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Elon Musk says former world’s richest man, Bill Gates, could go broke, gives reasons
Bill Gates, co-founder of Microsoft, might have to declare bankruptcy if Tesla overtakes all other companies in terms of value, Tesla CEO Elon Musk made a joke on X.
Elon Musk wealth soars to highest level in history, Dangote gets new position in world ranking
Elon Musk’s net worth has recorded an unprecedented surge to over $400 billion, marking him as the richest person in history, while Dangote achieves a new ranking.
More Nigerians secure POS terminals as new withdrawal, deposit charges emerge
The Nigeria Inter-Bank Settlement System has revealed a growing number of Point of Sale (PoS) terminals being deployed amid cash challenges in the country.
Access Bank secures deal to take over South African bank, targets more countries
Access Bank Holdings through its banking subsidiary Access Bank Plc is on the verge of buying another bank in South Africa as part of its expansion plans.
New exchange rate as naira crashes against dollar in official, black markets
The Nigerian currency recorded a poor performance against the dollar in the official and unofficial foreign exchange markets as speculators fight back.
Naira takes big hit against dollar as currency speculators push back last week's gains
The naira began the week with a decline, confirming currency traders' earlier warning that speculators might push back against the currency's recovery.
ABCON sets operating hours for BDC operators to buy and sell dollars
The Association of Bureau De Change Operators of Nigeria (ABCON) has set operating hours for its members as aligned by the Central Bank of Nigeria (CBN) and NSA.
Naira resumes gain against dollar in official market, crashes in another market
Twenty-four hours after depreciating, the naira finally recovered to its prior level of appreciation against the US dollar on the official foreign exchange market.
CBN dismisses claims of selling US dollars to BDCs at N1,301 exchange rate
The Central Bank of Nigeria (CBN) has clarified a fake circulated circular that it sells dollars at a very cheap rate to Bureau de Change operators.
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