Business
Foreign Investors Pullout N116.72bn From Stock Market
The Nigerian Exchange Limited has revealed that foreign investors in the equities market withdrew a total of $116.72bn from Janury...
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Telcos Lose Nearly 13m Subscribers Over SIM-NIN Linkage
Telecommunication companies lost 20.83 million subscribers in the first half of 2021, according to industry statistics released recently by the...
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CBN Lists Regulatory Guidelines For Payments Service Holding Firms
The Central Bank of Nigeria (CBN) issued guidelines on Tuesday for the licensing and regulation of Payments Service Holding Companies...
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NCC Says Nigerians Spent N1.77trn on National Calls, SMS Last Year
Nigerians spent about N1.77trn on national calls and short messages in 2020. This is according to the analysis of data...
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Naira Appreciates at Forex Markets Amid Dollar Supply Boom, Weak Demand
The exchange rate between the naira and the US dollar closed lower at N411.44/$1 at the official Investors and Exporters...
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IMF Warns Nigeria Against Launching Digital Currency
International Monetary Fund (IMF) has warned Nigeria and other countries on the danger of adopting crypto assets as a national...
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FG Cuts Domestic Base Price of Gas To $2.18
The Federal Government has announced immediate reduction in domestic base price of natural gas to power plant producers from $2.50...
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Nigeria’s Capital Importation Slips To $0.87bn in Q2
The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.91bn in...
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Naira Falls to N505/$1 as CBN Halts Forex Sales to BDC Operators
The naira fell slightly to the dollar at the parallel market few hours after the Central Bank of Nigeria on...
Read moreCBN Insists on Crypto Ban, Virtual Naira Almost Ready For Launch
The Nigerian apex bank reiterated it earlier stands against banks facilitating crypto transactions as e-Naira is set to launch in...
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