Nigerian naira tumbled to N435 against the dollar at the official market on Friday. This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be another devaluation this year. In May, the apex devalued the naira from N379 to N411 … Read more
Nollywood actor Femi Adebayo Salami is grateful to be able to witness another new year as the film star recently took to his official Instagram page to share the good news with his fans and followers. The Yoruba actor clocked a new age on Thursday, December 31, and he shared a lovely photo to celebrate. … Read more
The Central Bank of Nigeria (CBN) has injected N7 trillion into the economy as loans in three years, it was learnt yesterday. CBN Deputy Governor, Financial Systems Stability, Mrs. Aishah Ahmad, dropped the hint at the 40th anniversary summit of the Financial Institutions Training Centre (FITC) in Lagos. Significant developments, she said, had brought discussions … Read more
Popular Nollywood Actress and producer, Funke Akindele has concurred with a post of Burna Boy advising that one should live while they are alive because life moves on when you are no more. Funke Akindele shared the post of Burna Boy on her Instagram page and pinned it to show she agrees with the post … Read more
CLAIMPresident Muhammadu Buhari replaces ₦1.8 trillion Fuel Subsidy cost with ₦2.4 trillion for transport bonus. CONCLUSION FALSE. Though there are no open source documents that reflect the exact amount the federal government is spending on fuel subsidy, the highest amount spent on fuel subsidy was mentioned by Minister of Finance, Zainab Ahmed, wherein she said … Read more
Lola Omotayo-Okoye and Anita Okoye, wives of Peter and Paul Okoye, spent Thanksgiving together. Thursday, Nov. 25 was Thanksgiving in the US and Lola was pictured celebrating with Anita and her kids. This comes after their husbands reconciled following years of animosity. DJ Switch also celebrated with them. See photos below.
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from from opening a new bank accounts going by its fresh rule.The new policy is contained in a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the banking industry released by the apex bank in its Update … Read more
A multibillion dollars modern city development project promoted by the Chinese investors , Hendai Investment Limited, is coming to oil rich Akwa Ibom state, it was gathered.The mouth watering project is billed to straddle on the landmass of 120 hectares at Ikot Andem Itam, adjacent to the automobile company, Itu local government area of the … Read more
Music executive Ubi Franklin has reacted to the controversy surrounding reality star, Maria and her alleged affair with a married man. On Sunday, the internet broke with a revelation from Cubana Chiefpriest that Maria is allegedly in an affair with his sister’s husband known as Kelvin, who is based in Dubai, United Arab Emirates. READ ALSO: Singer, Jaywon drags Blessing Okoro … Read more
The equity capitalization at the Nigerian capital market rose by 0.1 percent at the close of trading on Friday. READ ALSO; Bearish run in Nigeria’s market capital persists as investors lose N11bn Consequently, the equity capitalization increased by N20.43 billion from N21.27 trillion to N21.29 trillion at the close of the day’s business. The All … Read more
It was negative trading for the Nigerian naira in the official foreign currency market, as it fell further in value versus the US dollar on Thursday. READ ALSO; Imo state govt debunk claims Governor Hope Uzodinma’s wife was kidnapped According to data from the FMDQ Security Exchange, where the currency is legally exchanged, Naira closed … Read more
The Open Forum on Agricultural Biotechnology in Nigeria (OFAB) has assured Nigerians that by the 2022 farming season, the prices of food crops, especially beans, will crash. Speaking during the OFAB Day celebration in Abuja, OFAB Nigeria Country Coordinator, Dr Rose Gidado, said in July, 32 farmers were given the seedlings of the newly commercialized BT Cowpea in the FCT … Read more
Just when it looked like the Nigerian currency was reclaiming some momentum against the US dollar, on Wednesday, it reversed direction for another bad day. READ ALSO; Ronaldo’s Man Utd Seek Response, Chelsea Look To Lukaku In Spurs Clash Data from FMDQ securities shows that at the Investors and Exporters (I&E) window of the foreign … Read more
Investors at the Nigerian capital market lost N51.03 billion at the close of trading on Monday. This followed a 0.25 percent crash in the market capitalization at the close of the day’s business. READ ALSO; Insecurity: 34 Killed, Seven Injured In Fresh Kaduna Attack The market capitalization slipped from N20.299 trillion posted last Friday to … Read more
The value of the Nigerian currency is opening the week at an all-time low at the official market against the U.S dollar. READ ALSO; Independence Day: At 61, Nigeria should be competing with developed countries — Wike Data from the FMDQ securities exchange window where forex is officially traded, showed that naira closed at N414.90 … Read more
This week’s stocks to watch list includes Stanbic IBTC, Dangote Cement, Pharmdeko, and SCOA Nigeria, as the companies prepare to release their Q3 2021 financials. However, that is not the only reason some of them made the stocks to watch list, as other factors includes new financial investment and stock market-related activity. READ ALSO; Court … Read more
The United Bank of Africa has published the names of some individuals who applied for Personal Travel Allowance and bought cheap dollars at the bank but did not use it for the purpose they applied for. READ ALSO; BBNaija: Cubana Chief Priest Mobilises ‘Aggressive Votes’ For Whitemoney Ahead Of Last Eviction Show The account numbers and Bank Verification Numbers … Read more
Investors at the Nigerian capital market pocketed N45.9 billion following a 0.22 percent rise in equity capitalization at the close of trading on Friday. The equity capitalization rose by N45.9 billion to close at N20.253 trillion from N20.299 trillion posted the previous day. Similarly, the All-Share Index was up by 88.15 basis points to settle … Read more
Dangote Cement board of directors are to meet after the company’s market stock bubble burst, costing shareholders of the firm N78.38 billion in one month. In its filing to the Nigerian Exchange Group on Friday, it was gathered that the board meeting will hold next month, October 31, 2021, with one of the discussion expected … Read more
Africa’s leading mobility and logistics companies (GIG Mobility and GIG Logistics) are reportedly reviewing their payment options to include digital currency. Pointers to this development emerged last week necessitating discrete inquiries into what analysts consider both an innovative and potentially disruptive drive to improve customer experience at the forward-looking companies. READ ALSO; Recognise The Taliban? … Read more