A Nigerian news reader has lamented how a huge sum of money suddenly disappeared from his account without a trace. Anonymous asked: “Last week, I woke up to N1.6 million missing from my account....
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See Top Ten African Currencies Compared To US Dollar
Africa is the world’s second-largest and second-most populous continent, known for its diverse cultures, landscapes, and wildlife. It’s home to some of the oldest civilisations, stunning natural wonders like the Sahara Desert and Victoria...
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JUST IN: American Express Credit Cards to be issued in Nigeria
American Express Co. is launching its first business credit card in Nigeria in partnership with local neobank O3 Capital, potentially improving access to dollars in the country. O3 Capital and Amex unveiled the product...
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JUST IN: Microsoft sacks workers at African Development Centre in Nigeria
Microsoft, an American technology company, has sacked its workers at the African Development Centre (ADC) in Lagos, Nigeria. The ADC is Microsoft’s initiative in Africa for an engineering centre to provide local solutions with...
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Order CBN to stop 0.5% charge on electronic banking transactions, SERAP urges Tinubu
A civil society organisation, SERAP, has urged President Bola Tinubu to use his “good offices to immediately direct the Central Bank of Nigeria (CBN) to withdraw the cybersecurity levy on Nigerians as it patently...
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Banks In Nigeria Close Two Million Accounts (See Reason)
Commercial banks in Nigeria have closed 2.021 million bank accounts in the first quarter of 2024, Q1’24. The move was taken to comply with regulatory orders on the linkage of bank accounts to the...
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CBN Allegedly Removes Report On Fresh ₦3.8 Trillion Loan From Tinubu Govt
The Apex bank of Nigeria (CBN) has removed the data which provided a fresh loan of N3.8 trillion in Ways and Means to the federal government from its website. Naijinfo earlier reported that the...
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Nigeria’s Crude Oil Reserves Hit 37.50 Billion Barrels – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said Nigeria’s crude oil reserves increased from 36.96 billion barrels (bb) on January 1, 2023, to 37.50 bb on January 1, 2024. Naijinfo report that the...
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BREAKING: Dollar drops, Changes below N1000 in Latest Exchange rate
Late Sunday saw a remarkable surge in the value of the Nigerian currency, Naira, against the US Dollar. Naira has exceeded crucial resistance levels and is even trading below ₦1,000 in certain sectors of...
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Dump Your Dollars Now To Avoid Tears, Naira Will Appreciate Soon – Presidency
The Special Adviser to President Bola Tinubu on Information and Strategy warned that the naira is set to appreciate and speculators will lose if they don’t dump their stock of dollars before it happens....
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