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Naira value not decided by parallel market, says Emefiele

The Central Bank of Nigeria (CBN) has labeled the foreign exchange parallel market as tainted and a channel for bribery and corruption. CBN Governor Godwin Emefiele took a swipe at analysts who use parallel market figures as the country’s official exchange rate. Emefiele stated this after the Monetary Policy Committee (MPC) meeting in Abuja on…

Should You Invest in Bitcoin as a Nigerian?

There’s a lot of noise today about bitcoin, especially in 2020, with the COVID-19 pandemic being a huge factor. The price of bitcoin is volatile but it has kept a good track record across the globe over the years since it was launched in 2009. The crypto market has been making waves in Africa in…

Oil Bulls drive procés higher on COVID-19 vaccine success

Oil prices rose to their highest levels since March, with WTI nearing $45 and Brent topping $47. Oil prices surged on the potential for a third highly-effective coronavirus vaccine. Also, the seeming end of the election drama also boosted sentiment, as investors hoped for more stimulus under the Biden administration. “By some time in the…

Europe Reauthorisation For Boeing 737 MAX From January

The Boeing 737 MAX may be able to take to European skies as soon as January after the EU’s air safety regulator began the process Tuesday to recertify the plane. US regulators last week cleared the aircraft as safe after corrections were made to its flight handling system, ending a 20-month grounding imposed following two…

Hope PSBank delivers digital banking services to Customers

The management of Hope PSBank-a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital-first bank has assured customers-unbanked, underserved and banked of its readiness to deliver seamless digital banking experience to them as part of efforts targeted at promoting and driving financial inclusion in the Nigerian banking ecosystem. The assurance came during the launch…

Buhari launches largest modular refinery in Nigeria

President Muhammadu Buhari on Tuesday said the establishment of modular refineries in the country will make petroleum products available in the country and eliminate importation. The President spoke at the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State, as well as the Ground-Breaking Ceremony for the Phase-2 works…

Nestlé offers higher price to acquire more Nigerian shares

Nestlé S.A, world’s largest food company, has continued its direct secondary-market purchase of shares of its Nigerian subsidiary, Nestle Nigeria Plc, offering a premium of 12.03 per cent to close its latest deal. Trading documents yesterday showed that Nestle S.A has so far this month struck additional deals worth N444.67 million for the acquisition of…

Firm urges businesses on digital marketing

As the Covid-19 pandemic continues to restrict many people indoors, Dochase Adx Limited has advised business owners to go digital in increasing their customers base. Dochase Adx is a technology company that help businesses acquire and retain customers. Its Founder, Chibuike Goodnews during a virtual conference with title, “Acquiring and retaining customers in the new…

Nigeria’s Chartered Institute of Arbitrators hold annual conference

Chartered Institute of Arbitrators, Nigeria Branch will hold its Annual Conference from tomorrow, Wednesday, November 25 to Friday, November 27, 2020. In strict adherence to COVID-19 protocols, this year’s event will hold virtually. CIArb was founded in the United Kingdom in 1915, Incorporated in 1924 and granted a Royal Charter in 1979. It has a…

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