Business Archives - Page 43 of 46

Nov

12

2022

Bureau De Change operators frustrating naira growth – Expert

Business, EconomyBusiness, CBN, Economy, Money, Nigeria

A consultant, Dr Boniface Chizea, said the activity of Bureau De Change operators is frustrating the growth of the Naira against foreign currencies. Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago. Speaking in a chat on Friday while reacting to the latest Naira rise against the Dollar, Chizea said the operation of some BDC is a significant blow to the country’s local currency. He disclosed that the Nation’s economy benefits nothing from the activities of BDC operators. He said the noticeable growth in the Naira after the clampdown…

Nov

10

2022

By Amos Oge Kalu

Woman confesses to mixing her zobo drinks with HIV blood

Business, Health, Lifestyle, MetroCrime, Health, Lifestyle, Metro, Nigeria

A yet-to-be-identified HIV-positive woman has said that she mixes her blood in the zobo drink she sells in order to get other people infected. The said woman made the confession in a radio program on Wazobia FM, MarketRunz on Wednesday night. The show anchor had asked listeners to call in and confess what they do in the marketplace that people are unaware of and what they aren’t proud of. The zobo seller said, “I went to the hospital six months ago and I was told I had HIV. “I don’t have money for treatment so I decided that I would…

Nov

07

2022

By Amos Oge Kalu

Dr. Ukpai Iro unveils Youth TECHPRENEUR to tackle unemployment. JOIN NOW!

Abia State, Amos Oge Kalu, Business, Economy, News, Ohafia, Politics2023, Abia State, Next Level, Nigeria, Politics, Ukpai Iro Ukpai

The indefatigable, focused, and goal-oriented New Nigeria People Party, NNPP candidate for the 2023 Abia governorship contest, Dr. Ukpai Iro Ukoai, has made another giant step towards tackling the perennial challenge of youth restiveness, cultism, and some other social vices bedeviling Abia state due to unemployment, he plans to achieve this through we'll packaged technological approach that will create empowerment for the youths. In a recent notification announced by Dr. Ukpai Campaign Organization DUCO Youths planning for Nov 26, 2022, Bootcamp invited the youths to Join the group for the lifetime opportunity to be empowered. The Bootcamp is a foretaste…

Oct

29

2022

By Kalu Odinakachi

Naira in another record drop as CBN moves to replace naira notes

Business, EconomyBusiness, Economy, Nigeria

Naira depreciated significantly against the US dollar in both the official and unofficial markets on Friday. This is less than 48 hours after the Central Bank of Nigeria announced the replacement of naira notes. Official market rates published on the websites of FMDQ, where the currency is officially traded, showed the naira closed at N444.75 per dollar on Friday, the lowest rate it has ever traded in the segment. This represents a 0.06 percent devaluation of the previous market value with $61.89 million recorded as foreign exchange turnover within this period. In the unauthorized street market of the Nigerian states,…

Oct

29

2022

By Amos Oge Kalu

MoneyHash to drive digital payment in sub-Saharan Africa

Business, NewsAfrica, America, Business, Economy, Technology

US-based Egyptian fintech company Moneyhash recently expanded its operations into sub-Saharan Africa, in a bid to open up the continent for its payment system, Benjamindada Blog reports. In a conversation with Techcabal, MoneyHash CEO Abdel Razek said that the company wants to enter Sub-Saharan Africa due to the payment opportunities and challenges that exist in the region. In his words: “We stumbled upon it by chance while consulting a company on their payment strategy across the region. We just assumed that someone must have set up a library or something the companies could use as a layer of abstraction.” “The…