Naira to Dollars exchange rate reaches new high
September 26, 2022

Naira to Dollars exchange rate reaches new high

The Nigerian economy is crumbling and that is affecting everyone and the value of businesses and goods in Nigeria. The buying power for Naira has been plummeting at about 25 percent yearly. In 2019, dollar was around N350 to $1, now, in 2022, dollar to Naira exchange rate stood at N720 to $1 vi...

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These Nigerian banks are paying top salary
September 26, 2022

These Nigerian banks are paying top salary

Banking is a big business in Nigeria, and the top banks are paying huge sum of salary to help the Nigerian economy.  We collected data on all Nigerian banks; well, the top banks, and here is the data about how much they pay monthly in salary. Banks are getting a lot of business in Nigeria and this also means they need to hire more and they are always in the pipeline for job provision in ...

Kuda Bank is in big trouble with huge cash bleed
September 21, 2022

Kuda Bank is in big trouble with huge cash bleed

The most recent report about Kuda bank is not impressive at all and this may make them lose customers and then see reduced valuation. Kuda bank started its business as a free bank for Nigeria. After years of operation, the company is in trouble financially.  Recent reports show that the bank lost N6billion because of 69% of their loans.  They are also spending a lot of money on...

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