Three years after the Central Bank of Nigeria (CBN) signed a currency swap deal with the People’s Bank of China (PBoC), Nigerians are yet to feel the impact of that arrangement, especially as the free fall of naira, currently standing at N570/$1 at the parallel market persists. In April 2018, …
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Almost a month after the Central Bank of Nigeria forced foreign exchange update platform, Aboki FX, to suspend its operations, the naira has failed to rise on the parallel market although it has stabilised, Newsextra24 has observed. Worse still, the naira dropped by 2.6 per cent to N422 per dollar, …
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MTN Nigeria Communications Plc has announced compensation for its subscribers to make up for the network disruptions experienced last Saturday. On Saturday, 9th October 2021, MTN Nigeria users witnessed hours of network disruption caused by an outage that left customers without a connection. Olutokun Toriola, Chief Executive Officer, MTN Nigeria, …
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About 200 participating entrepreneurs are set to discover insights to leverage on the social media at the fourth edition of the Boost Your Business (BYB)Using Social Media Edition IV training. The training session – scheduled to hold on Thursday, October 21 at Funcity in Ikorodu Garage- is powered by the …
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The federal government has ordered Nigerian Civil Aviation Authority, NCAA, to commence demolition of certain masts belonging to Globacom Ltd, a renowned telco operator, across the country, over failure to pay N5.9billion renewal fees for height clearance to the agency. This directive, Apples Bite Magazine reliably gathered was issued by …
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The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday. At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1. The naira had depreciated by 0.19 per cent to 415.10/$1 …
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Vice-President Yemi Osinbajo says Ekiti state has a higher gross domestic product (GDP) than Gambia and several other African nations. Osinbajo advised that states in Nigeria “must think like sovereign nations” to improve the livelihood of their residents. The vice-president spoke at the Fountain Summit held in Ekiti on Thursday. …
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LinkedIn is closing down its social networking site in China, marking the departure of the last major US social media company from the country. The Microsoft-owned company announced on Thursday that it was closing down the localised version of its popular networking website after “facing a significantly more challenging operating …
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South-East pain spreads to Lagos, IPOB sit-at-home becomes Monday of horror, transporters, traders count losses, blood flows in Igboland Although a separatist group in the South-East, the Indigenous People of Biafra, has suspended every Monday sit-at-home it ordered in the zone, operators of buses, which ply Lagos-South-East lament effects of …
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Flutterwave Inc., a Nigerian payments firm, is seeking fresh funding at a valuation of $3 billion or more, a figure that would roughly triple its last valuation, according to people with knowledge of the matter. The startup, which has offices in Lagos, Nigeria and San Francisco, recently held discussions with …
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