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Article 'CBN: Dangote Refinery to Lower Transportation Costs and Food Inflation'- Wakanda
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![Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market](/data/attachments/208/208398-6b420ca64d95293fadcf9548ce69b3bb.jpg?hash=PERHMQHP25)
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
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Nigeria NDIC Reveals BVN Discrepancies Delaying Heritage Bank Customer PayoutsIt's information is clear and prompt.
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Nigeria CBN’s 27.25% Interest Rate Hike: How It Affects Inflation, SMEs, and the Naira
Nigeria's recent interest rate hike to 27.25% aims to curb inflation and stabilize the naira but poses challenges for businesses. The increased borrowing costs could reduce expansion and raise unemployment. Meanwhile, FX inflows may rise, stabilizing the naira, and savers benefit from higher...
Goldman Sachs anticipates strengthening of the Nigerian naira against the US dollar over the next twelve months, projecting an exchange rate of 1200 in the short term. The New York-based investment bank attributes this positive outlook to recent policy reforms aimed at supporting the currency's...
MTN Nigeria's Chief Financial Officer, Mr. Modupe Kadri, revealed in an exclusive interview with Nairametrics that the company invested over $120 million in expanding 5G coverage in the last two years. These investments boosted 5G coverage from 3% in 2022 to 11% in 2023, with plans for further...
The Nigerian Naira fell to N1,620 against the US Dollar at the parallel market, marking a N20 decrease from the start of March.
Bureau de Change operators quoted buying at N1,600 and selling at N1,620. The official exchange rate saw the Naira dip to N1,627.40 against the Dollar, a 1.57% fall...
In response to widespread public concern over the soaring prices of cement, major manufacturers, including Dangote, BUA, and Lafarge, engaged in a meeting with the Federal Government. The gathering, spearheaded by the Minister of Works, David Umahi, and attended by the Minister of Industry...
Nigeria
Awolowo Prize for Adesina: Presidents and Dignitaries Unite in Applause for Pan-African Leadership
Serving and former African leaders, including President Samia Suluhu Hassan of Tanzania and Ethiopian President Sahle-Work Zewde, joined in praising the exceptional leadership of Dr. Akinwumi Adesina, President of the African Development Bank (AfDB).
Adesina recently clinched the prestigious...
Nigeria
Binance Executives Face Arrest as House Committee Digs into Cryptocurrency's Alleged Financial Crimes
The House of Representatives has undertaken a motion to investigate the potential national security implications arising from cryptocurrency and digital asset transactions. The inquiry also extends to scrutinizing the e-naira's current status on the global cryptocurrency platform, including the...
Bitcoin soared to a new all-time high of $69,200 on Tuesday, driven by a surge in value since US regulators greenlit spot Bitcoin exchange-traded funds (ETFs) in January. The approval by industry giants like Fidelity and BlackRock led to an influx of more than $7.5 billion into the newly...
Meta's major platforms – Facebook, Instagram, and Messenger – are facing a worldwide outage, causing frustration for users globally. The disruption began around 10:20 am ET, leaving hundreds of thousands unable to log in and connect.
According to DownDetector, more than 200,000 Americans are...
Nigeria
Regulatory Crackdown: Bank of Ghana Halts Operations of First Bank and GTB for One Month Due to FX Irregularities
The Bank of Ghana has suspended the foreign exchange (FX) trading licences of two major Nigerian-owned banks, First Bank of Nigeria and Guaranty Trust Bank (GTB). This decision, effective from March 18, 2024, comes in the wake of fraudulent documentation practices observed during the operations...
The cryptocurrency landscape in Nigeria is facing a seismic shift as Binance, a global crypto exchange giant, announces its departure from the market, ceasing services in the local currency. This unexpected development has triggered a cascade of reactions within the local crypto community...
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