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BDC OPERATORS REJECT CBN’S NEW LICENSING DIRECTIVE

Jay Fiona -
Bureau De Change (BDC) operators nationwide are strongly opposing the recent directive from the Central Bank of Nigeria (CBN) that requires them to reapply...
Business

TOP 10 AFRICAN COUNTRIES WITH THE HIGHEST DEBT TO CHINA

Jay Fiona -
There are growing concerns as the external debts of most African countries continue to rise, outpacing their economic growth. The International Monetary Fund (IMF)...
Business

NAIRA APPRECIATES ₦3.31 AGAINST DOLLAR IN OFFICIAL MARKET

Jay Fiona -
The volume of currency traded increased significantly, with the total daily turnover rising to $268.17 million on Tuesday from $161.41 million on Monday. The...
Business

Lawyers Accused by NFIU of Collaborating with Criminals to Hide and Invest Illegal Funds

Jay Fiona -
The Chief Operating Officer of the Nigeria Financial Intelligence Unit (NFIU), Dr. Emmanuel Shotande, has expressed concerns regarding lawyers allegedly aiding criminals in investing...
Business

MINIMUM WAGE: N54,000 INSUFFICIENT FOR SUSTENANCE — NLC

Jay Fiona -
The Nigeria Labour Congress (NLC) has firmly stated that the proposed N54,000 minimum wage by the Federal Government would not suffice for any family's...
Business

STANBIC IBTC HOLDINGS TO ORGANIZE 7TH EDITION OF ITS YOUTH LEADERSHIP SERIES

Jay Fiona -
Stanbic IBTC Holdings, a prominent financial services group dedicated to fostering growth and innovation within Nigeria's economic sphere, has announced its eagerly anticipated annual...
Business

DANGOTE LAMENTS: I NEED 35 VISAS TO TRAVEL ACROSS AFRICA; IT’S UNJUST

Jay Fiona -
Aliko Dangote, Africa's wealthiest individual and the CEO and Chairman of Dangote Group, has expressed frustration over the stringent visa requirements hindering intra-African travel....
Business

FOOD INFLATION ESCALATES WITH PRICES SURGING BY 99.22% IN THREE YEARS

Jay Fiona -
Despite the Central Bank of Nigeria's (CBN) recent increase in monetary policy rates, the steady rise in the inflation rate persists, particularly impacting rural...
Business

“Point of Sale (PoS) Operator Voices Concerns Over Unrealistic CAC Registration Deadline”

Efiok Ephraim -
"Mobile money and bank agent, Fasasi Atanda, has raised concerns over the feasibility of the deadline set by the Corporate Affairs Commission (CAC) for...
Business

“U.S. Rejects G20 Proposal for Global Tax on Assets of Billionaires such as Dangote, Adenuga, Otedola, and Others”

Efiok Ephraim -
"The United States has declined a proposal for a global tax on the assets of wealthy individuals and businessmen, including Aliko Dangote, Chairman of...
Business

“Naira Strengthens with ₦17 Gain Against Dollar”

Efiok Ephraim -
On Tuesday, May 21, 2024, the exchange rate for the Nigerian Naira at the parallel market, commonly known as the black market, was reported...
Business

CBN Raises Interest Rate to 26.25% Amid Escalating Inflation

Efiok Ephraim -
The Central Bank of Nigeria (CBN) has implemented a significant increase in its interest rate, raising it to 26.25%. This decision comes in response...
Business

“CBN Under Cardoso Implements Aggressive Tightening Measures, Raises Lending Rate to 26.25%”

Efiok Ephraim -
"CBN Led by Cardoso Intensifies Tightening Measures, Raises Lending Rate to 26.25%" Under the leadership of Cardoso, the Central Bank of Nigeria (CBN) has escalated...
Business

Nigeria reclaims title of Africa’s largest oil producer

Baye Bin -
Nigeria reclaims title of Africa's largest oil producer in latest OPEC report. Nigeria’s oil production in April 2024 surged to 1.28 million barrels per day...
Business

The best crypto & bitcoin slots in 2024

Baye Bin -
If you are looking for top-rated Bitcoin slots, the options are numerous! To pick your favorite, you might have to consider factors like game...
Business

Taiwan Strengthens Trade Ties with Nigeria: 2024 Taiwan Business forum in Lagos

Baye Bin -
9 Taiwanese companies and Nigerian buyers gathered at the Taiwan Business Forum recently hosted in Nigeria to collaborate on new opportunities. The 2024 edition of...
Business

Google to offer AI-generated answers in search results

Baye Bin -
Google has announced it would introduce AI-generated answers to online queries made by users in the United States, in one of the biggest updates...
Business

10 Big Announcements From Google I/O 2024

Baye Bin -
Google I/O 2024 showcased Google’s commitment to transforming the search experience through AI innovations. Here’s a breakdown of the key announcements: 1. Gemini 1.5 Pro and...
Business

Here are 4 ways to protect your brand like Veekee James

Baye Bin -
The designer focused on the essence of having brand values. Popular fashion designer, Veekee James, has offered words of advice to aspiring and upcoming fashion...
Business

10 African countries that have banned cryptocurrency

Baye Bin -
Several governments suspect the digital asset for several reasons. Cryptocurrency transactions in some African countries have remained banned despite the possibility of introducing comprehensive regulatory...
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