The Naira exchanges for N698 to one US dollar a t the black market on Thursday. Nairametrics is reporting black market forex operators as confirming the fall. The FX traders reportedly cited sustained scarcity of dollar and the increased demand for dip. This might be a sign of recovery for the Nigerian currency, after it […]
FOREX: Naira falls to N698/$1 at black market Read More »
Zenith Bank has declared N405 billion as its 2022 half-year earnings, as against N346 billion it recorded about the same time last year. This bank stated this in its audited half-year financial results the bank, which it presented to the Nigerian Exchange (NGX) on Tuesday, 23rd August 2022. The bank attributed the development to N42billion
Zenith Bank declares N405 billion half-year earnings, N7.15 trillion customer deposits Read More »
The Africa Fintech Foundry (AFF) says it is collaborating with the Central Bank of Nigeria (CBN) to support 10 startups to increase the adoption of eNaira in the country. The head of AFF, Daniel Awe, said this on Saturday in Lagos. He spoke on the sideline of the Semi-Final Pitching of the eNaira Hackathon 2022.
eNaira: CBN to support 10 startups Read More »
Meta has announced new privacy features for WhatsApp users. Users will be able to leave group chats silently, control who can see their online status and block screenshots on View Once messages. Meta chief executive Mark Zuckerberg said this would help keep WhatsApp messaging “as private and secure as face-to-face conversations”. It will begin rolling out
WhatsApp launches new privacy features Read More »
Nigeria’s crude oil production decreased in July to an average of 1.08 million barrels per day (bpd) from 1.16 million the previous month. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said this in its latest crude oil and condensate production data for July 2022. The report shows a 6.42 percent decrease from June’s production figures. With
Nigeria’s oil production falls to 1.08m b/d Read More »
Power distribution companies (DisCo) in Nigeria have specific obligations to every consumer before disconnecting supply. These obligations are: A DisCo must write to a customer 10 days before disconnecting from power supply It is illegal for any official working for a DisCo to barge into a customer’s premises even if he has outstanding debt
DisCos cannot disconnect customers owing electricity bills, except … (READ) Read More »
It is not uncommon to see the caveat, “Vehicles Parked At Owner’s Risk”, boldly painted on the outer walls of banks and at other business places. This in simple term means the care and safety of a vehicle parked on such premises and other valuables therein is the duty of its owner. As stated in
Read, Learn from how bank customer lost N22m Read More »
Every bank customer must know this: you do not exist because of the banks. Rather, banks owe their existence to your continued use of their services and products. Therefore, they are duty-bound to serve you and respect your rights. Yes! You heard that. Every consumer of banking services has rights and obligations. Consumertrics, in this
What your banks will not reveal to you as a customer Read More »
The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has issued a public alert disclaiming a fake advertisement about job openings in its employ. Garba Deen Mohammed, the group general manager, group public affairs division, issued the disclaimer. He warned the public to be disregard the scam advert. He stated that the whenever recruitment will be
Alert: NNPC Ltd. not recruiting, beware of scam Read More »
Nigeria’s foreign reserves has plummeted from $35.37m, as at May, to $376,655.09 at the end of June. This is happening amid limited crude exports, biting fuel subsidies, piling debt and a struggling economy. The balance of the foreign reserve was released by the accountant-general of the federation. Nigeria, typically Africa’s largest oil exporter, has struggled
Nigeria’s foreign reserves plummets to $376,655.09 Read More »
