Court Clears Way for CBN’s eNaira Launch
The Federal High Court, Abuja on Thursday okayed the take-off of the Central Bank of Nigeria Digital Currency (CBDC) also known as the eNaira. This emerged just as a civil
The Federal High Court, Abuja on Thursday okayed the take-off of the Central Bank of Nigeria Digital Currency (CBDC) also known as the eNaira. This emerged just as a civil
The Organisation of Petroleum Exporting Countries (OPEC) lost over $240 billion last year, following the collapse in demand and prices due to the Covid-19 pandemic, the cartel’s Annual Statistical Bulletin
Nigeria’s Court of Appeal in Abuja on Thursday joined Lagos State as a respondent in the appeal challenging the judgment of a Federal High Court which faulted the federal government’s
China Evergrande Group missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to meet
In a revolutionary move bound to change Africa’s media landscape, Nigeria’s mosf-authoritative newspaper THISDAY will be available to potentially 75 million Nigerian subscribers on the MTN network. THISDAY is now
Nearly 600 United Airlines employees face being fired after failing to comply with the firm’s Covid-19 vaccination policy. The vast majority of its 67,000 US staff have supplied proof of
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday projected a growing global oil demand from mid-2030s to 108 million barrels per day (bpd), after which it might begin to
Nigeria’s state-owned oil company, the NNPC will again make a huge deduction of N149.2 billion from the federation’s joint account when the Federation Account Allocation Committee (FAAC) meets next month,
As Nigeria continues to grapple with revenue shortfall and has gone borrowing to finance its huge budget deficit with debt service gulping as much as 98 per cent of its
About a week after plans by the US to end travel restrictions were announced, Lufthansa is experiencing a further boom for flights to the United States. On certain days in
Ahead of the launch of the Central Bank of Nigeria’s digital currency, the official website for the eNaira went live at the weekend and recorded over a million hits in
Access Bank Plc has launched it’s $500 million Senior Unsecured Eurobond. Standard Chartered Bank is collaborating with the bank, acting as Joint Lead Manager (JLM) on the bond. Standard Chartered
Nigeria, Egypt and South Africa dominate 80 percent of Africa’s portfolio investment market in the last decade and also account for about a 3rd of the incubators and accelerators. The
Oil prices extended their rally into the sixth session on Tuesday, with Brent crude hitting a near three-year high at above $80/bbl, amid concerns that post-pandemic global demand will outpace
Nigeria’s Vice President, Prof. Yemi Osinbajo has stated that the existence of Nigeria-Russia Chamber of Commerce and Industry will help consolidate the long lasting relationship and promote business opportunities between
Nigeria is the 10th largest oil producer in the world and the largest in Africa. Yet, in recent years, investments and growth of the nation’s oil and gas
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
Britain’s Prime Minister Boris Johnson is considering calling in the army to drive fuel tankers as petrol stations prepare for their fifth day of panic buying. The government on Sunday
The United Bank for Africa (UBA) has published the names and account numbers of some customers who allegedly defied the forex policy of the CBN. The individuals were said to
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that the apex bank’s interventions to protect the economy from the impacts of COVID-19 represented 3.5
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