Finance

MTN Nigeria incurs $500 million in forex losses, shareholders funds wiped out

The recent financial disclosures by MTN Nigeria Plc paint a stark picture of the economic challenges gripping the nation. The…

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Is it possible for the government to return fuel subsidy? Peg exchange rate to N600/$

A lot of Nigerians have wondered about the possibility of the government reinstating the fuel subsidy to N400/litre and pegging…

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Understanding CBN’s MPR Increase and Its Impact on Banking Dynamics

The recent adjustment in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) has left many wondering…

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Powerball: American man sues lottery after being told $340m win is error

In a shocking turn of events, a Washington DC man, John Cheeks, is taking legal action against Powerball and the…

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CashPaddie Loan App: customer care number, APK download

CashPaddie is a Nigerian loan app that offers instant and unsecured loans of up to N50,000. Interest rates range from…

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CBN stops foreign oil companies from remitting 100% of forex proceeds abroad

Naira Tightrope: CBN’s New Move Shakes Up Nigeria’s Oil Sector The Central Bank of Nigeria (CBN) has thrown a curveball…

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Nigeria’s crude production drops to 1.419mbpd, OPEC reveals

Nigeria’s Crude Oil Production Dips Slightly in January 2024 In January 2024, Nigeria experienced a marginal decline in crude oil…

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Only 11 Nigerian States Projected to Cover Worker Salaries in 2024

In the fiscal year 2024, only 11 out of Nigeria’s 36 states are projected to generate sufficient income to cover…

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Safaricom stops M-PESA transfers to unregistered users

In a recent development, Safaricom, Kenya’s leading telecommunications provider, has introduced a significant policy change impacting its widely used mobile…

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Airtel Africa losses 99% of its profits on the back of currency devaluation in Nigeria and Malawi

Airtel Africa, a prominent telecommunications firm operating in 14 African countries, has reported a staggering 99% decline in profits for…

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