Dave Ibemere
5982 articles published since 20 Sep 2021
5982 articles published since 20 Sep 2021
DR Congo will ban cash transactions in foreign currencies by 2027, joining Tanzania in efforts to curb dollarisation and strengthen its local currency.
Canal+ is restructuring MultiChoice, introducing clearer DStv pricing, expanding sales, and investing in content to reverse subscriber losses and drive growth.
Petrol prices have dropped across depots as competition with Dangote Refinery intensified, prompting operators to adjust rates downward to remain competitive.
The Central Bank of Nigeria debunked reports of another bank liquidation, urging the public to ignore misinformation and assuring the banking system remains safe.
Dangote refinery cuts diesel price after resuming loading operations, easing market pressure amid a drop in global crude oil prices after the US-Iran deal.
The stock market extended its bullish run midweek as investors gained over N300 billion, driven by strong buying interest in banking and oil stocks.
Imported petrol remains about 12% cheaper than fuel from Dangote Petroleum Refinery, according to the World Bank, reflecting ongoing distortions in fuel pricing.
The Central Bank of Nigeria will launch a new payment system as Nigeria’s electronic transactions surge past N1.07 quadrillion, boosting financial inclusion.
The naira weakened further against the US dollar and also depreciated against the pound and euro amid limited forex liquidity after the holiday break.
Dave Ibemere
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