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Lagos, Nigeria
Saturday, May 15, 2021

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...

CBN pumps $9.96bn into FX market in six months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its...

Nigeria sells treasuries to keep naira liquidity tight

Nigeria’s central bank sold N98 billion of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned...

Britain to add naira to list of accepted trade currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote...

South Africa’s Sun International close to exiting Nigeria

South Africa’s Sun International expects an investigation into a shareholder dispute at its Nigerian operation to be completed shortly, paving the way for the...

Teleology takes over troubled Nigeria telecomms firm 9mobile

Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54-year-old Nasiru Ado...

Nigeria’s Oranto Petroleum signs Uganda oil exploration deal

Nigeria’s Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert, the company said on...

Negative day for Nigerian stocks, N150 billion lost

Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the negative as the market capitalisation lost N150 billion and volume depreciated by...

NCC uncovers forceful subscriptions, illegal deductions by telcos

A large volume of forceful subscriptions and illegal deductions by the telecom service providers has been uncovered by the Nigerian Communications Commission (NCC). The...

Central Bank weakens naira to 307 per dollar

Nigeria’s Central Bank on Monday weakened the naira marginally, selling dollars at N307 each for the first time on the official interbank market, in...

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Expect more war, hunger & extremism in 2018 – report

Humanitarian crises around the world will worsen next year, with no let-up in civil wars in Africa, near-famines in war-torn regions and the threat...

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