Economy

  • December 11, 2021

Emirates Airline  suspends flight from Nigeria in retaliation to NCAA

Emirates Airline on Friday said it was suspending all its flights between Nigeria and Dubai from December 13. The airline’s decision comes after the Nigerian Civil Aviation Authority (NCAA) limited…

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Google to invest $1bn in support of Africa’s start-up, cheap internet

Google has announced a plan to invest $1 billion over five years to support Africa’s digital transformation. The investment focuses on enabling fast, affordable internet access for more Africans; building…

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  • September 23, 2021

CBDC: E-naira is better than cryptos – CBN

E-naira and Cryptocurrency Ahead of its October 1 launch, the Central Bank of Nigeria has explained why its digitised money, e-naira, is better than cryptocurrencies. On Wednesday, the CBN’s information…

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  • September 17, 2021

CBN declares AbokiFX boss wanted over naira fall to dollar

CBN Governor, Godwin Emefiele [Photo credit: The Guardian Nigeria] The Central Bank of Nigeria, on Friday, vowed to arrest the owner Olumide Oniwinde and shut down popular forex publishing platform,…

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  • September 16, 2021

Naira slips further, now exchanging between N562 and N570 for 1$

The Nigerian Naira hit a new time low on Wednesday September 15, as it is now exchanging between N562 and N570 for 1$ in parallel markets.  Though data recorded on the FMDQ…

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  • September 9, 2021

Naira extends freefall as USD hits N535

The Nigerian currency extended its slide against the dollar on Wednesday, dropping to a new all-time low at the parallel market in Lagos. The naira has been falling steadily since…

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  • September 3, 2021

Naira sinks to 530 against dollar, pound hits N720

Naira and U.S dollar The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange…

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e-Naira: CBN snubs Nigeria fintech community, awards digital currency contract to foreigners

CBN Governor, Godwin Emefiele (credit: Bloomberg) The Central Bank of Nigeria has chosen Bitt Inc. as the technical partner for its much talked about digital currency, eNaira, discounting years of…

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FG to presents budget October, targets €3bn from Eurobonds

The President, Major General Muhammadu Buhari (retd.) The President, Major General Muhammadu Buhari (retd.), may present the 2022 Appropriation Bill to a joint session of the National Assembly on a…

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‘We are borrowing sensibly’ – Finance Minister says

Nigeria’s minister of finance, Zainab Ahmed says the federal government is borrowing “sensibly” to cater to the country’s infrastructure needs. Speaking on Monday during a press conference on the recent…

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