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Business - Page 444

Dollar Rate Drops By N10 In Black Market

Over N10 was removed from the foreign exchange rate for the United States dollar (USD) in the black market on Wednesday, December 24. According to Naira Rates, the price for a dollar had depreciated to N1,467.99 kobo per $1, from the N1,477.99

December 24, 2025

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar, Pound, Euro Rates Slump After CBN Lifts Ban On Black Market

The naira increased in value after trading closed on Friday in the official market, appreciating by 0.15 per cent, as the United States Dollar (USD) ended trading at the rate of N739.52/$1. In the official window, the price of the dollar was

August 21, 2023

Africa·Business·News

Kaspersky, INTERPOL Join Forces To Tackle Cybercrime Across Africa

Kaspersky has supported INTERPOL with threat intelligence data in its Africa Cyber Surge II operation, which enabled investigators to identify compromised infrastructure and apprehend threat actors suspected of cybercrimes across the African region. The operation resulted in the arrest of 14 perpetrators

August 21, 2023

Business·News

Stakeholders Gather In Lagos, Chart Discourse On Fastracking African Devt

Distinguished figures from governments, diplomatic community, civil society, and the public and private sectors have converged in Lagos for the two-day Africa Social Impact Summit (ASIS) 2023, jointly organised by the Sterling One Foundation and the United Nations, Nigeria. The summit, held

August 21, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

The Central Bank of Nigeria (CBN) has lifted the restriction placed on the sale of foreign exchange to the Bureau De Change (BDC) operators under Godwin Emefiele. In a statement released on Friday, the CBN said the BDC operators will operate in

August 18, 2023

Business·Markets

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

In a report obtained from the Nigerian Exchange Limited (NGX) on Friday, the stock market capitalisation closed at N35.42 trillion, up from Thursday’s N35.27 trillion. It indicates the Nigerian bourse’s valuation took an upward swing, rising by N148.93 billion or 0.42 per

August 18, 2023

Business

Escalating Inflation Across African Markets Erodes Jumia’s Customer Base

Jumia, one of the top e-commerce titans in the African market, has disclosed that it experienced distressing financial performance in the second quarter of 2023, dropping 28.1% in its customer base. This alarming depreciation has been significantly attributed to the relentless surge

August 18, 2023

Business

CBN Threatens Importers With Sanction After Launching FX Price Verification System

The Central Bank of Nigeria (CBN) has threatened to sanction importers for infraction as regards Form M application, as it launches a foreign exchange (Forex/FX) price verification system. In a statement released by the CBN’s Trade and Exchange Department to all banks

August 18, 2023

Business·News·Sports

Football Transfer News: Chelsea Completes £58m Lavia Signing From Southampton

Chelsea on Friday morning confirmed the signing of Belgian midfielder Romeo Lavia from Southampton on a seven-year contract after the player was courted by Premier League rivals, Liverpool

August 18, 2023

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

Business·Currency

Black Market Dollar Rate On Free Fall Since CBN’s Warning To Speculators

On Thursday, foreign exchange traders in the black market recorded N33.5 kobo drop in the price of the United States Dollar (USD). The dollar was sold in the Bureau De Change window of the black market at an average rate of N877.4/$1,

August 18, 2023

Business

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

The Central Bank of Nigeria’s (CBN) Financial Services Regulation and Coordinating Committee (FSRCC) has issued a guideline to help Nigerians avoid illegal financial operators in the country. According to the regulator, the illegal financial operators are luring unsuspecting Nigerians with extraordinary returns

August 18, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 444

Dollar Rate Drops By N10 In Black Market

Dollar, Pound, Euro Rates Slump After CBN Lifts Ban On Black Market

Kaspersky, INTERPOL Join Forces To Tackle Cybercrime Across Africa

Stakeholders Gather In Lagos, Chart Discourse On Fastracking African Devt

CBN To Resume Forex Sales To BDC Operators, Reveals Guidelines For Parallel Operations

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Escalating Inflation Across African Markets Erodes Jumia’s Customer Base

CBN Threatens Importers With Sanction After Launching FX Price Verification System

Football Transfer News: Chelsea Completes £58m Lavia Signing From Southampton

Black Market Dollar Rate On Free Fall Since CBN’s Warning To Speculators

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

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