Business, Finance & Economics - Kennis 104.1 Fm

Electricity: Manufacturers, labour tackle FG over 240% tariff hike, insist on subsidy

Manufacturers and organised Labour have kicked against the Federal Government’s 240 per cent hike in the tariff payable by electricity users enjoying a 20-hour power supply. They insisted on the electricity subsidy, warning that its removal would send manufacturers out of business and…

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Air Peace’s Lagos-London Flights’ll Force Foreign Airlines To Slash Airfares — Expert

A travel and tourism expert, Bankole Bernard, says with the commencement of the Lagos-London direct flight by local carrier Air Peace, foreign airlines hitherto enjoying exclusivity on the route are forced to slash airfares. Bernard, who was a guest on Channels Television’s The Morning…

Business Business, Finance & Economics 2 — 04

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Naira recovery now tackle inflation — BDCs

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the prices of goods and services in the country. The president of the association, Aminu Gwadebe, said this in…

Business Business, Finance & Economics 1 — 04

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Naira closes 1,309/$ as banks sell $2.5bn

In the last two weeks, the Central Bank of Nigeria and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to N1,309 against the United States dollar. Official figures obtained from the FMDQ Securities…

Business Business, Finance & Economics 26 — 03

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Binance: Collaboration With SEC, EFCC, NSA Positive, Says CBN Gov

The Central Bank of Nigeria (CBN) says it is the role of the Securities and Exchange Commission (SEC) to regulate cryptocurrency transactions in the country, and not the responsibility of the apex bank. CBN Governor Olayemi Cardoso stated this during the apex bank’s…

Business Business, Finance & Economics 26 — 03

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BREAKING: CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent. This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the second MPC meeting…

Business Business, Finance & Economics News 25 — 03

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Binance Executive Nadeem Anjarwalla Escapes From Custody – NSA Office

Nadeem Anjarwalla, an executive of cryptocurrency platform, Binance, has escaped from custody, according to the Office of the National Security Adviser (NSA). He is a suspect in the Federal Government’s ongoing probe into Binance activities in Nigeria. But he escaped from custody on…

Business Business, Finance & Economics 18 — 03

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Provide data of persons trading on your platform to EFCC – Court orders Binance

A Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with comprehensive data or information on all persons from Nigeria trading on its platform. Justice Emeka Nwite granted the interim order after ruling on…

Business Business, Finance & Economics News 14 — 03

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Access Holdings Reappoints Aig-Imoukhuede As Chairman After 10 Years

Access Holdings has reappointed Aigboje Aig-Imoukhuede as its non-executive chairman after 10 years of serving as the bank’s Chief Executive Officer (CEO). “Access Holdings Pic (the Holdco’), is pleased to announce the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr.…

Business Business, Finance & Economics 11 — 03

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JUST IN: Bitcoin hits all-time high above $71,000

Bitcoin on Monday hit a new record high above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. Checks by the Nation shows that the cryptocurrency coin is now at $71,196.85. It hit a peak of $71,432. Details shortly…

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