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Countdown to Christmas: Nigerians groan over cash scarcity as PoS fees skyrocket Nexovant
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market. With just a few weeks to Christmas, many Nigerians are expressing frustration over the scarcity of cash at banks and ATMs nationwide. This situation is compounded by the declining quality of banking services in recent months, despite efforts […]
Dangote Refinery exports petrol to 4 African countries, firm names top buyers Nexovant
The Dangote Refinery stated that it exported petrol to four African countries: Cameroon, South Africa, Angola, and Ghana The vice president of Oil and Gas at Dangote Industries Limited, Edwin Devakumar, disclosed this to a Japanese delegation The Dangote Vice President disclosed that the refinery is the country’s pride, envisioned by a Nigerian investor for […]
Report shows unemployment rate in Africa, Nigeria takes position Nexovant
Africa’s high young unemployment rate continues to be one of the continent’s most urgent problems In spite of the continent’s immense potential, the unemployment rate among young people has soared The list spotlight South Africa at number one followed by Angola, Morocco, Ethiopia, Nigeria and others Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, […]
N150m for offenders: CBN names those behind cash scarcity, advises Nigerians Nexovant
The CBN has identified individuals responsible for the ongoing cash scarcity at banks and ATMs The apex bank has, therefore, announced a fine of N150 million per branch for Deposit Money Banks found guilty Nigerians are urged to report cases of cash unavailability using the CBN’s released phone numbers and email contacts Dave Ibemere, a […]
New CBN platform drives naira to gain N170 against British Pound Nexovant
In recent years, the local currency has significantly improved in value relative to the British pound sterling This follows the CBN’s recent implementation of a forex strategy that CBN Governor Olayemi Cardoso confirmed For the first time in a long time, the value of the naira relative to the British pound is less than N2,000/£ […]
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