NCC Directs Telcos to Block SIMs Without NIN Telecommuncation companies (Telcos) have been directed to block subscriber identification modules (SIMs) that are not already linked with their national identification numbers…
Bitcoin Hits $60K First Time in 2-Year Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a flurry of capital into new U.S. spot…
Nigeria Gets 60% Afreximbank Energy Sector Funding – Oramah The African Export-Import Bank (Afreximbank), says Nigeria is among the largest beneficiaries accounting for about 60 per cent of its US$30…
Firm Explains Impacts of Interest Rate Hike in the Market The Central Bank of Nigeria’s (CBN) monetary policy committee hiked the rate by 4% to 22.75% is expected to have…
Is a New Bitcoin All-Time High in Sight? Bitcoin surpassed $59,000 in price on Wednesday, and it could hit a new all-time high within weeks, predicts the CEO of one…
Nestle Nigeria Posts N104.03bn Pretax Loss Nestle Nigeria Plc posted more than N104 billion loss before tax in 2023, details from its audited financial statement for 2023 showed. The latest…
Oil Prices Decline as Market Reacts to US Stockpile Oil prices fell further on midweek due to larger-than-expected crude inventory build in the US, signalling a demand drop in the…
Yield on Nigerian TBills Slides to 16.05% -MarketNews The average yield on Nigerian Treasury bills declined marginally as the market reacted to an interest rate hike by the Central Bank…
Banks’ Increase Demand for Liquidity Drive Rates North Nigerian deposit money banks’ sustained demand for liquidity boost drove interbank borrowing rates higher in the money market amidst fast-changing market dynamics.…
Naira Skids as CBN Releases Information on Shadow FX Flows The Naira experienced a major decline in purchasing power at the official market as US dollar supply tracked below FX…