The exchange rate between the naira and the US dollar closed at N415.07/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated on Thursday against the US dollar…
Category: Business
CBN says eNaira will be unveiled on Monday
The Central Bank of Nigeria (CBN) has announced that Federal Government will on Monday, October 25, 2021, unveil its digital currency, known as the eNaira. The apex bank made this known in…
FBN Holdings Reacts To Report Of Femi Otedola’s Takeover
FBN Holdings Plc has reacted to media reports that billionaire businessman, Mr Femi Otedola, has acquired a significant shareholding in the company. The Secretary of the holding company for First Bank of…
Unemployed Graduate Petitions Ogun Commissioner of Police Over Herdsmen Invasion On Farmland
A reporter with Platform Times Newspaper in Ogun state, Fatai Ilyas, has petitioned the state Commissioner of Police, Lanre Bankole, over the alleged invasion of his farmland by some suspected Fulani herdsmen….
itel S17: A smartphone with unbeatable features for users, details emerge
The itel S17 selfie smartphone fits that description with a few more extras to go with. In an exclusive online launch held on 8th of October 2021, some of Nigeria’s biggest stars…
Nigerians will use eNaira Without internet-enabled phones – CBN
The Central Bank of Nigeria (CBN) has disclosed that Nigerians without internet-enabled phones will still make transactions on the eNaira platform. This was disclosed by the apex bank in a document title…
MTN Nigeria rewards subscribers with data, airtime for nationwide outage
The leading Telecommunications company MTN Nigeria has gifted various quantities of data to its customers as compensation for the nationwide outage that occurred on October 9. Several MTN subscribers have reported receiving…
Famous Nigerian Pastor Ibiyeomie Reveals Plans To Become the Richest, Greatest Pastor on Earth
The founder of Salvation Ministries, Pastor David Ibiyeomie, has declared that he will be the richest and greatest man of God in his time. The 58-year old pastor made this declaration during…
Naira tumbles to record low at official market as dollar supply drops by 54%
Thursday, 14th October 2021: The exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where forex is traded officially. Naira depreciated significantly against…
CBN Sends Message To Banks To Review Loans To Oil&Gas, Agric And Other Sectors
The Central Bank of Nigeria (CBN) has ordered commercial banks to review their loan exposure to oil and gas, agriculture, telecommunication sectors among others. The apex bank also stated that the development…