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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/£ […]
Lagarde says ECB will continue to cut interest rates Nexovant
European Central Bank President Christine Lagarde said eurozone growth ‘is likely to take a hit’ if the United States goes into protectionism mode. Photo: Kirill KUDRYAVTSEV / AFP/FileSource: AFP European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could […]
Spinoffs of French tycoon’s media empire make market debut Nexovant
French media tycoon Vincent Bollore is close to far-right French politicians. Photo: Alain JOCARD / AFP/FileSource: AFP Three spinoffs from French right-wing tycoon Vincent Bollore’s Vivendi media empire debuted on stock markets on Monday, with mixed results as shares in the Canal+ television and film group tanked in London. Bollore, who has invested heavily in […]
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