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…
Category: Business
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…
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…
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…
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…
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,…
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…
Meet world’s richest man bidding to take over Twitter– Elon Musk
Two decades after banking his first millions, the South-African born Elon Musk last year became the world’s richest person – wresting the title from Amazon’s Jeff Bezos – following the meteoric rise…
Just In: Court fines Zenith Bank N500,000 in landmark judgment over spam messaging
A high court in Ogun state has ordered Zenith Bank Plc to pay N500,000 as damages for sending spam messages to one Omotola Fathiat Quadri. Quadri had, in the…
Just In: CBN grants final PSB approval to MTN
The Central Bank of Nigeria has granted MTN Nigeria Communications Plc final approval to operate its Payment Service Bank. This is coming six months after the apex bank granted approval in…