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CBN is Largely Depleting Nigeria’s Dollar Reserves to Improve Naira – Bloomberg
Nigeria’s foreign exchange reserves are dwindling at an alarming rate as reported by Bloomberg. Since March 18, the country’s liquid reserves have reportedly...
BusinessFinanceNews
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...
BusinessNewsPoliticsWorld
US raises concern over increasing number of oil-rich countries joining BRICS
The United States National Security Advisor, Jake Sullivan, has reacted to the increasing number of oil-rich countries, including Middle Eastern countries, positioning to...
BusinessFinanceNews
Vietnamese Real Estate Tycoon Sentenced to Death for $27 Billion Bank Fraud
Vietnamese real estate mogul Truong My Lan was sentenced to death by a court in Ho Chi Minh City, Vietnam, for her role...
BusinessNewsTravel
‘We’re being deliberately frustrated’ – Air Peace Chairman raises alarm over price slash
The Chairman of Nigerian Air Peace, Allen Onyema, has raised the alarm over an alleged conspiracy among foreign carriers operating the Nigeria-UK route...
BusinessNews
Lagos Govt. Shuts Down Several Markets After Fire in Dosumu Affect 14 Buildings
The Lagos State Government has decided to close several markets in response to recent fire outbreaks in the state’s central area. Following a...
BusinessNews
Fire Reduces Over 200 Shops to Ashes in Cross River Market
A devastating fire outbreak on Monday night reduced over 200 shops to ashes at Ikom main market in the Ikom Local Government Area...
BusinessTechnology
MTN, Airtel Lead Nigeria’s Mobile Subscription Rebound To N219 Million In February
According to the latest data from the Nigerian Communications Commission (NCC), mobile subscriptions in Nigeria surged to 219.7 million in February 2024, driven...
BusinessFinanceNewsWorld
El Salvador President, Bukele Launches Offer for External Debt Repurchase
El Salvador’s President Nayib Bukele announced on X (formerly Twitter) on Monday evening that the country has officially launched the purchase offer for...
BusinessEntertainment
Canal+ Offers $2.9 Billion Bid for MultiChoice, Expanding Africa Media Presence
French media conglomerate Vivendi’s Canal+ has officially submitted a $2.9 billion bid to acquire MultiChoice, the parent company of DStv and GOtv. The...
BusinessFinanceTechnology
PiggyVest CEO Hints at Potential IPO in Coming Years
PiggyVest, a leading Nigerian fintech firm, may be gearing up for a public offering in the near future, according to CEO Somtochukwu Ifueze....
