The Central Bank of Nigeria, on Tuesday, raised the interest rate to 14 per cent. The new interest rate comes barely two months after the apex bank raised the interest rate to 13 per cent. This was disclosed by the ...
Read More »A giant ship’s engine; Expertise and experience, that’s expensive.
A giant ship’s engine broke down and no one could repair it, so they took it to a Mechanical Engineer with over 40 years of experience.He inspected the engine very carefully, from top to bottom. After seeing everything, the engineer ...
Read More »Ighalo seals Al-Hilal’s 18th league title as highest goal scorer
Super Eagles striker Odion Ighalo has rounded off his season with Saudi Arabian side Al Hilal as the highest goal scorer of the 2021/2022 season of the Saudi Pro League.Ighalo scored a brace in Al-Hilal’s win against already relegated Al-Faisaly ...
Read More »Abomination: Bitcoin Breaks Down $20K, Crashes Below 2017’s Previous All-time High
Bitcoin’s price has just crashed below the iconic previous all-time high of 2017 at $20,000. This happens as the entire market tumbles amid rampant rumors and ongoing challenges. For the first time since December 2020, the price of BTC traded ...
Read More »Dollar rises by 21%, FX shortage persists after party primaries
The dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday, indicating a worsening liquidity crisis in the foreign exchange market of Africa’s biggest oil producer.Between June 2021, and June 2022, the dollar-to-naira exchange rate has risen ...
Read More »Tyson Fury Announces His Retirement from Boxing
World heavyweight boxer, Tyson Fury has confirmed that he is done with boxing following his victory over Dillian Whyte. The British man made the announcement on Pierce Morgan’s uncensored show on Wednesday, April 27th, 2022. According to the Boxer, he ...
Read More »CBN grants final approval for MTN to start banking operations as Momo PSB
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed in a press release titled “THE CENTRAL BANK OF NIGERIA GRANTS FINAL APPROVAL FOR MOMO PAYMENT SERVICE ...
Read More »The Dollar Devours the Euro
By Michael Hudson and posted with the author’s permission It is now clear that today’s escalation of the New Cold War was planned over a year ago, with serious strategy associated with America’s plan to block Nord Stream 2 as ...
Read More »CBN fines three banks ₦800m for flouting cryptocurrency order
The Central Bank of Nigeria (CBN) has fined three banks a total of N800million for failing to comply with the directive to block customers from transacting in cryptocurrencies.Recall that in February 2021, the apex bank directed banks to close accounts of ...
Read More »Cisco Ordered to Pay $1.9 Billion in Cybersecurity Patent Infringement Case
A US district judge has ordered Cisco to pay $1.9 billion to Centripetal Networks, Inc., for infringing on four patents related to cybersecurity. Founded in 2009, Centripetal focuses on cyber threat intelligence, providing solutions that help organizations defeat cyber-attacks. The ...
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