The Central Bank of Nigeria has again postponed the meeting of its monetary policy committee despite the surge in inflation. This is according to a report by Bloomberg on Monday, which…
Category: Business
Dollar rise #200 to Naira as of Friday’s market
VOICE AIR MEDIA News Update Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on Thursday. Official data from FMDQ showed that…
BREAKING: Banks’ USSD debt to telcos hits N200bn
Banks now owe telecommunication firms N200bn for Unstructured Supplementary Service Data services. This is following a slowing of negotiations between the banks and telcos. Telecom operators disclosed this on Thursday at…
Nigeria extends use of old N200, N500, N1000 notes
VOICE AIR MEDIA News Update THE Central Bank of Nigeria, CBN, has said that the old naira banknotes will remain a legal tender. VOICE AIR MEDIA reports that the CBN had introduced…
Inside Nigeria: Details Emerge As Money Scarcity Worsens
VOICE AIR MEDIA News Update Naira scarcity is biting harder across the country as banks have limited cash withdrawals. Residents of Lagos, Abuja, Kano, Katsina, Jigawa and Adamawa and in other parts…
Naira hits N780/$ at official market
THE naira, on Friday, closed at N780.14 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window. The rate represents a recovery of 21.73 percent from…
BREAKING: Dangote refinery secures licence to refine 300,000bpd crude
Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. …
How We’re Protecting Users From Fraud – PalmPay
A Fintech Company, PalmPay, says the upsurge in fraud cases in Nigeria’s financial services sector calls for improvement in the security and safety of fintech apps. PalmPay’s Head, IT and Payments,…
LCCI praises Dangote for creating jobs, reducing poverty
The Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, lauded the contributions of Dangote Industries Limited (DIL) to poverty reduction efforts of the Federal government, especially the massive employment opportunities for…
Honeymoon ends as Naira Weakens on Nigeria’s Streets
VAM News update THE naira on Wednesday weakened to N1,135 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents N15 or 1.35 percent depreciation compared to…