel market on Wednesday, July 28, 2021, after the Central Bank of Nigeria, CBN, announced that...
CBN Stops Selling Forex To Bureau De Change Operators
The Central Bank of Nigeria, CBN, has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect.
Godwin...
Nigeria To Launch Digital Currency October 1
The Central Bank of Nigeria, CBN, has announced that it will be announcing its own digital currency on October 1, 2021.
CBN's IT Director, Rakiya...
Food Scarcity Looms Over Destruction Of Farms
As the rainy season sets in properly, there seems to be a looming food scarcity in Plateau State, as Governor Simon Lalong on Saturday,...
Only Dangote, Flour Mills And BUA Are Allowed To Import Sugar – CBN
The Central Bank of Nigeria, CBN, on Friday, July 16, 2021, limited the importation of sugar into the country to three companies: Dangote Sugar...
Amazon Founder, Jeff Bezos Steps Down As CEO
Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over daily leadership of the company as it navigates a world fighting to...
Nigerias Equity In Dangote, Other Refineries Will Guarantee Security – Presidency
Timipre Sylva, the minister of state for Petroleum Resources, says the Federal Government decision to acquire a 20 percent equity stake in all private...
Nigerian Gov’t Pays N9.68 Billion Petrol Subsidy Daily – NNPC
Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation, NNPC, has disclosed the open price of premium motor spirit, petrol, has...
Twitter Ban Costs Nigeria N7.5 Billion In 3 Days
The suspension of Twitter, a leading micro-blogging platform, has begun to take its toll on struggling Nigeria’s economy, leading to a loss of N7.5...
Nigerian Gov’t Charges Citizens N6.98 For USSD Transactions
Many users of USSD services in Nigeria on Friday, June 4, 2021, started to see a notice to pay N6.98 for each transaction session.
USSD...
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One Killed As APC Congress Turns Bloody In Ekiti
The ruling All Progressives Congress, APC, ward Congress in Ekiti State was on Saturday, July 31, 2021, characterised by violence and shooting as polling...
