Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This followed the new directive of the…
Category: Business
Jubilation as 160 Nigerian youths bag $1.2million grants
VAM News Update At least 160 Nigerian youths have received a $1.2 million grant from the Nigeria Youth Futures Fund (NYFF) for different projects across Nigeria. Jamila Ibrahim, the Minister of Youth…
Panic As Opay App Shuts Down
VAM News Update Fintech company, Opay, has been down for over an hour as Nigerians cannot send money through its app on Monday evening. This is even as Nigerians have gone to…
Panic As Naira Scarcity Hits Osun, ATMs Run Dry
VOICE AIR MEDIA News Update Over the weekend, customers of some commercial banks in Osogbo, the Osun State capital, expressed dissatisfaction with the poor services provided by Automated Teller Machines (ATMs). Findings…
BREAKING: Ecobank grows earnings to N1.21tn
Ecobank Group grew its gross earnings by 59 per cent to N1.21tn at the end of September 2023 from N761.29bn as of the same period in 2022. This was indicated in…
Old, New Naira Notes Remain Legal Tenders Until Further Notice – S’Court
VAM News Update THE Supreme Court has ruled that both the old and the new naira notes of N200, N500 and N1,000 remain valid legal tenders until further notice. In a ruling…
Nigerian Investors reportedly raises $94bn climate capital
It has been revealed that retail investors are able to raise $94bn towards climate change financing in Nigeria by 2030. This was revealed in Standard Chartered’s latest Sustainable Banking Report 2023,…
Naira appreciates against Dollar
VAM News Update Nigeria’s currency, the Naira, appreciated against the US Dollar on Friday at the foreign exchange market. Official data from FMDQ disclosed that the Naira appreciated N794.89/$1 at the close…
Naira Plunges To N956.33/1 Dollar Amid FX Crisis
VAM News Update THE naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a 13.78 per cent…
Inside Nigeria: Naira depreciates against dollar, loses N81
VAM News Update Nigeria’s currency, the naira, depreciated against the US dollar at the foreign exchange market on Tuesday. Official data from FMDQ showed that the country’s currency exchanged at N830.97 to…