Oil Value Leaps To $68 After Days Of Misfortunes
The global oil benchmark, Brent crude, bounced on Monday, snapping a seven-day losing mark that was unrefined’s most exceedingly awful since 2019, as the dollar pulled back and dealers bet the recent selling was overdone. Brent, against which Nigeria’s crude oil is priced, rose by $3.58 to $68.76 per barrel as of 8:05pm Nigerian time […]
Digital Currency: Nigeria Positions Sixth On Reception In Spite Of CBN Boycott
Nigeria is the sixth driving country on the planet as far as digital currency reception is concerned. A demonstration of the flexibility of shared financial frameworks since the Central Bank of Nigeria prohibited cryptographic forms of money. According to the Chain analysis’ 2021 Global Crypto Adoption Index published on Wednesday, global adoption of crypto assets […]
Dangote’s Fortune Increases To $17.8bn, Only Nigerian On Bloomberg’s Top Billionaires’ List
Africa’s richest man, Aliko Dangote, has significantly moved up in the World billionaires’ list as his fortune increased to $17.8 billion as against last year’s $14.8 billion to emerge as the only Nigerian in the Bloomberg’s yearly top billionaire lists. Other Africans on the lists are three South Africans. They are Johann Rupert and family, […]
CBN Recuperates N89bn Surplus Bank Charges, Illegal Charges On Customers
The Central Bank of Nigeria, CBN, has revealed that it has so far recuperated N89.2 billion excess and illegal charges slammed on customers by banks in Nigeria. Meanwhile, the Apex bank moreover said that Nigeria’s cash-related framework is sound, serious, and stable in opposition to bits of snitch in obscure quarters. The CBN Governor, Godwin […]
Twitter’s Dorsey Leads $29bn Buyout Of Lending Pioneer Afterpay
Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm. The takeover underscores the popularity of a business model that has upended consumer credit by charging merchants a […]
CBN Orders DMBs To Sell FX To Customers
The Central Bank of Nigeria, CBN, has ordered Deposit Money Banks, DMBs to sell foreign exchange (FX) to customers. CBN disclosed this in a letter to all banks reminding them to set up teller points at designated branches across the country to fulfill legitimate FX requests by customers. The regulator, on Tuesday, has announced the […]
Apple, Microsoft, Google’s Profits Soar As Pandemic Boom Continues
Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30 June as customers bought pricier 5G iPhones. Microsoft saw a $16.5bn profit at the same time – up 47% year-on-year, due to demand for cloud […]
Nigeria Lost N53.26bn To Gas Flared In Two Months – NNPC
Nigeria lost an estimated N53.26bn in the initial two months of this current year as global oil organizations and neighborhood players erupted an aggregate of 33.04 billion standard cubic feet of flammable gas. The oil companies wasted 17.53 billion scf of gas in February, compared to 15.51 billion scf, according to data obtained from the […]
Lagos Invests N103bn To Encourage MSMEs, Extends Loan
The Lagos State government has invested N103 billion in infrastructure to provide downstream contracts for micro, small and medium enterprises (MSMEs). It added that it has extended the tax filing deadline for MSMEs by 60 days and the loan moratorium by 90 days to ease MSMEs’ working capital challenges. The governor, Babajide Sanwo-Olu, disclosed at […]
Paradigm Shift: Women Take Great Leap In Nigeria’s Banking Sector
The banking industry has made a dramatic leap in its Nigerian Sustainable Banking Principles (NSBP) with the recent appointments of two females as Chief Executive Officers (CEOs). The coming on board of the CEOs, Mrs. Miriam Olusanya for Guaranty Trust Bank (GTBank) and Mrs. Yemisi Edun for First City Monument Bank (FCMB) Limited, marks an […]
