Fakoyejo Olalekan

Emefiele Flouts CBN Act – Speaker Gbajabiamila

The Speaker, House of Representatives, Femi Gbajabiamila, said the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has failed to comply with the CBN Act. According to Gbajabiamila, under Emefiele, the central bank has not been engaging with the National

December 23, 2022

FCCPC) has approved an additional 211 digital money lenders, known as loan apps, marking an increase from 161 fully approved companies in September.

Business·Technology

House Of Reps To Probe FairMoney, Opay, Carbon, 39 Other Loan Apps

The House of Representatives said FairMoney, OKash, Opay, Carbon, and other loan apps in Nigeria will be probed over threats received by debtors. On Thursday, the lower chambers met to review several national issues, and one of them was the illegal activities

December 22, 2022

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business·Markets

Market Cap Gains N13.07 billion, First Bank Sterling Top Trades

At the end of trading on Thursday, the Nigerian stock market capitalisation increased by N13.07 billion from the N26.94 trillion it recorded on Wednesday to N26.96 trillion. This was driven by the All Share Index which grew by 24 basis points from

December 22, 2022

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency·Insights

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

In the year 2022, Naira has had to fight against negative projection, strong dollar speculators, hoarders and the flip-flop policies of the Central Bank of Nigeria (CBN). Judging by the exchange rate as of Wednesday, speculators are still winning. Although the naira

December 22, 2022

Business·Currency·Sports

Qatar World Cup Win: Lionel Messi’s Face On Argentina Currency

The Central Bank of Argentina is planning to add Lionel Messi’s face on the country’s currency after he led the Argentine team to their 2022 World Cup triumph in Qatar. Prime Business Africa had reported that Messi scored twice to help Argentina

December 22, 2022

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Naira Falls In Official Window, Dollar Rate Declines In Black Market

The official market recorded another decline in the value of the naira, as the dollar rate went up by 0.23 per cent at the end of trading on December 21, 2022. According to trading data obtained from FMDQ Securities, the exchange rate

December 22, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

Updated: CBN Increases Cash Withdrawal Limit For Businesses, Individuals, Warns Banks

The maximum weekly cash withdrawal for businesses and individuals across all channels has been increased by the Central Bank of Nigeria (CBN). CBN revised the previous cash withdrawal policy, instructing commercial banks and other financial institutions that corporate organisations limit has been

December 21, 2022

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Nigerians Pay More For Dollar In Official Market, As Naira Crashes

At the Investors and Exporters (I&E) window of the official market, the exchange rate between the naira and the dollar appreciated to N452.67/$1 on Tuesday. This indicates the naira depreciated by -0.26 per cent when compared to the N451.5/$1 data from the

December 21, 2022

CURRENCY SWAP DEADLINE: N100trn National Output At Risk - CPPE

Business·Currency·Insights

4 Features To Help You Identify New Naira Notes

Amid circulation of fake N1,000 notes, the Central Bank of Nigeria (CBN) has released security features of the new naira notes that will help Nigerians isolate fake notes from the newly redesigned currency. A trending video had shown replication of the redesigned

December 21, 2022

Business

Elon Musk To Resign As Twitter CEO, As He’s Voted Out

The second richest man in the world, Elon Musk, has announced plan to quit his Chief Executive Officer (CEO) role at Twitter, two months after acquiring the company. Musk had taken over the Chief executive role after sacking Parag Agrawal, who was

December 21, 2022

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Fakoyejo Olalekan

Emefiele Flouts CBN Act – Speaker Gbajabiamila

House Of Reps To Probe FairMoney, Opay, Carbon, 39 Other Loan Apps

Market Cap Gains N13.07 billion, First Bank Sterling Top Trades

2022 In Review: How CBN Helped Dollar Speculators Win Big Against Naira

Qatar World Cup Win: Lionel Messi’s Face On Argentina Currency

Naira Falls In Official Window, Dollar Rate Declines In Black Market

Updated: CBN Increases Cash Withdrawal Limit For Businesses, Individuals, Warns Banks

Nigerians Pay More For Dollar In Official Market, As Naira Crashes

4 Features To Help You Identify New Naira Notes

Elon Musk To Resign As Twitter CEO, As He’s Voted Out

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