Olam Nigeria Limited has paid a huge bail bond of N1billion to secure the release of one of its directors, Prakash Kanth. The payment was made into a special recovery account operated by the State Security Service, SSS. Other top executives ...
Read More »Emefiele suspension: Nigerian Stocks post 4% gain
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 ...
Read More »Dried Smoked Cooked Catfish SZ1-4 Fillet
Dried Smoked Cooked Catfish at a pretty low temperature for 4 days from Lagos, Nigeria. It is very tasty and delicious. The Size 1 package includes 4-5 pieces weighing about 300 grams. Each order is carefully prepared and packaged for ...
Read More »Intel stops Bitcoin mining chips almost a year after release
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 ...
Read More »Naira Redesign: What CBN needs to do to prevent another scarcity
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 ...
Read More »Binance Temporarily halts Spot Trading; Bitcoin Dips $700 Immediately
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 ...
Read More »The US financial sector is experiencing a large-scale crisis: the activities of two large Silicon Valley banks have been discontinued at once.
“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 ...
Read More »Zainab Ahmed says Nigeria disagrees with ‘surprise’ Moody’s downgrade
Nigeria’s finance minister, Zainab Ahmed, said on Thursday that she disagreed with what she called a “surprise” downgrade of the country’s credit rating by Moody’s. She insisted that the government was already addressing the agency’s concerns. Last week, Moody’s downgraded ...
Read More »Russia may issue gold-backed digital ruble
Russia may issue gold-backed stablecoins for international settlements, said Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, following his visit to Iran. “We discussed the issuance of stablecoins, digital financial assets, secured by certain values. For example, ...
Read More »Niger traders lament scarcity of new Naira notes
Traders in Niger State have lamented the scarcity of the new naira notes, as some of them said they were also yet to be well sensitised to the new notes in circulation, especially those in the rural areas. This was ...
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