Business
CBN Releases Foreign Currency Exposure Guidelines to Curb Insider Trading
The Central Bank of Nigeria (CBN) on Wednesday issued new guidelines to all commercial banks operating in Nigeria against hoarding and conjecture of...
“Women’s thirst for lace wigs devalue the naira”- AriseTV’s Rotus
Rotus, a broadcaster, has alleged that Nigerian women are partly responsible for the devaluation of the naira due to their thirst for lace...
Naira Hits All-time Low at N1482.57/$ in Official Market
The naira has experienced significant decline, reaching a new all-time low in the official Investor and Exporter window of the foreign exchange market....
IMF Downgrade Nigeria’s 2024 Economic Growth Forecast to 3%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth projection for 2024, lowering it from 3.1% to 3%. This update was included...
Jagabanomics: PwC says Tinubu’s monetary policies devalued naira by 98%
PwC has reported that Tinubu’s monetary policies devalued the naira by a whooping 98%. PricewaterhouseCoopers (PwC) is one of the largest professional services...
1500 CBN Staff Resumes in Lagos Office Following Relocation Plan
At least 1,500 Central Bank of Nigeria (CBN) staff members are set to resume work at the Lagos office on February 2, having...
CBN Injects $500M into FX Market
The Central Bank of Nigeria (CBN) has recently injected an additional $500 million into the foreign exchange market, following a previous disbursement of...
F. Otedola’s Return to Forbes List
The billionaire entrepreneur Femi Otedola has returned to the Forbes list after an eight-year break. He shared the announcement on Instagram with a...
World’s Largest Cruise Ship, Icon of the Seas, Sets Sail
The Icon of the Seas, now the world’s largest cruise ship, has embarked on its maiden voyage from Miami. Owned by Royal Caribbean...
Abia Govt. Bans Use of Styrofoam Foils, ‘Take Away’
The Abia State Ministry of Environment has placed a ban on the use of Styrofoam foils, commonly known as ‘Take Away’. In a...
Israeli Airline El Al Suspends South Africa Flights
The esteemed Israeli flag carrier, El Al, has announced the suspension of its 74-year-long direct flights between Tel Aviv and Johannesburg. The last...
JK Rowling and Ed Sheeran among UK’s highest tax payers
JK Rowling and Ed Sheeran have emerged as some of the United Kingdom’s highest taxpayers. The Sunday Times recently revealed that these two...