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The rhythm of Nigeria's business world
![Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge](/data/attachments/204/204165-6e202405f2f497d63440ce71bc64dc98.jpg)
Nigeria
Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge
Naira holds steady against the dollar despite CBN's interest rate hike to 26.25%. At NAFEM, the currency appreciates marginally by 0.23%. Market turnover increases by 66.14% to $268.17 million. CBN Governor Olayemi Cardoso expresses confidence in Nigeria's FX market, citing efforts to clear...
CBN announces the resumption of customer onboarding for Nigerian fintech giants like OPay and Moniepoint. Governor Cardoso underscores the need for enhanced regulatory frameworks to combat money laundering.
The Central Bank of Nigeria (CBN) has announced the forthcoming resumption of customer...
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR) from 24.75% to 26.25% to combat rising inflation, now at 33.69% due to increasing food prices. This is the third consecutive rate hike this year, impacting borrowing costs and economic growth in Nigeria.
The monetary...
Discover the top 10 countries facing substantial debt burdens to China, as reported by the World Bank. From Pakistan's $26.60 billion to Nigeria's $4.29 billion, explore the implications of these debts on economic growth and stability.
In the global landscape of debt accumulation, low and...
Nigeria
Nigerians React to TotalEnergies CEO's Decision to Shift $6B Energy Investment from Nigeria to Angola
TotalEnergies CEO Patrick Pouyanne reveals why the company chose Angola over Nigeria for a $6 billion energy project. Pouyanne highlights Nigeria's policy inconsistencies and security issues, emphasizing stability for long-term investments.
During a recent Africa CEO panel in Kigali...
![Today's Naira Rate [20-05-2024]: Nigerian Naira Hits N1,490/$ at Parallel FX Markets](/data/attachments/204/204131-8457c57119a478bc5717b11aa4a694ef.jpg)
Nigeria's forex market experiences a notable shift as the Naira strengthens against the dollar, reaching N1,490 at parallel markets. Traders in Lagos report buying rates at N1,450 and selling at N1,490, marking a 1.34% increase from previous rates. Stay updated on economic fluctuations for...
Air Peace defends its safety practices against UKCAA claims of violations, citing NCAA approval for its electronic flight bag. The Nigerian airline addresses specific concerns and criticizes media sensationalism, emphasizing its commitment to safety and compliance with international standards...
![[VIDEO] Billionaire Dangote Laments 35-Visa Requirement for African Travel, Calls for Simplified Procedures](/data/attachments/204/204115-7130f455f7e2c53ac058f7dc48e7b935.jpg)
Nigeria
[VIDEO] Billionaire Dangote Laments 35-Visa Requirement for African Travel, Calls for Simplified Procedures
Nigerian billionaire Aliko Dangote voices frustration over African travel restrictions, revealing the burden of obtaining 35 visas for intra-continental trips. He urges African leaders to simplify visa procedures to foster regional integration and economic growth.
Renowned Nigerian billionaire...
Africa's richest man, Aliko Dangote, reveals Federal Government takes 52% tax on every N1 profit, citing challenges for entrepreneurs. He advocates for policy consistency and applauds positive steps like the Petroleum Industry Act.
Africa's wealthiest individual, Aliko Dangote, unveils a...
Amidst soaring inflation, the Central Bank of Nigeria (CBN) considers raising interest rates by 100 basis points, as projected by analysts. In April 2024, headline inflation rose to 33.69 percent. With the MPC meeting imminent, stakeholders anticipate decisive measures to address inflationary...
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