September 21, 2021
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…
September 21, 2021
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…
September 20, 2021
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…
June 16, 2021
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…
June 14, 2021
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…
June 14, 2021
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…
September 29, 2020
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…
September 27, 2020
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…
September 12, 2020
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…
May 1, 2020
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…