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CBN Reaffirms Commitment to Financial Stability Amid Social Media Criticisms

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The Central Bank of Nigeria (CBN) assured the public yesterday of its commitment to maintaining the stability of the financial system and the safety...
Business

Naira Depreciates in Parallel Market but Appreciates in NAFEM

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Yesterday, the Naira depreciated to N1,685 per dollar in the parallel market, down from N1,660 per dollar on Monday. Conversely, in the Nigerian Autonomous...
Business

Foreign Capital Importation in Nigeria Sees Significant Increase

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Foreign capital importation into Nigeria rose dramatically by 152.8% Year-on-Year (YoY) to $2.6 billion in the second quarter of 2024 (Q2’24), up from $1.03...
Business

Federal Government’s Deficit Spending Increases by 28% in H1’24

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The Federal Government's (FG) deficit spending has surged by 28% year-on-year (YoY) to ₦8.44 trillion in the first half of 2024 (H1’24), up from...
Business

THE LEGAL STATUS OF CRYPTOCURRENCY WORLDWIDE: A LOOK AT 10 COUNTRIES THAT ACCEPT IT AS LEGAL TENDER

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The global discourse surrounding the legalization of cryptocurrency continues since its remarkable debut in 2009 with Bitcoin, the renowned crypto coin that transformed many...
Business

SELL-OFFS IN MTN NIGERIA AND BANKING STOCKS RESULT IN MARKET DECLINE

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On Tuesday, the Nigerian Exchange Ltd. (NGX) experienced a decline in market capitalization due to sell-offs in MTN Nigeria and Tier-one banking stocks, shedding...
Business

NAIRA APPRECIATES BY N73.39 IN OFFICIAL MARKET

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The Naira appreciated by N73.39 at the official market on Tuesday, trading at N1,561.76 to the dollar. This increase, as reported by the official...
Business

REDEEMER’S UNIVERSITY INAUGURATES RUN MICROFINANCE BANK LTD

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nd local communities, promoting economic growth and well-being. This microfinance bank is a testament to our university’s dedication to fostering socio-economic development.” Dr. Daniel Ogun,...
Business

FORMER APC PRESIDENTIAL ASPIRANT CRITICIZES CBN’S FOREX POLICY

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Chief Charles Udeogaranya, a former presidential aspirant of the All Progressives Congress (APC), has voiced strong objections to the Central Bank of Nigeria’s (CBN)...
Business

TOP FIVE COUNTRIES DRIVING HALF OF AFRICA’S GDP IN 2024

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According to the International Monetary Fund (IMF), Africa’s combined GDP of $2.8 trillion in 2024 is powered by the economic strength of its top...
Business

OPAY UNVEILS LARGE TRANSACTION SHIELD FOR ENHANCED SECURITY

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OPay, one of Nigeria's leading financial institutions, has introduced the groundbreaking Large Transaction Shield feature, aimed at providing users with superior control and protection...
Business

IN TODAY’S WORLD, ANYTHING YOU DO ONLINE THAT APPEARS UNPROFESSIONAL OR EVEN CONTROVERSIAL HAS THE POWER TO HARM YOUR REPUTATION.

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In today’s digital world, your online presence has a significant impact on your reputation. Anything unprofessional or controversial you post online can quickly damage...
Business

GTCO Addresses Smear Campaign and Denies Allegations

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GTCO (Guaranty Trust Holding Company) released a statement on Friday night in response to a series of smear media reports alleging financial and regulatory...
Business

CBN Reports $543.5 Million Sold to Authorised Dealer Banks

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The Central Bank of Nigeria (CBN) announced that it sold $543.5 million to authorized dealer banks between September 6 and September 30. The information...
Business

Google Reports AI Could Contribute $15 Billion to Nigeria’s Economy by 2030

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On Thursday, Google revealed findings from a recent study conducted by Public First, indicating that Artificial Intelligence (AI) could contribute approximately $15 billion to...
Business

Call for CBN to Adjust Monetary Policy to Support Nigeria’s Real Sector

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The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has urged the Central Bank of Nigeria...
Business

Nigerian Stock Market Faces Significant Losses Amid Economic Pressures

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The Nigerian stock market has recently experienced a sharp decline, resulting in a loss of over N539 billion in investor value. The total market...
Business

MY ECURRENCY NIGERIA CELEBRATES FOURTH ANNIVERSARY

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My Ecurrency Nigeria recently marked its fourth anniversary with a special lunch held for customers and ambassadors in Ikeja, Lagos. The event celebrated the...
Business

Google Report Highlights AI’s Economic Potential in Nigeria

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On Thursday, Google announced findings from a recent study by Public First, indicating that Artificial Intelligence (AI) could contribute approximately $15 billion to Nigeria's...
Business

JOIN FANCY WIN FOR AN UNMATCHED BETTING EXPERIENCE!

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Discover Fancy Win Fancy Win is one of the largest and most popular bookmakers in Bangladesh and India. This gaming portal provides a variety of...
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