The Naira experiences a sharp decline to 1082 against the US dollar, even with the CBN $2 billion debt repayment.
The Nigerian naira has experienced a 26.36% decline against the US dollar in the official Investor and Exporter window of the foreign exchange market...
CBN announces the appointment of new executives to lead Union, Keystone, and Polaris banks
The Central Bank of Nigeria swiftly acted, dissolving the boards of Polaris, Union, and Keystone banks, appointing new executives to take charge.
In a statement...
The Naira depreciates to N1089 per dollar in the official Investors and Exporters (I&E) window
The Nigerian naira plummeted to N1089.51 against the dollar on Tuesday, marking a staggering 27.19% drop from its Monday closing rate of N856.57/$, as...
The funding from overseas sources into Nigerian startups experiences a sharp decline of 65%
The influx of foreign investments into Nigerian startups experienced a steep decline of 65.83% year-on-year, plummeting to $410 million in 2023 from its 2022...
Glo customers will soon face restrictions on making calls to MTN numbers, as per NCC regulations
The inability for Globacom subscribers to call MTN lines is imminent due to unsettled interconnect charges, as disclosed by the Nigerian Communications Commission (NCC)...
