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2022 Budget: FG assures debt-level still sustainable, as debt-servicing hits 34% of total revenues
The Federal Government has assured citizens that its debt level is still within sustainable grounds and that its target over the medium term is to grow Revenue-to-GDP…
Oil down after bearish EIA data
Prices of the black liquid are down in the London trading session today, falling from their highest levels in more than a month after U.S. fuel stockpiles surged amid…
Singaporean richest billionaire, Forrest Li, loses $10 billion of his fortune
Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost about $10 billion of his fortune since the American…
Federal Govt introduces 6% tax on international e-commerce like Amazon, Alibaba, others
The federal government has disclosed that it would be charging 6% tax on turnover on e-commerce businesses provided by non-resident companies in Nigeria.
This was…
Naira falls at P2P market despite gains recorded at official window
Wednesday, 5th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416/$1.
Naira…
Amid CBN probe of FX defaulters, sales of FX to banks fall to $1.65 billion in August 2021
The Central Bank of Nigeria’s total foreign exchange sales to authorised dealers (deposit money banks) declined to $1.65 billion in August 2021 from $2.05 billion in July…
Buhari appoints Margaret Okadigbo as Chairman NNPC Ltd, makes other oil sector appointments
President Muhammadu Buhari has appointed Senator Margaret Chuba Okadigbo, wife of late former Senate President, Dr Chuba Okadigbo, as the new Chairman Board of Directors…
Ekeh, Zinox boss, commits over N500m to create jobs, promote peace in Imo
Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh, has committed the sum of over N500 million towards a novel initiative to create jobs and promote…
The Ethereum blockchain now averagely burns $23,000 per minute
According to data from Ultrasound Money, an Ethereum network tracker, after 152 days since the implementation of the EIP-1559 proposal, which gave the Ethereum blockchain…
Nigeria’s external reserve gains $5.15 billion in 2021
Nigeria’s externals reserve rose by $5.15 billion in 2021 to close at $40.52 billion as of 31st December 2021, representing a 14.5% rise compared to $35.37 billion…