Business

Bitcoin tops $60,000, approaches all-time high

Bitcoin tops $60,000, approaches all-time high

Bitcoin passed the $60,000 mark on Wednesday, approaching its all-time high and continuing its unbridled rise since the approval of a new type of investment indexed to the cryptocurrency.
Visible Articles 5 10 15
Forex: CBN orders BDCs to pay BTA, PTA beneficiaries 25% cash

Forex: CBN orders BDCs to pay BTA, PTA beneficiaries 25% cash

The Central Bank of Nigeria has ordered Bureau De Changes (BDCs) to pay 25 percent of foreign exchange purchased for Business Travel Allowance or Personal Travel Allowance in cash while the remaining 75 percent should be transferred electronically to the customer’s Nigerian domiciliary account or prepaid card.

Credit to govt rises 7.6% to N36.16trn

Credit to govt rises 7.6% to N36.16trn

Credit to the government rose month-on-month, MoM, by 7.6 per cent to N36.16 trillion in January 2024 from N33.6 trillion in December 2023.

IMF sees Naira depreciating by 35% to N2,081/$1 in official market

IMF sees Naira depreciating by 35% to N2,081/$1 in official market

The International Monetary Fund, IMF, has warned that the official exchange rate may further depreciate by about 35 per cent, this year, adding that this could lead to inflation rate peaking at 44 per cent before the monetary policy tightening could bring the situation under control.

IMF sees Naira depreciating by 35% to N2,081/$1 in official market

IMF sees Naira depreciating by 35% to N2,081/$1 in official market

The International Monetary Fund (IMF) has warned that the exchange rate of the Naira may further depreciate by about 35 percent this year, adding that this could lead to inflation rate peaking at 44 per cent before the monetary policy tightening could bring the situation under control.

ANAN charges members to embrace technological innovations

ANAN charges members to embrace technological innovations

ANAN holds Mandatory Professional Development Programme in Lokoja, charges members to Embrace Technological Innovations. By Boluwaji Obahopo, LOKOJA The Association of National Accountants of Nigeria (ANAN) has charged experts in the accounting profession to avail themselves of technological innovations that can make them abreast of their duty in the 21st century. The association also tasked […]

Electric vehicle sales lose market share in Europe

Electric vehicle sales lose market share in Europe

The market share of electric vehicles dropped below 11 percent in Europe last month, despite an increase in sales as the overall auto market rebounded, data released on Tuesday by the European Automobile Manufacturers’ Association (ACEA) showed.

NGX opens week negative, down 3.15%

NGX opens week negative, down 3.15%

Transactions resumed on the Nigerian Exchange Ltd. (NGX), on Monday, on a negative posture with the market indices declining by 3.15 per cent due to selloffs.