Business News

eNaira: CBN Postpones Launch Of Digital Currency Indefinitely

The Central Bank of Nigeria (CBN) has postponed the official launch of its controversial digital currency, the eNaira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration. Nevertheless, the …

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eNaira: CBN Postpones Launch Of Digital Currency Indefinitely

The Central Bank of Nigeria (CBN) has postponed the official launch of its controversial digital currency, the eNaira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration. Nevertheless, the …

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Movie on Hushpuppi to hit airwaves in The Fall of the Gucci Master adaptation

Ramon Abass Igbalode, popularly known as Hushpuppi, is set to have his life story adapted into a movie. The movie will center around the disgraced fraudster’s jet setting lifestyle captured by Bloomberg journalist Evan Ratiff in his piece titled, “The Fall of the Billionaire Gucci Master.” Since his arrest in Dubai last year, Hushpuppi has …

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Why pangolins and elephant tusks are so valuable

The Nigerian authorities say they have seized a large quantity of wild animal parts including pangolin scales and claws as well as elephant tusks. They made the seizure during a raid by custom officers on a location the Lekki area of the country’s commercial hub, Lagos. Nigeria customs boss, Hameed Ali, told reporters in Lagos …

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CBN bans dollar sales to Bureau De Change operators, to sell directly to banks

The Central Bank of Nigeria has announced a ban on forex sales to Bureau De Change operators in the country instead opting to sell dollars and other foreign currencies directly to commercial banks, that will in turn sell to Nigerians. This will make it more difficult for Nigerians to access hard currency from the black …

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