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Lagos, Nigeria
Friday, August 17, 2018

Samsung Galaxy Note 7 owers get massive discount on Note 8

Samsung's Note 7 incident cost the company a lot of money and some goodwill. But the financial burden isn't over yet because the firm...

Experts predict high inflation rate in coming months

Two financial experts on Monday said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due...

IMF warns Angola, Gabon, Nigeria over debt-servicing

The International Monetary Fund (IMF) has warned that debt-servicing costs are becoming a burden, especially in oil-producing countries, noting that such costs were expected...

Nigerian banks lose 2m customers in 2 years – Statistics

Despite Central Bank of Nigeria’s effort to promote financial inclusion, Nigerian banks lost over two million customers between 2016 and 2017. According to statistics from...

Boeing to sell planes worth $37 billion to China

Boeing Co (BA.N) said it signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at...

Naira maintains N361 per dollar at parallel market

The naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency...

Emefiele predicts $40bn external reserves, stronger naira in 2018

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the nation’s external reserves will rise to $40 billion in 2018 to give...

OLX shuts down Nigeria offices

There are indications that OLX, an online marketplace owned by Naspers, has shut down its offices in Nigeria, a move that will affect over...

Bitcoin reaches record high of $6,000

Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors...

Bitcoin recoups losses after worst week since 2013

Bitcoin rose 13 per cent on Tuesday, recovering about half of the losses it sustained last week, its worst since 2013, as investors who...

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Pastor kills 9-month-old girl, two women

The police have arrested a pastor in Afam, Rivers State, for allegedly killing a nine-month-old girl and two women who are members of his...

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