Naira Now Undervalued After Float — Bank Of America
The Nigerian Naira has moved from being overvalued to undervalued following the government’s long-awaited foreign exchange reform, analysts at US-based Bank of America said...
Dangote Remains Africa’s Richest Man as Bloomberg Releases Billionaires’ List
Aliko Dangote, the President of Dangote Group, has maintained his status as Africa’s richest man, defying the fluctuations in the Nigerian currency against the...
Uber Nigeria Announces Increase in Fares
Uber Nigeria has announced a temporary fare hike.
PulseNets reports that this is aimed at assisting their drivers in navigating the difficulties posed by inflation...
Dangote loses Africa’s richest man position
Africa’s richest man title has been claimed by South African businessman Johann Rupert($12 billion) surpassing the long-standing champion Aliko Dangote($10.8 billion).
Rupert’s ascent...
CBN Lifts Restriction On Domiciliary Accounts, Allows $10k Withdrawals
CBN Issues Further Guidance on Operational Changes to Foreign Exchange Market
Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on...
Tony Elumelu, family raise stake in Transcorp to 36%
Nigerian tycoon Tony Elumelu and his family upped their stake in Transnational Corporation Plc (Transcorp) to more than one-third, taking their combined interest in the conglomerate to 14.6...
CBN floats naira, grants banks freedom to trade forex at any rate
The Central Bank of Nigeria (CBN) has authorised commercial banks to freely trade foreign exchange at any rate.
The authorisation means that banks now have...
Top 5 highest salary-paying Nigerian companies
PulseNets presents a list of top Nigerian companies that paid the highest average salary per staff in Nigeria in 2022.
Access Holdings, Nigerian...
Top 10 African countries with the largest gold reserves
Algeria is the African country with the largest gold holding, at 174 metric tons.
The North African country was followed by South Africa,...
Nigeria bans Binance operation, declares it illegal entity
SEC bans Binance operation in Nigeria, declares it illegal entity
The attention of the Securities and Exchange Commission (the Commission) has been drawn to the...
