World’s richest billionaire loses $69 billion within 5 months as Tesla...
Elon Musk's fortune – and Tesla's stock – plummeted on Friday, extending a negative trend and putting the billionaire's takeover of Twitter in jeopardy.
Musk...
Naira closes week at N605/$1 at the black market
The exchange rate between the naira and the US dollar closed at N419.02/$1 at the official Investors and Exporters (I&E) window.
Compared to the previous...
CBN issues guidelines for Open Banking in Nigeria to enhance financial...
In order to foster innovation and widen the range of financial goods and services available to bank customers, the Central Bank of Nigeria has...
McDonald’s to sell its Russian business for $1.4 billion to local...
McDonald's has announced that it will sell its Russian business, joining a long list of companies that have left the country.
According to the company,...
BREAKING: Nigeria’s inflation rate jumps to 16.82% in April 2022, highest...
Nigeria's inflation rate increased to 16.82 percent in April 2022, following a similar increase the previous month due to higher energy and food prices....
Naira falls sharply at official window despite rise in FX liquidity
Thursday, 12th May 2022: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate ended at N420/$1, down...
Paypal Credit Card to Offer Three Percent Cashback like Rival Apple...
Payment platform, Paypal has unveiled its upgraded credit card that is designed to offer users more cashback, depending on how they make their purchases.
The...
NCC Issues Licenses To MTN, Mafab Comms, As 5G Services Roll...
The Nigerian Communications Commission (NCC) has confirmed issuance of the final letters of award of the Fifth Generation (5G) Spectrum Licences to MTN and...
Euro drops to its lowest in 5 years against dollars
As the war in Ukraine persists, the Euro has plummeted to a five-year low compared to the dollar. When compared to the Russian Ruble,...
Flutterwave explains why it suspended 86FB’s account
Nigerians who invested in 86FB are demanding their money back, even as the alternative investment platform continues to blame Flutterwave, a fintech business, for...