On Tuesday 5th April 2022, the exchange rate between the naira and the US dollar closed at N416.83/$1 at the official Investors and Exporters (I&E) window. Naira diminished in value against...
Airtel Africa has made an announcement that its Nigerian subsidiary, Airtel Networks Limited (Airtel Nigeria), has successfully renewed its 2×10 MHz 2100 MHz spectrum license by paying a whopping sum...
Jack Dorsey, the founder of Twitter and payment technology company Square, has stated that the effects of the US dollar inflation is being negatively felt by Nigeria and other developing countries...
At the ceremony commemorating the inauguration of the Dangote refinery in Lagos, Godwin Emefiele, the President of the Central Bank of Nigeria, revealed that the refinery's operations would exert a su...
Plaintiff Keith Johnson, who bought Dogecoin in 2021, has filed a lawsuit against Elon Musk, SpaceX and Tesla in the Southern District of New York, wanting at least $86 million in...
The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
Many African fintech firms that provide virtual dollar card services informed their customers through email on Friday that their services would be discontinued effective on Saturday, July 16,...
Twitter's second quarter results, which were released on Friday, fell short of analyst expectations in terms of profitability, sales, and user growth. Twitter's stock dropped as much as 2% in pre...
After Weber abruptly announced that CEO Chris Scherzinger is leaving amid declining demand for its goods in shops and online, shares of the company fell more than 20% in premarket tra...
After market close on Monday, Walmart revealed new estimates for adjusted earnings per share. It said there will be a decline by 8% to 9% for the second quarter an...