NIGERIA NAIRA HITS RECORD LOW OF 530 NAIRA TO 1 USD
Naira, Nigeria’s legal tender on Thursday fell to N530 per dollar on the parallel market also known as the black...
ETHIOPIAN AIRLINE AIMING TO FLY 737 MAX JET BY JANUARY AFTER BOEING DEAL
Ethiopian Airlines Group plans to resume flights with the Boeing Co. 737 Max jet by early next year after reaching an out-of-court settlement...
Facebook Extends Marketplace Initiatives To 37 Sub Saharan Africa Countries
Facebook has extended its marketplace initiatives to 37 countries and territories in sub-Saharan Africa. Already available in South Africa, Ethiopia,...
Nigeria Gets Reserves Liquidity Support Boost With IMF’s $650bn
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right...
Oil Jumps As Much As 6%, Breaking-Off Longest Losing Streak Since 2019
Oil prices jumped Monday, snapping a seven-day losing streak that was crude’s worst since 2019, as the dollar pulled back...
Bitcoin Hits $50,000 After Months Of Weakness
Bitcoin hit $50,000 as it continues to rebound after months of weakness The world’s largest digital currency by market value rose to...
Nigeria Federal Government To Deploy 5G Network Soon
The Federal Ministry of Communications and Digital Economy has said it will soon deploy the Five Generation network (5G) in...
Naira Ends The Week With 0.97% Loss Against Dollar
Due to demand pressure on the parallel market, also known as the black market, the naira suffers 0.97 percent against...
Kenya Becomes The Top Country in Africa Ahead Of Nigeria In Crypto.
Kenya occupies the fifth place in the world cryptocurrency adoption ranking by Chainalysis and became the top country in Africa...
CBN Stern Warning To Microfinance Banks Over Forex Transactions
The Central Bank of Nigeria has warned microfinance banks to desist from engaging in activities beyond their operating limits or...