The naval officer who stood against FCT Minister Nyesom Wike has got Nigerians talking after a video of him addressing his men as the minister left emerged.
Discover how NAPEP empowers youth, micro-entrepreneurs, and unemployed graduates with vocational training, grants, job creation, and micro-credit support.
The local currency fell significantly on Thursday, May 29, closing at N1,877/£, from N1,524/£ the day before, according to data seen on the CBN website.
Matthew Woodward, director of Search Logistics, discusses some interesting facts about the top 10 most searched entrepreneurs, based on global monthly search volumes
Latest data from FMDQ Securities showed the naira closed at N1484.75 to the dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM), continuing its fall.
A bank customer wrote asking for advice on what to do as he could not withdraw with his ATM card despite having over N22,000 in his current account balance.
The naira appreciated against the dollar in the black market, showing signs of recovery, even though it failed to replicate the performance in the official market.
Naira has depreciated in the official but appreciated in the black markets, as traders quote new exchange rates, reflecting the serious pressure in the FX markets.
The CBN's regulatory guidelines, establishing minimum capital base at N2 billion for Tier-1 and N500 million for Tier-2 operators, were rejected by BDC operators.
To keep up with competition in the industry and meet CBN's latest capital base requirement, Wema Bank PLC has announced plans to expand to the south-east.
The naira's inconsistent run against the dollar continues in the official and unofficial markets and FMDQ, the data provider, has shared more interesting insights.
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