Browsing Category

Business

Meta (Facebook) Fires 11,000 Employees

While the world is yet to recover from what the new owner of twitter Elon Musk did by firing almost half of the staff on Twitter, Meta came up with its own. Meta has decided to fire 11,000 Facebook employees, accounting for around 13% of…

Naira withdrawals and deposits into Binance now acceptable

One of the world’s largest cryptocurrency exchange platforms, Binance, has announced that Nigerians can now deposit and withdraw the Naira to and from their wallets. What this means is that Nigerian traders can now deposit and withdraw…

CBN Spends N281bn To Print New Notes In 5 Years

The Central Bank of Nigeria (CBN) has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period. Data from the apex bank showed that N33.37 billion had…

CBN Sell Polaris Bank For N50bn, New Owner Revealed

The completion of the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL) has been officially announced by the Central Bank of Nigeria (CBN). The announcement was made in a statement on Thursday by CBN’s Director,…

FG Confirms Petrol Subsidy Will Remain Till 2023

The Federal Government had on Monday August 29, stated that the petrol subsidy will remain in place until mid-2023. Minister of Finance, Zainab Ahmed who appeared before the House of Representatives Committee on Finance in Abuja on the…

Facebook, Instagram Now Supports NFTs

Meta  has announced that it will now let users post their NFTs across both Instagram and Facebook. Users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles…

How To Use The eNaira Wallet Without Internet

The Central Bank of Nigeria (CBN) has unveiled the Unstructured Supplementary Service Data (USSD) code for its eNaira, indicating that Nigerians without internet-enabled phones can use eNaira for transactions. The decision by the apex…

Telecoms Subscribers Kick As FG Plans 12.5% Call Tax

The National Association of Telecoms Subscribers has described the Federal Government’s decision to increase the total consumption tax on telecom services to 12.5 per cent as irresponsible and ill-timed. The association said that an…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More