Money
New exchange rate as naira reverses gain, falls against US dollar in official and black market
The value of the Nigerian currency, the naira, continued its free fall against the United States dollar in the foreign exchange market, and it could get worse.
Elon Musk’s wealth hits all-time high as Dangote, other African billionaires drop in ranking
Elon Musk saw a significant surge in wealth after the US presidential election. However, most African billionaires, including Dangote, saw a decline in wealth.
10 banks with the highest customer deposits in 2024 as Nigerians save more despite hardship
The list of Nigerian banks with the largest customer deposits has been revealed, with UBA leading as Nigerians save over N100 trillion in accounts.
African Development Bank announces paid internship opportunities for Nigerians, others
The African Development Bank (AfDB) has wants smart Nigerian graduates and other African countries to apply for its internship program and get paid.
After increasing transfer fee, Nigerian bank announces date, time for card maintenance
Ecobank has announced plans to carry out card maintenance, which may lead to service disruptions during this period, and has provided advice to customers.
CBN issues instructions to banks as FG’s 9-month amnesty for illegal dollar deposit kicks off
The Central Bank of Nigeria has issued guidelines to commercial, and merchant banks on a new forex deposit scheme which FG hopes will forex inflow.
Donald Trump: Naira crashes to lowest level against US dollar in official market
The value of the naira continues its free fall against the US dollar in the foreign exchange market and is now currently at the lowest level in history.
Dollar rises against pound, euro after Trump’s victory, naira falls
The value of the United States dollar reached a new high against major foreign currencies following the triumph of Donald Trump as the next US president.
Elon Musk’s wealth soars as billionaire continues $1 million giveaway to ‘Trump supporters’
Elon Musk has significantly increased his net worth after Donald Trump cruised to victory. However, Africa's richest man, Aliko Dangote suffered some losses.
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