Pascal Oparada
6414 articles published since 29 Nov 2021
6414 articles published since 29 Nov 2021
The Nigerian currency has maintained a negative run against the naira in the official and parallel markets, losing 0.09 per cent in the official window on Wednesday.
The Nigerian Communications Commission have finally unveiled the names and USSD codes of prominent banks to be disconnected due to their debts to telcos.
One of Nigeria's tier-2 banks, Sterling Bank, has allegedly raised its staff salaries by seven per cent to help them to cope with high living standards and inflation
The Nigerian government is set to blacklist 18 financial institutions over N250 billion Unstructured Supplementary Service Data (USSD) debt to telecom companies.
The Central Bank of Nigeria has sanctioned nine banks N150 million each for failing to load cash in their Automated Teller Machines ATM at Christmas.
The Nigerian Communications Commission (NCC) has directed telecommunication companies to disconnect 18 banks due to their inability to pay N250 billion in debt.
A new report has predicted that Nigeria and Angola will lead the surge in crude oil production to seven million barrels per day in Africa in 2025.
Nigeria's digital currency, the eNaira, has recovered most of its value, rising by 78.8% to N18.32 billion in the first 10 months of 2024, CBN's data says.
Technology and telecommunications companies reportedly owe banks about N1.69 trillion in the past year due mainly to rising interest rates by CBN.
Pascal Oparada
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