Good morning, here are the latest top business news headlines for today Friday, February 2021.
Crytocurrency Ban: Experts Urge CBN To Regulate Trade
Cryptocurrency traders and other experts have advised the Central Bank of Nigeria, CBN, to introduce regulations for cryptocurrency trading.
This, according to them, is because there are a lot of benefits that…Read more
Naira Falls To Weakest Level On Low Dollar Supply
Naira weakened against the dollar to its lowest level in more than 10 months on Wednesday.
The exchange rate at the Investors and Exporters window depreciated on Wednesday…Read more
CBN Directs Banks To Accept Immigration IDs For Refugees
The Central Bank of Nigeria (CBN) has instructed banks and other financial institutions to accept relevant refugees’ means of identification for financial transactions.
The apex bank particularly said Machine Readable Convention Travel Document…Read more
Binance Launches Express Mode For P2P Trading In Nigeria, Adds NGN FIAT
Cryptocurrency exchange Binance has announced the addition of an NGN FIAT/NGN pair to its Peer to Peer (P2P) trading platform in Nigeria.
This will enable users to buy and sell their naira FIAT balance on the…Read more
Olam Leads November Non-Oil Exports, Earns $26.65 Million
Olam Nigeria Limited has again led the other non-oil exporters to earn the highest foreign exchange for Nigeria in November 2020.
The November Economic data published by the Central Bank of Nigeria…Read more
FG’s Debt Outstanding Stood At N31trn In June – CBN
The debt of the federal government stood at N31.01 trillion at end-June 2020, with the bulk of it from domestic components making up 57.6 percent.
This was disclosed by the Central Bank of Nigeria…Read more
Africa’s COVID-19 Recovery Rest On Vaccines, Debt Relief – AfDB
The President of the African Development Bank, AfDB, Dr. Akinwumi Adesina, has called for fair access to COVID-19 vaccines for Africans, saying when combined with debt relief, African economies would recover faster and better from the pandemic.
Adesina said this while speaking at a virtual event held in…Read more
Investors Shed N426 Billion In Continuous Losing Streak
Investors in the Nigerian stock market lost N425.919 billion on Wednesday, bringing the month-to-date loss close to N1 trillion as selling pressure weighed on a market affected by loss-making since February began.
Investors put up large volumes of shares in Fidson, CAP, Regal Insurance…Read more
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