CBN to charge banks N1m daily over new currency
Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned naira notes in terms of picking up…
CBN fines banks N1m daily over refusal of new naira
Wilson Adekumola The Central Bank Of Nigeria has said that any commercial bank that failed to comply with the newly redesigned naira notes in terms of picking up for…
New FTX CEO plans to revive crypto company
Alex Omenye FTX's new chief executive, John Ray, is looking into the possibility of reviving the platform. John told Wall Street Journal that he has set up…
Buhari regime lifts ban on charcoal, wood exportation
The Federal Government on Thursday announced that the ban on the exportation wood and charcoal has been lifted. The Minister of Environment, Muhammed Abdullahi, said this during a stakeholders…
NNPCL PMS pump price rises above N184/ltr
The Nigerian National Petroleum Company Limited, on Thursday, increased the pump price of Premium Motor Spirit at its filling stations in Abuja to N194 per litre from N179 per litre.…
Nigeria’s external reserves hit $136m in two weeks – CBN
The Central Bank of Nigeria have said the country’s external reserves rose by $136m in two weeks. The CBN disclosed this on Thursday, in its figures on movement on…
Netflix co-founder resigns, company hits 230m subscribers
Christian George Netflix co-founder and co-CEO, Reed Hastings, is stepping down after piloting the affairs of the company for about two decades. This is just as the streaming…
FG gives new rice, other crops to farmers
Wilson Adekumola The Federal Government has given new rice and other crop varieties to reinforce its commitment to boost food production in the country. According to the…
Sun Cable: World’s largest renewable energy project up for sale
Sun Cable, a Singapore-based company, in charge of the world's largest solar energy infrastructure projects will go up for sale this January. The project was said to have collapsed over…
UK predicts rapid fall in inflation rate
The Bank of England Governor, Andrew Bailey, has said that there would be a likely rapid fall in inflation this year as the prices of energy declines. While he spoke…
Naira to fall N500 against dollar – NESG
Oluwanifemi Ojo The Nigerian Economic Summit Group has predicted that the Nigerian naira will slip further to N500 against the US dollar on the Investors & Exporters FX window. According…
Netflix loses 39,451 Nigerians over naira card restriction
American subscription video on-demand over-the-top streaming service and production company, Netflix, said it recorded a loss of 39,451 Nigerian users in 40 days. The online streaming service platform said…
