The Nigerian official currency, Naira has fallen against dollar for the first time in February 2022 the new year, after maintaining N570/per $1 at the black market since January 20, 2022. This…
Category: Business
Zuckerberg loses $29bln, Bezos gains $20 bln in a day
Reuters/NAN Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s (FB.O) stock marked a record one-day plunge. Meanwhile, fellow billionaire Jeff Bezos was set to add $20…
Airtel’s Free Data For Subscribers To Access Audio Streaming (Check Here)
Airtel Nigeria has announced a partnership with global audio streaming service, Spotify to provide music lovers across Nigeria with daily complimentary data to access the Spotify platform. VAM NEWS gathered that under…
Here’s how to report your bank when displeased – CBN reveals
Central Bank of Nigeria has released a guide for bank customers and others on how and where they can lodge complaints against financial institutions regulated by it. The financial institutions…
Nigeria: CBN Pushes To Crash Prices Of Building Materials
In an apparent move to ensure affordable housing in Nigeria, the Central Bank of Nigeria (CBN), has pledged to support the manufacturing sector in order to crash the prices of building materials….
CBN Minimizes ATM Charges, Inter-bank Transfer Fees
ATM withdrawal charges and inter-bank transfer fees have been reduced by The Central Bank of Nigeria (CBN). This was announced after the Central Bank of Nigeria (CBN) issued a downward…
CBN holds interest rate at 11.5%, other parameters constant — ‘Inflation will drop in 2022’
The monetary policy committee of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5 percent. The monetary policy…
UPDATE: Dangote oil refinery to begin processing 540,000bpd in Q3
Dangote Industries Limited has said its oil refinery will start processing crude in the third quarter of this year. The President, Dangote Industries, Aliko Dangote, said the plant would start…
Pan-African payment platform will reduce use of dollars, pounds in continent’s trade –Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the pan-African payment and settlement system (PAPSS) will simplify cross-border transactions and reduce third currencies for intra-African trade. …
Nigeria loses N630.57bn to Twitter ban – Netblocks
Nigeria lost a whopping N630.57 billion in seven months of ban on Twitter operations in the country just as US, UK, EU welcome its return to Nigeria. This is according…