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Business – Gist Alerts

Nigeria To Launch Digital Currency Soon – CBN

The Central Bank Governor, Godwin Emefiele, has stated that digital currencies will be launched in the country soon. He disclosed…

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CBN Confirms N410.25/$ As The New Official Exchange Rate

The Central Bank of Nigeria has officially made the NAFEX Investor & Exporter forex window rate of N410.25 as its…

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World Bank To Invest $150bn In Africa

The President of World Bank Group, David Malpass, has revealed that the bank intends to invest $150 billion in Africa…

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Bitcoin Tumbles Below $40,000 After China Issues Warning

Bitcoin went below $40,000 for the first time in more than three months on Wednesday after China stated that cryptocurrencies…

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Banks Place Limits On Domiciliary Accounts Transfers

Banks have started placing new limits on transfers domiciliary accounts holders can make from cash to cash lodgements. The limits…

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Bank Deposits Increased By N6.95trn In A Year – CBN

The Central Bank of Nigeria has revealed that bank deposits increased by N6.95tn between February 2019 and February 2020. The…

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Tesla Pauses Its Romance With Bitcoin Citing Climate Concerns

On Wednesday, Tesla hit the brakes on allowing people pay for electric cars with bitcoin, saying the computing-intense mining process of…

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Michael Jordan Rookie Sneakers Sells For $152,500

A pair of basketball legend Michael Jordan’s famous Air Jordans from his rookie season sold at auction for $152,500 on…

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80.4% of Nigerian Employment in Informal Sector – World Bank

The World Bank has stated that 80.4 per cent of Nigeria’s employments are in the informal sector. The bank said…

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Lagos Commodities And Future Exchange Set to List First Gold Instrument

The Lagos Commodities and Futures Exchange has finalized plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as…

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