African Business News

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24529 naira loses further at official market amid currency scarcity

Currency swap: Naira appreciates slightly against dollar

By Ifunanya / February 11, 2023

The Naira exchanged at N461.50 to the dollar at the Investors and Exporters window on Friday. The number represented an […]

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32450 ncc launches telcare centre at abuja airport

Destruction of telecom facilities affect digital platforms – NCC

By Ifunanya / February 11, 2023

The Nigerian Communications Commission has said the destruction of telecommunications facilities in the country is affecting standard service delivery on […]

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17745 Bamboo System Limited

SEC issues digital broker licence to Bamboo

By Ifunanya / February 11, 2023

The Nigeria Securities and Exchange Commission has issued a broker licence to Bamboo SSEC issues digital broker licence to Bambooystems […]

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17643 DMO

DMO reopens four bonds estimated at N360bn for auction

By Ifunanya / February 11, 2023

The Debt Management Office has listed four bonds valued at N360 billion for auction. Announcing the bond auction on behalf […]

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New naira: Confusion deepens as CBN deadline ends today

By Ifunanya / February 11, 2023

Nigerians, especially bank customers, were gripped with confusion and uncertainty over whether today’s deadline by the Central Bank of Nigeria […]

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Currency swap crisis bites in Kwara as banks shut down operations

By Ifunanya / February 10, 2023

The crisis which trailed the currency swap across Nigeria continued unabated in Kwara State despite the Supreme Court ruling restraining […]

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CBN’s silence over February 10 deadline leaves Nigerians confused

By Ifunanya / February 10, 2023

Today marks the end of the Central Bank of Nigeria’s deadline to phase out the circulation of old Naira notes; […]

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TUC threatens to sue FG over fuel, naira scarcity

By Ifunanya / February 10, 2023

The Trade Union Congress on Thursday threatened to take “constitutional and legal ways” against the Federal Government over the lingering […]

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17160 Fuel queue

FG vows sanctions for fuel marketers rejecting PoS, transfers

By Ifunanya / February 10, 2023

Motorists queuing at a filling station in Lagos. Photo: Stanley Ogidi The Federal Government, on Thursday, commenced the deployment of […]

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How naira scarcity affects supply of fuel – IPMAN

By Ifunanya / February 10, 2023

The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency […]

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