Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a huge panic. The world’s most popular cryptocurrency plummeted below $59,000 following the “flash crash”. This is a huge drop of more than $5,000 from the levels it was trading at just a few days ago. […]
INVESTIGATIONS have revealed that between 2008 and 2017, foreign shipping companies dumped a total of 425,909 containers in Nigeria, just as findings revealed that the Nigerian Ports Authority (NPA) has recently put in place measures to address this. According to data sourced from the NPA, foreign shipping companies were leaving larger numbers of containers behind […]
The long-drawn legal battle by the South African Company, Multichoice Africa Holdings B.V, with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over the disputed $342 million tax has been struck out. handed over to It by the FIRS. Multichoice Africa Holdings is the parent company of Multichoice Nigeria and has engaged FIRS in court […]
Less than 24 hours after the Central Bank of Nigeria (CBN) launched the eNaira, users have registered dissatisfaction with the functionality of its Speed Wallet application. Over 980 of the 1,951 reviews on Google Playstore gave the eNaira Speed Wallet a 1-star rating, putting the overall score at 2.1 out of five. Under the app […]
Economists have said that the eNaira, when rolled out, will have far-reaching implications for the future of the banking sector in Nigeria. The experts, in separate interviews, said whether the launch would be salutary or destabilising would depend on how it is implemented. The President, Major General Muhammadu Buhari (retd.), on Monday, launched the Central […]
The Chairman, Association of Bakers, Gabriel Adeniyi, has appealed to the Kogi State Government to reconsider its decision to chase away bread sellers from their selling points in the Lokoja metropolis. This follows the state government’s directive that motor parks within Lokoja and its environs be relocated to Lokoja Terminal Park for transport operations. Consequently, […]
Following the launch of the eNaira by President Muhamadu Buhari, the application for the digital currency introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank released regulatory guidelines which stipulate that charges for transactions that originate from the eNaira […]
The Central Bank of Nigeria (CBN) has launched a new policy to financially support 100 targeted private sector companies in 100 days. Godwin Emefiele, CBN governor, said this on Monday in Abuja during the launching of the eNaira project. The financial instrument titled “The 100 for 100 PPP – Policy on Production and Productivity,” Emefiele […]
*Where to start is to download the e-Naira app from google store place or apple. *Note that after requesting the app, you may be asked to verify your identity by entering your passcode or by using Touch ID or Face ID. *From the Home screen, tap the App store. If the e-Naira Speed Wallet app […]
The Central Bank of Nigeria has said that all transactions conducted on the newly launched digital currency platform, eNaira will be free for 90 days. The bank, however, stated that it will revert to its guide on applicable charges by banks and other financial and non-financial institutions at the end of the stated period. The […]
