CBN moves to curb FX circulation, naira hoarding
The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of excessive foreign currency speculation and hoarding by…
Nigeria
Bolt expands into Zimbabwe
Estonian e-taxi company, Bolt has expanded its services in Harare, Zimbabwe. As part of the move, Bolt is waiving commissions from drivers…
NNPCL attracts South Korean investors for gas projects
The Nigerian National Petroleum Company Limited has met with a South Korean consortium led by Daewoo E & C to discuss the…
Wema Bank profit rises by 105%
Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH…
Market capitalization falls N857bn due to sell-offs
The Nigerian Exchange’s market capitalization fell for the second time this year, losing N857 billion to close at N56,425 trillion due to…
How Edo IGR rose by 40% to N62bn in 2023 – Panel
Edo State’s Internally Generated Revenue increased by more over 40% to N62 billion in 2023, from N45 billion the previous year. According…
Relocated CBN staff to resume Lagos office February 2
The Central Bank of Nigeria’s redeployed staff, estimated at 1,533 or 36.22 per cent, are due to resume in the Lagos headquarters…
Guinness Nigeria’s board director Gbadegesin steps down
Guinness Nigeria has announced the resignation of its director, Mrs Tariye Gbadegesin’s from the board. The PUNCH revealed that this is according…
Wattpad lays off staff in restructuring move
Toronto-based storytelling platform, Wattpad owned by Naver’s Webtoon Entertainment, underwent a recent workforce reduction, cutting approximately 15% of its staff, or around…
Top ten most downloaded apps in 2023
Meta’s Instagram has remained the most downloaded app in the world across Google’s Play Store, and Apple App Store, overtaking TikTok for…
CBN clears $64.44m forex backlog for airlines
Bisola David The Central Bank of Nigeria has announced that it has fulfilled its commitment by clearing a $64.44 million backlog of foreign…
Egypt leads Africa in foreign direct investment
Bisola David The United Nations Conference on Trade and Development World Investment Report 2023, has revealed that Egypt experienced a tremendous increase in FDI,…