Dave Ibemere
5056 articles published since 20 Sep 2021
5056 articles published since 20 Sep 2021
The Nigerian currency slightly strengthened against the US dollar in NAFEM on Tuesday but weakened against the euro and pound, amid mixed market movements.
Nigerian stocks closed higher on Tuesday as renewed buying lifted key equities, pushing market capitalisation up and reversing losses from the previous session.
Senegal has revoked Nigerian billionaire Arthur Eze’s offshore Cayar Shallow licence after Atlas Oranto Petroleum failed to meet financial guarantees.
NNPC petrol prices now trail Dangote partners, as motorists abandon costlier stations, buying cheaper fuel amid widening price gaps in Lagos and Abuja nationwide.
Nigerian banks have begun deducting 7.5% VAT on card maintenance and selected electronic banking fees, while deposits and transfers remain exempt.
The naira weakened in the official market as dollar demand outpaced supply, while it stayed stable at GTBank’s FX desk and unchanged in the parallel market.
FG invites Nigerian youths to register for the 3MTT NextGen Fellowship before January 31 to gain digital skills, mentorship, and real-world tech experience.
The CBN data show Nigerian banks charge up to 60% on loans while paying as little as 2.7% on savings, widening the gap between borrowers and depositors.
The combined net worth of the world’s top 10 billionaires has soared past $2.4 trillion in 2026, led by the richest man, Elon Musk, whose fortune is $714.2 billion.
Dave Ibemere
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