Category Archives: Money

CBN deepens forex intervention, injects $210m

CBN deepens forex intervention, injects $210m

The Central Bank of Nigeria has continued its intervention in the inter-bank sector of the foreign exchange market by injecting another sum of $210m into

Naira up at N359/$ in parallel market

Naira up at N359/$ in parallel market

The Naira, yesterday, appreciated to N359 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux

World Bank President Kim quits Feb. 1 2019

World Bank President Kim quits Feb. 1

World Bank Group President, Jim Yong Kim, will resign effective from Feb. 1, more than three years ahead of the expiration of his term in

Court begins trial of man attempting to print N20bn counterfeit Naira notes

Court begins trial of man attempting to print N20bn counterfeit Naira notes

The Department of State Services, DSS, on Tuesday began the trial of one Mr John Elem, alleged to have attempted to print counterfeit Naira notes

Five businesses that require small start-up capital

Five businesses that require small start-up capital

A major barrier to many thinking of starting their own business is the perception that start-up costs are prohibitively high. That doesn’t have to be

Leaving bitcoins on exchanges risky – Analysts

Leaving bitcoins on exchanges risky

Analysts have said leaving bitcoins on stock exchanges is risky. According to them, bitcoins experienced its first bank run on Thursday. Coindesk reports that analysts

Investors lose N134.4bn on first trading day: Stock market

Investors lose N134.4bn on first trading day

Equities listed on the Nigerian Stock Exchange opened the year on a negative note as investors lost N134.4bn at the close of trading on Wednesday,

Hungary increases workers salary

Hungary increases workers salary

Hungarian government says it will increase the salary of its workers by eight per cent to enable them cater for the families. To this end,

How Money failed Nigeria’s Development

How Money failed Nigeria’s Development

The supremacy of money across Nigeria, yet the failure of – almost – everything regarding development is indicative of how little individual wealth means to

FIRS paid N4.62tn to FG in 11 months

FIRS

A total sum of N4.62tn has been paid into the federation account between January and November this year by the Federal Inland Revenue Service, figures

Cadbury rewards 30 employees for long service

Cadbury rewards 30 employees for long service

Cadbury Nigeria Plc has celebrated some of its employees that served the Company meritoriously for 10, 20 and 30 years, during its Long Service Awards

This is a list of 7 African billionaires whose net worth dropped in 2018

This is a list of 7 African billionaires whose net worth dropped in 2018

In 2018, some billionaires’ wealth dipped. This was due to new business ventures, the state of the global economy, some embarked on massive projects and

Clearing agent remanded for allegedly duping customer N5.6m

Clearing agent remanded for allegedly duping customer N5.6m

A 52-year old clearing agent, Cosmas Onodugo has been arraigned before a Lagos Magistrate Court for allegedly conniving with one Kingsley Okwudili and others still

5 simple money habits that will help you make more money in 2019

5 simple money habits

Everybody wants to make more money in 2019. I’m sure every Nigerian has this as part of their new year resolution. Making and saving more