The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital currency inclusion....
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Breaking: FAAN launches Taxi App to check illegal car hire
The Federal Airports Authority of Nigeria (FAAN) on Wednesday in Abuja launched the FAAN Taxi App to facilitate seamless taxi-hailing at the airport and even downtown. The FAAN app will have all taxi...
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Naira to Dollar reaches N600 to $1 ahead party primaries
Ahead of party primaries in Nigeria, dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window...
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Nigeria among 44 countries meeting in El Salvador to discuss Bitcoin– Report
Nayib Bukele, president of El Salvador, has announced a meeting of 44 countries to discuss Bitcoin and several topics. The meeting will take place in El Salvador today. The president announced this...
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Dollar to Naira exchange rate today as forex shortage lingers
The naira sunk further, an exchange to the dollar now sit at 595/dollar on Friday at the parallel market. Some bureau de change operators who spoke with the punch correspondent said the dollar was...
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Customers To Pay More For Data, Calls, Messages As Telecoms Mull 40% Tariff Hike
Telecommunication companies have said they are considering an increase in tariffs paid by subscribers for voice calls, short message services (SMS) and data. The companies made this known through their umbrella body Association of...
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Obi Cubana Reveals His Source Of Wealth
Chief Obinna Iyiegbu, popularly known as Obi Cubana, has said he is not a drug baron as is being insinuated on some online media platforms. In a statement, yesterday, Cubana warned those using his...
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What Nigerian banks charge you for borrowing
Nigerian banks are charging an average interest rate of between 4 percent and 36 percent on loans given to customers in various sectors of the economy, especially agriculture and forestry, manufacturing and education. This...
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1 Minute
Dollar exchange: Naira loses again at official market
Naira fell yet again against the U.S. dollar at the official market on Thursday, extending its decline to two consecutive days at the spot market. It closed at N419.50 to a dollar, implying a...
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Naira Sheds Weight across FX Markets ahead of Easter break
The Nigerian local currency, naira, falls at the official foreign exchange and also weakened in the parallel market ahead of the Easter celebration due to demand pressures amidst dollar scarcity. At the investors’ and...
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