The Naira lost almost half of its value in the official market as the exchange rate in the Investors and Exporters (I&E) window rose to N664.04 per dollar from N471.67 per dollar on Tuesday. The Central Bank of Nigeria (CBN) announced measures to liberalise the market, including the elimination of multiple...
Manchester United shares rose 13% to a two-month high on Tuesday after a report suggested that Qatar's Sheikh Jassim bin Hamad al-Thani's takeover offer for the English football club was likely to succeed. According to CNBC, Qatar's Al-Watan daily stated on Tuesday that Sheikh Jassim, son of the country's former prime...
Stan Kroenke's sports conglomerate has delivered an NFL, NHL, and now NBA champion in three straight seasons. His most recent triumph came on Monday night, when the Denver Nuggets won their first NBA championship in 47 years. Following the 2021 season, his Los Angeles Rams defeated the Cincinnati Bengals in the Super...
Non-oil export earnings rose to $75 million in October and November, according to Nigerian central bank figures. Earnings from non-oil export in October and November rose to $75m, figures obtained from the Central Bank of Nigeria have revealed. The CBN stated in its November economic report that non-oil export earnings rose by...
The Central Bank of Nigeria (CBN) yesterday asked merchants and traders across the country to embrace the Central Bank Digital Currency (CBDC)- the eNaira. At a media briefing on eNaira in Lagos, Otaru Abdulkadir, Giant team of the eNaira project, said the widespread use of the eNaira platform will ease the...
Central Bank is in discussions with tech firms about eNaira. Partner would help Nigeria meet goal of controlling technology. The Central Bank of Nigeria wants to develop its own software for the digital currency so that it can keep full control of the effort, according to two people familiar with the matter who...
During inflation, it is still possible to succeed with the right approach. Here are some steps you can take:
Nigeria's central bank has denied reports that it has approved the return of scrapped N500 and N1,000 notes. A joint statement by the Deputy Governor, Edward Adamu and Osita Nwanisiobi, Director, Corporate Communication of the Central Bank of Nigeria (CBN) has said it will not be issuing new N200 banknotes. The Central...
It seems difficult to keep up with personal and organizational demands this days based on so much uncertainties. But it is obvious that life is a continuum and so therefore the place of planning and budgeting cannot be a push over. A budget is a financial plan that outlines an individual’s...
