More Nigerians sign-up on trading platforms • Central banking outliving lifespan, says economist • Unmatched earnings driving the popularity of investment Foreign techies and innovators have renewed the historic scramble for the Nigerian market, following official restriction of local transactions in cryptocurrencies. Newsextra24 learnt that the number and intensity of …
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Amazon Founder Jeff Bezos is back as the world’s richest person after Tesla shares fell, resulting in a slight erosion in Elon Musk’ wealth. Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking …
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Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre on Tuesday from N162 per litre. Some of the stations …
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The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021. This is 0.71 percent points higher than the rate recorded in December 2020 (15.75 percent). Increases were recorded in all COICOP divisions that yielded the Headline index. On month-on-month basis, the Headline index increased …
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THERE were indications, Monday, that stakeholders would soon emerge with a new price of petrol as the landing cost of the product rose from N151 to N180 per litre, due mainly to rising price of crude oil in the international market. The rise of crude oil price from $58 to …
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BUA Cement, Nigeria’s second largest cement company, has announced full year revenues of N209billion in its unaudited 2020 Full Year financial accounts representing an increase of 19% from the corresponding period in 2019. The company also announced a 16% increase in gross profits to N95.4billion in 2020 from N82.4billion Naira …
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Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold in light of the central bank’s decision to ban them, according to a report by Newsextra24. The regulatory body released a statement officially confirming any plans to regulate the cryptocurrencies are now on …
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India has become the second country to outrightly ban Bitcoin and other cryptocurrencies. This is coming after the Central Bank of Nigeria instructed all financial institutions in the country to block the accounts of all individuals and entities linked to cryptocurrency transactions. There has been a lot of drama surrounding India’s cryptocurrency …
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The continued closure of Nigeria-Niger border at Jibia town, Katsina State by the officers of the Nigeria Customs Service (NCS) despite President Muhammadu Buhari’s directive for its reopening is not yielding any positive results as smuggling of contrabands into Nigeria remained a daily occurrence at the border town. On December …
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Tony Elumelu Foundation Seeks Africans for its 2021 TEF Entrepreneurship Programme Application …. world-class business training, mentorship, non-refundable seed capital up to $5,000, and global networking opportunities The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, is currently running applications on its TEFConnect digital platform (www.tefconnect.com) …
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