Bitcoin, the leading virtual currency, saw its price pass $30,000 on Saturday for the first time in just its latest record high. The first decentralised cryptocurrency surpassed $30,823.30 at 1313 GMT, according to data compiled by the Bloomberg news agency, having broken $20,000 on December 16. Analyst Timo Emden noted that “the appetite for risk”, […]
A British firm, Panthera Resources Plc, has announced that its associated company, Moydow Holdings Limited (Moydow), has commenced drilling at its Paimasa Project in Nigeria. The diversified gold exploration and development company with assets in West Africa and India, said the drilling commenced through Moydow’s joint venture company, Gurara Holdings Limited (Gurara). The company made […]
…Say the development may cause youth restiveness Telecom dealers in the North have said that about 2 million Nigerian youths were rendered jobless, allegedly by the suspension of sale, registration and activation of SIM Cards by the Federal Ministry of Communications and Digital Economy. Arewa Telecom Operators Agents and Simcard Dealers Association (ATOASDA), told journalists […]
*CAC Tells Accredited Customers To Revalidate Accreditation Before 31st March, 2021 The Corporate Affairs Commission has stated that in a bid to commence the implementation of the Companies & Allied Matters Act, 2020, it shall be embarking on a system upgrade and therefore, making its portal inaccessible. The Commission disclosed this in a public notice […]
The Central Bank of Nigeria (CBN) has revoked the operating licenses of seven Payment Service Providers (PSPs) and one switching company, the regulator announced yesterday. An official gazette of the Federal Republic of Nigeria, dated November 30, 2020 and signed by the CBN Governor, Mr. Godwin Emefiele, which was posted on the apex bank’s website, […]
The Central Bank of Nigeria (CBN) has said it will investigate the current shortage of cash in Automated Teller Machines (ATMs) being experienced by bank customers in Lagos State. According to the News Agency of Nigeria (NAN), the CBN‘s Acting Director, Corporate Communications, Mr. Osita Nwanisobi, disclosed this yesterday, while reacting to some bank customers’ […]
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria ’ s crude oil exports . Sales of electric cars topped 2. 1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7. […]
Barely a week after the Federal Government had slashed the price of petrol from N166 to N162.44 per litre, oil marketers continue to sell the product at between N166 and N170, according to Vanguard investigation. The investigation showed that the oil marketers, especially members of the Independent Marketers Association of Nigeria, IPMAN, and Major Oil […]
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country . The Nigeria Deposit Insurance Corporation disclosed this on Friday in an announcement on its website titled ‘ Notice of closure of 42 microfinance banks’ . It stated , “ This is to inform the depositors, creditors, shareholders […]
Residents f Ministerial Pilot Housing (MPH) estate in Millenium City, Kaduna on Saturday staged a peaceful protest asking the National Electricity Regulatory Commission (NERC) and the Federal Government to compel Kaduna Electricity Distribution Company (KEDCO) to stop its “outrageous billings” and provide them with prepaid meters. The residents who carried signs with messages that read: […]
