Fakoyejo Olalekan

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

The naira to dollar rate traded flat in the official market on Monday, as the value of foreign currency exchanged fell, nearing a low last recorded on April 4, 2022, while the Nigerian currency appreciated in the black market. Report from the

June 21, 2022

Business News

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

About $450 million belonging to foreign airlines operating in Nigeria has been seized by the Central Bank of Nigeria (CBN), preventing the international companies from repatriating the funds back to their base. The International Air Transport Association (IATA) made the disclosure in

June 21, 2022

EU Approves New Round Of Sanctions Against Russia As Ukraine’s Invasion Anniversary Nears

Business News

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, has revealed that the country raised funds in the cryptocurrency market through the CryptoPunk #5364 it was gifted in March. Bornyakov, in a statement on Monday, via social media platform, Twitter, said the CryptoPunk,

June 21, 2022

Business News

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

Workers at the Murtala Muhammed International Airport seized passengers luggage in protest of unpaid salary on Monday. The situation led to chaos within the airport located in Lagos State. In a viral video seen on social media platform, Twitter, there was disagreement

June 20, 2022

Business News

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

The Central Bank of Nigeria (CBN) policies have been criticised by the World Bank, saying it worsens the business environment in the country. The global financial body hinted that the financial regulator needs to reduce its interventions. In its monthly report on

June 20, 2022

Business News·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

The United States currency, Dollar, and that of Nigeria, Naira, held tight to their ground on Friday, trading at the same previous rates across the official foreign exchange market, Investors & Exporters (I&E) window, as well as the black market. On Thursday,

June 20, 2022

Business News

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ikeja Electric technician, Matthew Umukoro, has died while on duty for the electricity company in Igbe Road, Igbogbo, an area located in the Ikorodu Local Government Area of Lagos state. Umukoro, who began working for Ikeja Electric on March 1, 2016, fell

June 20, 2022

Business News·Finance & Economy·Insights

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Customers’ deposits in the vault of Nigerian tier-1 financial institutions, First Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTBank), Access Bank and Zenith Bank rose to N31.58 trillion as at the end of March 2022. The five banks, known as

June 20, 2022

Business News·Real Estate

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Lagos State Development and Property Corporation (LSDPC) and Afriland Properties signed a Public Private Partnership (PPP) to upgrade the Falomo Shopping Mall, situated in Ikoyi. This was announced in a video sent to Prime Business Africa, which captured the sod turning ceremony

June 18, 2022

Business News

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

Bitcoin (BTC) investors lost a whopping $29.45 billion in the early hours of Saturday, after the cryptocurrency crashed by -7.54%, to its lowest price in two years, $18,926.50, as the bears extended their run. The cryptoasset had closed Friday around $20,471.48, but

June 18, 2022

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Fakoyejo Olalekan

Black Market Dollar To Naira Exchange Rate Today: Forex Trade Crashes To Two Months Low

Why CBN Seized $450 million Belonging To Foreign Airlines Operating In Nigeria

Ukraine Gets New Funds From Cryptocurrency Market To Finance War Against Russia

VIDEO: Why Airport Workers Seize Nigerian Passengers’ Luggage, Threaten Them

World Bank Criticises CBN Policies, Says Nigeria Sitting On Time Bomb

Black Market Dollar To Naira Exchange Rate Today: Nigerian Currency Depreciates 21% Since CBN Ban On BDC Operators

42-year-old Ikeja Electric Technician, Matthew Umukoro, Dies On Duty

Ranking: Five Best Performing Tier-1 Nigerian Banks In Q1 2022

Tony Elumelu’s Afriland Properties, Lagos State Sign Partnership To Develop Falomo Towers

Bitcoin Investors Lose $29.45 billion, As BTC Crashes To 2-year Low

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