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

FX Liberalisation May Increase FAAC Allocation To States By 20%

The new FX liberalisation will potentially increase federal allocation to states by about 15% to 20%, as the dollar component of the government revenues settle into the federation account at new official rate. The Federal Account Allocation Committee (FAAC) is responsible for

June 15, 2023

Business·Finance & Economy·News

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Indications are rife that, given the Central Bank of Nigeria’s decision to float the Naira, many Nigerian banks will soon raise new equity capital to shore up their capital base, while those with positive net FX exposure will book exchange rate gains

June 14, 2023

Business·Technology

Nigeria’s Telecom Access Gaps Drop by 53%

The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022. The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba

June 14, 2023

Business·Currency·News

10 Gains Of CBN’s Exchange Rate Unification – CPPE

The Centre for the Promotion of Private Enterprise (CPPE) says it welcomes the bold step taken by the Tinubu administration to unify the naira exchange rate and unlock the huge potentials for investment, jobs and capital flows. According to Dr Muda Yusuf,

June 14, 2023

Business·News·Oil & Gas

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

To ensure inclusive, impactful and sustainable palliative measures on fuel subsidy removal, there are at least 26 things the Nigerian government must do in the immediate, short and medium term, according to the Centre for the Promotion of Private Enterprise (CPPE). The

June 11, 2023

Business·Currency·News

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

How will the naira in the coming weeks respond to the goings-on in the Central Bank of Nigeria (CBN), given the suspension and eventual arrest of governor Godwin Emefiele? Lagos-based economic analyst, Razaq Abiola, believes that the current happenings at the CBN will

June 11, 2023

Nearly Half Of U.S Citizens Seek Verdict On Trump's Election Subversion Charge As November Polls Approach

News·World News

Trump Faces 37 Criminal Charges – See 47-page Indictment Document

U.S. Federal prosecutors have filed 37 criminal charges against Donald Trump. They accused the former president of illegally mishandling some of the US government’s most sensitive national security secrets. See below the 49-page indictment paper containing general allegations as sighted by Prime

June 9, 2023

Business·News·Technology

Telecom Sector Contributes N2.508 Trillion to Nigeria’s GDP

The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. Figures released by the National Bureau

June 9, 2023

News·World News

Trudeau Blames Climate Change As Wildfire Burn Across Canada

There is little relief in sight as wild fire continues to burn across Canada – consuming over 3.8 million hectres (9.4 million acres) so far – on Thursday. Reports say the fire is sending a smoky haze billowing across the US. cities

June 8, 2023

News·Politics·World News

South Korea Scrambles Jets As Russia, China Enter Air Defence Zone

South Korea scrambled jets after Russian and Chinese warplanes carrying out joint military drills on June 6 entered its air defence zone. The drill was to coincide with an increase in drills by the U.S and its allies. Prime Business Africa reports

June 7, 2023

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Editor

FX Liberalisation May Increase FAAC Allocation To States By 20%

Naira Float: 40% Of Nigerian Banks May Raise New Equity Capital

Nigeria’s Telecom Access Gaps Drop by 53%

10 Gains Of CBN’s Exchange Rate Unification – CPPE

Fuel Subsidy Removal: 26 Actions Tinubu Govt Must Take – CPPE

Naira-Dollar Rate May Hit N630 On Emefiele Suspension, Arrest – Expert

Trump Faces 37 Criminal Charges – See 47-page Indictment Document

Telecom Sector Contributes N2.508 Trillion to Nigeria’s GDP

Trudeau Blames Climate Change As Wildfire Burn Across Canada

South Korea Scrambles Jets As Russia, China Enter Air Defence Zone

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