Fakoyejo Olalekan

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

The United States currency, Dollar, gained against the Naira on Thursday at the official foreign exchange market, while the Nigerian legal tender continued to sell at a high for persons in need of the greenback in the black market. Naira exchanged at

June 17, 2022

Business·Finance & Economy·Insights

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

A total of 32,992 fraud cases were perpetrated through the financial system of tier-1 Nigerian lenders, Guaranty Trust (GT) Bank and Access Bank in 2021, more than both firms recorded the previous year. This number is 90.5% higher than the fraudulent activities

June 17, 2022

Business·Entertainment

Music Label Of K-Pop Band, BTS Lost $1 billion Amid Confusion Over Breakup

South Korean record label, HYBE, lost -25.8% in its market capitalisation after its famous Asian K-Pop group, BTS, announced that they would be taking a break from collaborative albums, to face their individual careers. BTS, which started their group music career in

June 17, 2022

Business

Dogecoin Investor Sues Elon Musk, Tesla For $258 billion, As Crypto Crashes By 91.8%

Investor, Keith Johnson, has sued billionaire, Elon Musk, including his carmaker, Tesla, and space firm, SpaceX, for $258 billion due to their role in the promotion of Dogecoin, which he described as a pyramid scheme. The world’s richest man had been a

June 17, 2022

Business·Technology

Alphabet Threatens TikTok Growth, As Over 1.5 billion Users Visit YouTube Shorts

YouTube Shorts is affecting the dominance of TikTok in the short clip videostreaming market, after the Alphabet-owned company reported 1.5 billion people viewed videos on the segment monthly. The growth of the YouTube Shorts has been tremendous considering the product was launched

June 16, 2022

Business·Technology

Apple’s $2 trillion Market Cap Under Threat, Loses $800 billion In Six Months

Apple is on the verge of losing its $2 trillion market capitalisation, as shareholders dump the technology firm’s stock amid fear of projected U.S economy entering recession in the second half of this year. Investors are offloading tech stocks, to reduce exposure

June 16, 2022

Business

Air Peace Founder, Allen Onyema, Cries Out Over Rising Dollar Rate, Aviation Fuel

The Vice Chairman of Airline Operators of Nigeria (AON), Allen Onyema, has warned that airline operators in the country might shutdown due to the hike in aviation fuel, known as Jet A1, in the global market. Onyeama said the high cost of

June 16, 2022

Business·Currency

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

The Nigerian currency, Naira, fell to the dollar on Wednesday, in the black market segment of the foreign exchange channels, depreciating by -0.2% at the end of trading activities in the peer-to-peer market. On Tuesday, the Naira had closed at N615 to

June 16, 2022

Business·Insights

Wema Bank Grows Profit 108.3% On N1trn Assets

Wema Bank PLC has announced its unaudited financial results for 2021 full-year (FY) ended December 31, recording 108.3 per cent growth in profit before tax (PBT) and total assets in excess of N1 trillion. It’s resilience, Prime Business Africa reports, was on

June 16, 2022

Business·Insights

Aliko Dangote To Earn Over N292.98 billion In 12 Months, Amid Declining Wealth

Aliko Dangote, the founder of cement business, Dangote Cement, will earn a whooping N292.98 billion within a period of twelve months, according to analysis of his investment in the manufacturer, which is the largest in Nigeria. Dangote, who is the wealthiest man

June 15, 2022

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Fakoyejo Olalekan

Black Market Dollar To Naira Exchange Rate Today: Naira Falls Across All Market Amid N800/$1 Projection

GTBank, Access Bank Record 32,992 Fraud Cases In One Year, As Fraudsters Target Customers’ Accounts

Music Label Of K-Pop Band, BTS Lost $1 billion Amid Confusion Over Breakup

Dogecoin Investor Sues Elon Musk, Tesla For $258 billion, As Crypto Crashes By 91.8%

Alphabet Threatens TikTok Growth, As Over 1.5 billion Users Visit YouTube Shorts

Apple’s $2 trillion Market Cap Under Threat, Loses $800 billion In Six Months

Air Peace Founder, Allen Onyema, Cries Out Over Rising Dollar Rate, Aviation Fuel

Black Market Dollar To Naira Exchange Rate Today: Nigerians Now Pay Over N600 To Get $1

Wema Bank Grows Profit 108.3% On N1trn Assets

Aliko Dangote To Earn Over N292.98 billion In 12 Months, Amid Declining Wealth

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