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Bitcoin rises above $40,000 — first time since mid-June
Bitcoin, the world’s largest cryptocurrency by market capitalisation, surged above $40,000 — for the first time since mid-June. The price of the cryptocurrency traded 7.1 percent…
CBN directs banks to establish teller points for legitimate FX requests
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points to meet legitimate foreign exchange (FX) demands. This…
FDC: Ending FX Sale to BDCs Disrupts ‘Juiciest Economic Racket’
By putting an end to the sale of foreign exchange (FX) to Bureau De Change (BDC) operators, Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has “disrupted one…
Naira falls to N522/$1 at parallel market as CBN stops forex sale to BDCs
The naira has dropped to N522 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) discontinued the sale of foreign exchange (FX) to Bureaux De Change (BDCs) operators…
Oando’s Share Price Jumps Following Settlement with SEC
The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23, 2021, to N4.36…
CBN Releases $200m to Banks to Quell FX Speculation
The Central Bank of Nigeria (CBN) yesterday released a total of $200 million to all commercial banks in the country as part of efforts to meet dollar demand…
N2trn worth of petrol consumed in 12 months, says NNPC
The Nigerian National Petroleum Corporation (NNPC) says consumers in the country spent N2.07 trillion in 12 months (February 2020-2021) on the consumption of premium…
THE INSIDER: CBN allocated $5.7bn annually to BDCs amid plunging reserves
At the end of the monetary policy committee meeting in Abuja on Tuesday, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the discontinuation of foreign exchange…
Anthony Stimler, former Glencore trader, pleads guilty over oil bribery scheme in Nigeria
Anthony Stimler, a former UK-based trader for Glencore Plc, has pleaded guilty to participating in an international scheme to bribe officials in Nigeria to win favourable contracts from…
Dangote’s $1bn cement plant set to commence operations in Edo
Dangote Cement is set to commission and commence operations on its $1 billion production plant, which has been completed in Okpella, Edo state. The plant, which sits on a…
Nigerian banks are safe – CBN
The Central Bank of Nigeria has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision. A…
FIDELITY BANK ’s GAIM SEASON 4 PRODUCES NEW MILLIONAIRES AS 15 CUSTOMERS GET N39M
Yesterday Thursday, Fidelity Bank Plc conducted the 6th/Final draw of the Get Alert in Millions (GAIM 4) Season 4 Savings promo where a total cash wins of N39m was given to 15 customers…
Dangote, Others Drive Equities Gain By N330bn
The equity market of the Nigeria Exchange Limited resumed from the Sallah holidays to a positive performance as market capitalisation rose by N329.7 billion to N20.1 trillion.…
Lebron James becomes first active NBA player to earn $1bn
A New Legacy opened this past weekend to tepid reviews—no different than the original 1996 cult classic—but moviegoers embraced the family-friendly fare. The movie’s star and…
CBN to launch digital currency on Independence Day
The Central Bank of Nigeria (CBN) has perfected plans to launch its own digital currency on October 1, 2021. According to information made available to Nairametrics, the…
Cooking gas price soars to N500/kg, retailers, consumers lament
The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per kilogramme, forcing some Nigerians to turn to alternatives such as charcoal,…
Bitcoin rises to $32,431, Musk says Telsa watching currency
Tesla Chief Executive Officer, Elon Musk, has said he personally owns bitcoin, ethereum, and dogecoin. He said that he would like to see bitcoin succeed. He said this during a bitcoin…
Fidelity Bank MD’s Visit to Lord’s Chosen Charismatic Revival Church
The Executive Management of Fidelity Bank Plc, led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe recently paid a courtesy visit on the General Overseer, Lord’s Chosen Charismatic…
Africa’s Best Bank: Guaranty Trust Dominates at Euromoney’s Awards for Excellence 2021
Africa’s leading financial services institution, Guaranty Trust, has been named Africa’s Best Bank 2021 by Euromoney, the premier information authority on global finance.…
BREAKING: Oando enters settlement with SEC, agrees to withdraw all cases in courts
Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital…
Family Homes Funds issues N10bn bond — Nigeria’s first corporate Sukuk
The Family Homes Funds Limited has issued a seven-year N10 billion corporate Sukuk, the first ever in the country. This is the first Sukuk to be registered by the Securities…
Instagram for customer support, Facebook for wider reach… businesses adopt alternatives amid Twitter…
Over one month since the ban was announced — and with the outrage simmering — businesses appear to be getting used to a life without Twitter; adapting to new…
We’re yet to renew Airtel operating license, says NCC
The Nigerian Communications Commission (NCC) said the operating licence of Airtel Nigeria is undergoing the process of renewal. The Commission, in a statement by its Director of…
Toast to Women In Leadership: Linda Ikeji Pays Courtesy Visit to Fidelity MD
Two beautiful amazons and consummate professionals in their respective fields of endeavor (banking and media) met in what many have described as a toast to women in leadership to not…