Naira appreciates at parallel market as speculators sell at N1400/$1
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Naira appreciates at parallel market as speculators sell at N1400/$1

Webby - March 20, 2024

Parallel market operators are quoting a buy price of N1400/$1 for holders of dollars looking to sell, marking a significant strengthening of the naira. Checks reveal that…

Tinubu’s Special Investigator, Jim Obazee Requests Over N2Billion From Central Bank Governor As Apex Bank Officials Raise Concerns
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Tinubu’s Special Investigator, Jim Obazee Requests Over N2Billion From Central Bank Governor As Apex Bank Officials Raise Concerns

Webby - March 19, 2024

In the letter dated December 22, 2023, Obazee requested funds for surveillance, vetting, security, addressing black spots, monitoring hotels, and acquiring vehicles. A letter addressed to the…

Naira trades below N600 to a dollar at official market
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Naira trades below N600 to a dollar at official market

Webby - March 19, 2024

The Nigerian naira appreciated slightly at the official market to close at N1,597.34/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown. This represents an…

NDPC probes alleged privacy breach at NIMC
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NDPC probes alleged privacy breach at NIMC

Webby - March 18, 2024

The Nigeria Data Protection Commission (NDPC) said it has launched an investigation into an alleged privacy breach on the data of Nigerians through the National Identification Number…

Customs exchange rate for cargo clearance drops to N1593/$
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Customs exchange rate for cargo clearance drops to N1593/$

Webby - March 18, 2024

The exchange rate for cargo clearance has dropped to N1593.41/$ from N1612.28/$ recorded last week representing a drop of about N18.87. Last week, the CBN through the…

Breaking: MainOne Gives Positive Update On Internet Services
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Breaking: MainOne Gives Positive Update On Internet Services

Webby - March 16, 2024

A major internet provider for most of Nigeria commercial banks and internet service providers (ISPs), MainOne, which suffered a major submarine cut that knocked major banks offline,…

Pressure Mounts On Biden Administration To Secure Release Of Binance Executives Detained In Nigeria
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Pressure Mounts On Biden Administration To Secure Release Of Binance Executives Detained In Nigeria

Webby - March 16, 2024

The Biden administration faces escalating calls to intervene in the Nigerian government’s detention of two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla. The detentions, which commenced on…

Internet service disruption: MainOne warns of five-week wait for submarine cable repair
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Internet service disruption: MainOne warns of five-week wait for submarine cable repair

Webby - March 16, 2024

Nigerians and many across West Africa brace for potentially sluggish internet as MainOne, a leading provider of submarine cable systems, revealed repairs on their damaged cable could…

NCAA issues warning to private jet owners engaging in commercial activities
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NCAA issues warning to private jet owners engaging in commercial activities

Webby - March 14, 2024

The Nigerian Civil Aviation Authority (NCAA) has issued a stern warning to private jet owners against the unauthorized use of their aircraft for commercial purposes, stating that…

Naira appreciates, drops below N1600/$ at parallel market
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Naira appreciates, drops below N1600/$ at parallel market

Webby - March 14, 2024

The naira, on Wednesday, appreciated by 1.88 percent to N1,570 at the parallel section of the foreign exchange (FX) market from the  N1,600/$ traded on March 11.…