BankingEconomy

Businesses will at no instance object to e-Naira, CBN warns

In view of the CBN preparedness to launch the pilot phase of the CBDC by October 1, the apex bank has reiterated to businesses and the general public to comply with e-Naira as a legal means of payment, as such… Continue Reading…

BankingEconomy

Investigation shows that customers scam banks with fake Visas, Travelling tickets to obtain Forex

Following a decision by the Central Bank of Nigeria to suspend the sale of forex to the BDCs, while enabling availability and supply at all time to Nigerians who are in need of FX, a twist seems to have circumvented… Continue Reading…

BankingEconomy

Naira closed at N413.68 per USD which indicates a loss at the official market

Naira failed against the US dollar on Monday at the official market, an occurrence triggered by a shortfall in foreign exchange supply. In the FMDQ exposition naira closed at N413.68 per USD. However, this shows a N0.80/0.2% shortfall having exchanged… Continue Reading…

BankingEconomy

CBN deepens Nigeria’s FX crisis – World Bank

CBN deepens Nigeria’s FX crisis – World Bank The Central Bank of Nigeria has been faulted for the foreign exchange crisis bedeviling the Nigeria’s economy in a recent statement by the World Bank. Following its bi-annual Development update, according to… Continue Reading…

EconomyInvestment

Bitcoin excites for the first time in June, hits over $40,000 mark

Bitcoin excites for the first time in June, hits over $40,000 mark The past few weeks have not been the best of times for the flagship cryptocurrency after the Tesla C.E.O Elon Musk announced that his company has suspended the… Continue Reading…

Economy

Nigerians will take the lead in Bitcoin transactions despite crypto ban – Jack Dorsey

Nigerians will take the lead in Bitcoin transactions despite crypto ban – Jack Dorsey Jack Dorsey – Twitter boss “Jack Dorsey” has expressed immense confidence on the future of bitcoin in Nigeria. According to Jack: Nigeria will lead the charge… Continue Reading…

Economypersonal finance

How conditional cash transfer is reducing poverty in Delta State – Okowa

DELTA State Governor Ifeanyi Okowa has said the Federal Government’s Conditional Cash Transfer Programme in the state will complement his administration’s efforts at fighting poverty. Okowa spoke on Monday at the kick-off ceremony for the Conditional Cash Transfer (CCT) Scheme… Continue Reading…

Economy

Airports, Banks, other sectors to shut down as labour protest begins on Monday

The Organised Labour in Lagos State has said all sectors including aviation, banks and others would be shut as workers would take to the streets to protest on Sept. 28. The Deputy Vice President, Nigeria Labour Congress, Mr Amaechi Asogwuni,… Continue Reading…

433,000 Nigerians

Economy

433,000 Nigerians, businesses set to receive N50k, N30k each – FG

Tola Johnson, Special Assistant to President Muhammadu Buhari on Micro Small and Medium and Medium Enterprises(MSMEs), says 100,000 small businesses will get N50,000 each. NAN reports that the gesture is part of COVID-19 economic stimulus. The presidential aide made the… Continue Reading…

Sacking and slashing salaries

Economy

Atiku urged N/Assembly to stop employers from sacking and slashing salaries

Sacking and slashing salaries – The ex-Vice President, in a statement on Thursday to mark the occasion of May Day, said; “It will not be asking for too much to urge the National Assembly to forbid any employer of labour… Continue Reading…

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