The federal government declared Tuesday as public holiday for Eid ul Mawlid, with banks closing while digital services remain accessible nationwide.
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Data shows Nigeria's top 3 richest men make over N430bn every day in January 2024
Nigerian billionaires Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga recorded a significant increase in their net worth in the month of January 2024.
Three companies owned by Tope Awotona, richest Nigerian in the US
Tech billionaire and Nigerian-born Tope Awotona owns stakes in three thriving companies, making him the richest Nigerian in the United States of America.
More than N1,500/$: Naira hits new record low after CBN sets limits on banks' forex operations
In contrast to the N1,491/dollar it ended the previous day, the value of the Nigerian naira further declined, hitting a new low on the unofficial market.
As Naira hits N1,500, BDC operators shut down business, give reasons
The naira depreciated to its lowest in both the official and parallel markets on Wednesday, January 31, 2024, forcing some BDC operators to close business.
“Do it or get suspended”: CBN sets limits on Access, GTB, Zenith, others dollar account balance
The Central Bank of Nigeria has announced a rule for Access, GTB, UBA and other Nigerian banks on the use of dollar funds in their account in the FX market.
“It is not falling”: Nigerians react as Naira exchanges at N1,500/$, Pounds, Euro set new rate
The Nigerian currency continues its depreciation against the US dollar, British Pounds, and Euro in all foreign exchange markets, bringing more worries to Nigerians.
CBN sends strong message to FX dealer as Naira hit lowest level against US dollar at official market
The Central Bank of Nigeria (CBN) has a message for forex dealers as naira at the official and unofficial foreign exchange market against US dollar.
N1,490/$: Foreign airlines counter CBN's claim of concluding payment of unpaid ticket revenues
Foreign airlines operating in the country have refuted the Central Bank of Nigeria's claim regarding the entire amount of unpaid ticket income...
Nigerian Bank announces new features to secure customers’ accounts, alert users on new codes
Nigerian financial technology companies, Opay have announced new security features to customers' accounts in response to fraud alerts and CBN directives.
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