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Naira Lost 10% Of Its Value In 2022 – World Bank

The World Bank announced that the naira suffered a record depreciation of 10.2 percent in 2022. This, the World Bank…

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Bitcoin Platform With Over 1Million Nigerian Customers Shuts Down

Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was…

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Wema Bank Appoints Moruf Oseni As It’s MD/CEO

Wema Bank Plc, on Saturday, announced the appointment of Moruf Oseni as its substantive Managing Director and Chief Executive Officer,…

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CBN Increases Interest Rate To 18%

Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to…

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Lebanese Pound Hits Historic Low Of 100,000 To Dollar

The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, the latest sombre milestone…

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Bitcoin Tops $25,000 To Hit Eight Month High

Bitcoin hit an eight-month high to increase past $25,000 on Thursday as the volatile cryptocurrency surges regardless of pressure from…

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Jumia Sacks 900 Employees

E-commerce company, Jumia, made it known on Thursday that it has dismissed a total of 900 employees following the slashing…

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Nigeria’s Inflation Rate Drops To 21.34 Percent For The First Time In 11 Months

For the very first time in 11 months Nigeria’s inflation dropped to 21.34 percent. The country’s inflation rate had risen…

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NNPC Discovers Oil In Nasarawa

The Nigerian National Petroleum Company (NNPC) Limited on Friday announced the discovery of oil in Nasarawa State and said it…

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Amazon To Sack More Than 18,000 Staffs

The online retail giant Amazon has announced it’s plans to lay off 18,000 of it’s staffs, citing the “uncertain economy”…

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