Money
Another billionaire emerges as Africa’s richest man, Dangote gets new ranking after losing N700bn
Aliko Dangote's net worth has dropped among the richest people in the world, and he is no longer the richest in Africa, ranking behind South Africa’s billionaire.
Forex traders sell dollar at new exchange rate as Naira depreciates
The naira's value recorded a mixed performance against the United States dollar, British pound and also the Euro in the foreign exchange markets.
Expert predicts dollar to crash below N1,000, gives reasons
The value of Nigerian currency in the foreign exchange market has been projected to improve or depreciate further against the United States Dollar
UK cancels visa-free entry for 3 African countries, introduces Electronic Autorisation system
The United Kingdom has introduced Electronic Authorisation System for about 54 countries, including Botswana, Seychelles, and Mauritius and cancelled their free pass
CBN updates exchange rates as naira crashes against US dollar, British pound
The value of the naira in the Nigerian Foreign Exchange Market depreciated further against the United States dollar and British pound but gained to the euro.
CBN releases framework for newly introduced non-resident accounts for Nigerians abroad
The Central Bank of Nigeria (CBN) now has a newly introduced non-resident Nigerian ordinary account (NRNOA) and a non-resident Nigerian investment account (NRNIA).
Aliko Dangote loses Africa’s richest man title as net worth of Nigerian billionaires crash
Nigerian billionaire Aliko Dangote has lost his African richest man title as Mike Adenuga, Abdulsamad Rabiu and Femi Otedola all suffered massive wealth loses
CBN launches new types of accounts for Nigerians abroad, lists features, benefits
The Central Bank of Nigeria has announced two new types of accounts for Nigerians living abroad as part of its efforts to attract diaspora remittance.
Court rules on First Bank, Nduka Obaigbena battle over alleged $225.8m debt
The Federal High Court in Lagos has reportedly ordered that the assets of $225m linked to Nduka Obaigbena and others, following a debt recovery suit by First Bank.
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