The Nigerian stock market witnessed a powerful rebound on Tuesday, as investors welcomed the news headlines of the suspension of the CBN Governor, Mr Godwin Emefiele, by President Bola Tinubu. President Bola Ahmed Tinubu suspended Mr Godwin Emefiele, CFR, last ...

By Temitayo Jaiyeola Nigeria faces the second-highest number of cyberattacks in Africa according to a report by Kaspersky. Nigeria, which ranked 50th globally for online threats, was only behind Kenya which was ranked 35th globally. South Africa completed the top three, ...

Key highlights NITDA says several websites are now posing as ChatGPT to steal people’s data. Users are being lured from Facebook pages to fraudulent websites. The agency warns Nigerians to be wary of clicking on links they are unsure of ...

Intel (NASDAQ: INTC) confirmed on Tuesday it is ending production of its processors used to mine Bitcoin, slightly higher than a year after launching them.“Once we prioritize our investments in IDM 2.0, we’ve end-of-life the Intel Blockscale 1000 Series ASIC ...

Key highlights Analysts advise that CBN needs to work with the non-cash vendors to take the demand for cash. Scarcity experienced was the failure of Banks not having cash but non-cash outlets(POS, online) failing due to excessive demand. FG urged ...

In its April 2023 Africa’s Pulse report, the World Bank stated that Nigeria’s economy is likely to be driven by the non-oil sector as oil production is projected to keep subdued in 2023 due to many factors. More details from ...

Bitcoin slightly dipped as Binance spot trading was suspended. Crypto exchange Binance suspended spot trading amid an issue on the world’s most-used trading platform for cryptocurrencies. “We are aware of an issue impacting spot trading on Binance,” Binance tweeted. “All ...

Source On Friday, we said that the Fed will have to make an announcement before the Monday open, and we didn’t have to wait that long: in fact, the Fed waited just 15 minutes after futures opened for trading to ...

“Banks that served companies in the high-tech sector were at the center of the events. First of all, these are Silicon Valley Bank, Signature Bank, and Silvergate. Today, the problems accumulated by the States since 2008 are shooting up,” noted ...

The Federal Government has ordered filling station operators of filling stations across the country to start accepting the use of Point of Sales (POS) machines and bank transfers for the purchase of petroleum products, threatening to sanction them for non-compliance. ...