Fakoyejo Olalekan

How 17.71% New Inflation Rate Affects Nigerians

The inflation rate in Nigeria hit 17.71% in May 2022, the highest in 11 months, rising from 16.82% recorded in April, according to new report released by the National Bureau of Statistics (NBS) on Wednesday. The monthly report titled, Consumer Price Index

June 15, 2022

Business·Technology

NairaEx Founder, David Ajala, Reveals How CBN Cryptocurrency Ban Made Bitcoin, Others More Popular

David Ajala, the Chief Executive Officer and founder of Nigerian cryptocurrency exchange, NairaEx, said the Central Bank of Nigeria (CBN) ban on cryptoasset trading affected user transactions in the Nigerian digital currency market. At the start of November last year, bitcoin trade

June 15, 2022

Business·Oil & Gas

Diesel Price To Rise From N800 To N1,500 In Two Weeks

The Natural Oil and Gas Suppliers Association (NOGASA), Bennett Korie, said in the next two weeks, the price of diesel per litre will rise to N1,500 from N800, due to importers inability to access foreign exchange (forex) at Central Bank of Nigeria

June 15, 2022

Business

Bank Of America Says Cryptocurrency Merger To Halt Market Crash

Consolidation of cryptocurrencies might be the key to halting the depreciating value of bitcoin and other digital currencies according to Bank of America analyst, Jason Kupferberg. The suggestion was made following a dip in the crypto market. Kupferberg said the challenge obstructing

June 15, 2022

Business·Oil & Gas

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Nigeria loses it lawsuit against JP Morgan Chase Bank, after Judge Sara Cockerill, of the British High Court, ruled against the country on Tuesday, in the fraud case relating to the Malabu Oil scandal 11 years ago. The country had filed $1.7

June 14, 2022

Business

Top Five Nigerian States With Highest Domestic Debt

The 36 states in Nigeria, including the federal capital territory, Abuja, have a domestic debt profile of N4.84 trillion as at the end of first quarter 2022, rising from the N4.46 trillion reported for the period of fourth quarter 2021. This is

June 14, 2022

Business

Afreximbank To Support COVID-19 Struggling Businesses With $150 million

The African Export-Import Bank (Afreximbank) has concluded plans to hand $150 million to Nigerian businesses affected by the Coronavirus outbreak. The fund will be disbursed through First Bank of Nigeria. Afreximbank President and Chairman of its Board of Directors, Benedict Oramah, said

June 14, 2022

Business

Electricity Workers, Atiku Abubakar Clash Over Three Points Agenda

The Presidential candidate for the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has been criticised by workers under the umbrella of National Union of Electricity Employees (NUEE) for his electricity privatisation plan. Abubakar had stated his intention to privatise

June 14, 2022

Business

People Want Bitcoin, Other Cryptocurrencies To Become Payment Option For Goods – Bank of America

Bank of America says more people want to use bitcoin and other cryptocurrencies as a payment method, other than the central bank-back paper currency being used across the world, according to its survey. The United States financial institution, on Monday, disclosed that

June 14, 2022

Business

Elon Musk Sacks Tesla’s Christopher Bousigues, Amid Plan To Fire 9,000 Workers

The country manager of Tesla in Singapore, Christopher Bousigues, has been sacked from his role by Elon Musk, a week after the world’s richest person threatened to terminate the contract of his workers over work-from-home policy. Bousigues made the revelation on his

June 13, 2022

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Fakoyejo Olalekan

How 17.71% New Inflation Rate Affects Nigerians

NairaEx Founder, David Ajala, Reveals How CBN Cryptocurrency Ban Made Bitcoin, Others More Popular

Diesel Price To Rise From N800 To N1,500 In Two Weeks

Bank Of America Says Cryptocurrency Merger To Halt Market Crash

Pres. Buhari Loses $1.7bn case, As UK Court Rules In Favour Of American Firm, JP Morgan Chase

Top Five Nigerian States With Highest Domestic Debt

Afreximbank To Support COVID-19 Struggling Businesses With $150 million

Electricity Workers, Atiku Abubakar Clash Over Three Points Agenda

People Want Bitcoin, Other Cryptocurrencies To Become Payment Option For Goods – Bank of America

Elon Musk Sacks Tesla’s Christopher Bousigues, Amid Plan To Fire 9,000 Workers

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