Vodafone, Microsoft

Vodafone, Microsoft signs $1.5 billion deal to boost AI, cloud adoption in Africa

Telecommunications Group, Vodafone, has signed a deal with Microsoft involving a $1.5 billion investment in AI and cloud services to boost adoption in Africa. In the deal announced on Tuesday, Vodafone will... Read more »
Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today

The naira yesterday fell to N1,350 per dollar in the parallel market from N1,295 per dollar on Tuesday.However, the naira depreciated to N931.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »
CBN

CBN Initiates Legal Actions Against Forex Defaulters

The Central Bank of Nigeria (CBN) has announced its intention to prosecute forex defaulters nationwide following an independent forensic review conducted by a reputable firm to investigate forex exchange issues in the... Read more »
NCCGLOMTN

Dissconnection put on hold as NCC Resolves MTN / GLO Tariff Imbroglio

Regulations Agency NCC have resolved the tariff imbroglio between MTN and Globacom  This was a statement issued by the NCC on the matter Re: PRE-DISCONNECTION NOTICE 1. On January 8, 2024 the... Read more »
Naira and Dollar 768x432 1

Naira in Peril: Manufacturers Brace for Storm as Prices Rises

In the wake of Nigeria’s persistently turbulent forex crisis, manufacturers are projecting imminent price hikes for commodities in response to the Naira’s continuous decline against the US dollar. Francis Meshioye, the President... Read more »
transport

Fuel Subsidy Removal: ‘We’ll Reduce Cost Of Transportation By 50%’ – FG

The Federal Government of Nigeria said it is working towards reducing the cost of transportation by over 50 per cent. The Minister of Information and National Orientation, Mohammed Idris said this when... Read more »
CBN

NACCIMA to CBN: Prosecute those behind $2.4b fake FX claims

The President of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA), Otunba Oye, has called on the Central Bank of Nigeria (CBN), to immediately investigate and prosecute those... Read more »
access-bank

Herbert Wigwe: Board will announce acting CEO soon — Access Bank

The board of Access Holdings Plc is set to announce an acting Group Chief Executive Officer to succeed the late CEO, Herbert Wigwe, in the wake of his tragic passing. In a... Read more »
Ms. Bolaji Agbede

Access Holdings appoints Ms. Bolaji Agbede as Acting CEO

Access Holdings Plc has made a decisive move in leadership continuity by appointing Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This is in a swift response to the unexpected... Read more »
Dangote Refinery

Dangote Refinery Set To Deliver First Fuel In Weeks

Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone towards long sought energy independence for Nigeria. The... Read more »
cbn dollars

CBN Sells Dollars To Banks For First Time In 5 Months

The Central Bank of Nigeria (CBN) took its latest step towards stabilising the naira after selling almost $90 million in the spot FX market on Tuesday, its first sale of dollars in the... Read more »
Airtel Nigeria unveils

Airtel Nigeria unveils solution data bundle for exam success

A mobile telecommunications giant, Airtel Nigeria, in conjunction with Roducate, a digital education economy school platform has provided a learning app for students, educators and parents. The Airtel-Roducate Exam Success package provides... Read more »
Petrol

Petrol Landing Cost Hits N1000 Per litre On FX Crisis 

The landing cost of imported petrol has surpassed N1,000 per litre as the country’s foreign exchange crisis deepened, according to findings by BusinessDay. At the black-market rate of N1,500 per dollar, findings showed the... Read more »
Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today

The naira yesterday depreciated to N1,500 per dollar in the parallel market from N1,465 per dollar on Tuesday.Similarly, the naira depreciated to N1,479.47 per dollar in the Nigerian Foreign Exchange Market (NAFEM).... Read more »
MultiChoice

MultiChoice To Pay $37.3 million To Nigeria For TAX Settlement

Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total tax of about $37.3 million. According to... Read more »
wheat

Jigawa State set to cultivate 150,000 hectares of wheat 2025

Jigawa Governor, Alhaji Umar Namadi has announced plans of the state, to cultivate 150,000 hectares of wheat next season farming, saying the “only way to move people out of poverty is through... Read more »
Dollar To Naira Exchange Rate Today

Dollar To Naira Exchange Rate Today

The naira yesterday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar last week Friday. However, the naira fell to N1,419.86 per dollar in the Nigerian Foreign Exchange... Read more »
Loan Apps

Nigeria To Clampdown On Loan Apps For Illegal Debt Recovery

The Nigerian government has said it will clamp down on loan apps involved in illegal debt recovery and exploitation of consumers. The crackdown comes amidst an upsurge in violations of the Interagency Joint... Read more »
Screenshot 20240205 105806 Chrome 750x375 1

JUST-IN: CBN Uncovers $2.4 Billion False Forex Claim Pressuring Naira – Cardoso

Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
Dollar to naira

Dollar To Naira Exchange Rate Today

The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira... Read more »