FG bans 2,000 from travelling for evading COVID-19 test

  The Federal Government has imposed a travel ban on no fewer than 2,000 Nigerians and foreigners, restricting their movement in and out of the country. This was disclosed the National Incident Manager of the Presidential Steering Committee, Mukhtar Muhammad, at a briefing in Abuja. A statement from the PSC on COVID-19 said it had

By |2021-09-29T08:35:10+01:00September 29th, 2021|Categories: News, Business|0 Comments

Ahead of October Launch, eNaira Platform Goes Live

The official website of the upcoming Central Bank of Nigeria’s (CBN) digital currency, the eNaira, has gone live, exactly one week to the planned launch of the initiative. Remarkably, 24-hours after the website went live, it has recorded over one million hits, according to analytics monitored by THISDAY. The development shows a reflection of the

By |2021-09-27T13:55:41+01:00September 27th, 2021|Categories: Business|Tags: , |0 Comments

Bitcoin Tumbles as China Declares Cryptocurrency Transactions Illegal

The Chinese government yesterday intensified its crackdown on cryptocurrencies by declaring that all crypto-related transactions were now illegal in the country. Bitcoin responded negatively to this crackdown when it fell by 5.49 per cent to about $42,000, while Ethereum slumped by 7.71 per cent to $2,899, according to data from coinmarketcap.com. In May, the Chinese

Just In: Dollar crashes against Naira at parallel market

The naira held steady against the dollar at the parallel market on Monday at N509. The naira held steady against the greenback at the parallel market from the 509/$1 at which it closed on Friday. On the Investors and Exporters’ window, it opened at 411.39/$1. It had a high of 412.90/$1 and a low of

By |2021-08-10T12:40:23+01:00August 10th, 2021|Categories: Business|Tags: |0 Comments

Twitter ban: Nigerians lose N150.46bn in two months

Nigeria businesses may have lost N150.46bn ($366.88m) since the Federal Government’s ban on Twitter took effect in the country on June 5. This figure was calculated based on the NetBlocks Cost of Shutdown Tool. According to the tool, it costs Nigeria’s economy N102.77m ($250,600) every hour to ban Twitter. It has been 1,464 hours (61

By |2021-08-05T15:59:05+01:00August 5th, 2021|Categories: Business|Tags: |0 Comments

How to get damages against bank over failure of ATM to dispense cash – Lawyer educates Nigerians

The Head of Research and Administration of Nwoko & Co Law office, Uyo, in Akwa Ibom State, Mr Ekom Nwoko (Esq), has educated Nigerians on social media on how to seek redress and get damages against commercial banks over the failure of bank Automated Teller Machine (ATM) to dispense cash to their customers when the

Banks comply with CBN directive, commence sales of dollars to customers

Commercial Banks in Nigeria have set up dedicated teller points for FX transactions in compliance with CBN’s directive. Starnews Nigeria gathered that some of the banks had commenced selling of dollar at an official rate of N412/$. The local currency had last week plunged to an all-time high of 525 against the dollar at the

CBN to refund capital deposits, licensing fees to Bureaux De Change

The Central Bank of Nigeria has said that it will commence an immediate refund of all outstanding minimum capital deposits and licence fees to Bureaux De Change promoters with the pending licence applications. Starnews Nigeria reports that the apex bank said this in a circular released on Thursday. The action is coming after the apex bank Governor, Godwin

Cooking gas price rises to N500/kg as Dollar appreciates against Naira

Amid high unemployment and poverty levels in Nigeria    The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per kilogramme, forcing some Nigerians to turn to alternatives such as charcoal, kerosene and firewood amid high unemployment and poverty levels in the country. The price of

Yuletide: Air Peace To Roll Out Multiple Flight Schedules

Following the frustration expressed by passengers over inadequate flights ahead of the yuletide festivities, Air Peace on Saturday vowed to deploy more flights in the next few days. It assured customers that it has made adequate preparations to effectively service all its routes during the Christmas season, especially South East and South-South destinations. How Insecurity

By |2020-12-06T13:55:56+01:00December 6th, 2020|Categories: Business|Tags: |0 Comments
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