Trending now
Naira weakens to 532/dollar despite rising forex reserves
0The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign exchange reserves. The forex reserves, which fell to a record low of $33.09bn on July 12, have risen to the highest level in more than three months. The PUNCH had reported on Friday that the […]
Latest Breaking News
Naira weakens to 532/dollar despite rising forex reserves
0The Nigerian currency weakened further against the dollar at the parallel market on Monday despite the rise in the country’s foreign exchange reserves. The forex reserves, which fell to a record low of $33.09bn on July 12, have risen to the highest level in more than three months. The PUNCH had reported on Friday that the […]
DMO offers September savings bonds for subscription
0The Debt Management Office has opened the September savings bond offer to investors. The DMO said this in a circular on Monday that it is offering the Federal Government’s two-year and three-year savings bonds. The circular posted on its website was titled ‘FG savings bond offer for subscription September,2021’. According to the circular, the two-year […]
Reps pass Bill to restrict foreign vessels in Nigeria coastal waters
0The House of Representatives on Thursday passed for second reading a bill that seeks to restrict the use of foreign vessels in domestic coastal and inland commercial activities and paving the way for Nigerians to operate without competition from foreign vessels. The bill titled “An Act to Amend the Coastal and Inland Shipping (Cabotage) Act, No. […]
Currency in circulation drops to N2.78tn
0Currency in circulation in the country dropped by N50bn to N2.78tn in February from N2.83tn as of January, the latest figures obtained from the Central Bank of Nigeria showed on Thursday. The CBN disclosed that the currency in circulation dropped by N70bn in January from N2.9tn as of December 2020. According to the CBN, currency […]
E-Commerce Through and Through
0With the Covid-19 pandemic still threatening global economies and altering hitherto established social orders, the world is looking to e-commerce as both today’s and tomorrow’s trade solution to overcome the drawbacks created by the pandemic. Last December, in the midst of the pandemic and its many restrictions on movement, online purchase came in handy for […]
CBN sets 94% target for financial inclusion by 2024
0The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged Nigerians to harness the benefits of the underlying crypto technology to benefit the economy just as the apex bank has set 94 per cent financial inclusion target for Nigeria by 2024. Emefiele stated this at the weekend in his virtual address declaring […]
How technology is reshaping the future of work
0From the earliest period of man to the stone age and beyond, humanity, even in its crudest form, has always had the capacity to innovate and improve its environment. Across the globe, emerging technologies continue to affect day-to-day activities, from the way people communicate to the way organisations carry out their activities. With this trend, […]
What data say of Nigeria’s economy
0In the data world, like every other genre of science, there is no room for ambiguity but sufficient allowance for those who want to read the motive of the information source. But last week, the National Bureau of Statistics (NBS), a public agency, gave scary statistics about the performance of the economy, indicting the Federal […]