Ethiopia’s Commercial Bank Struggles After ‘Systems Glitch’ Allows Customers Withdraw Millions
Over $40 million has left Ethiopia’s largest bank as systems glitch causes excess withdrawals.
Over $40 million has left Ethiopia’s largest bank as systems glitch causes excess withdrawals.
The Naira has remained unchanged at the parallel market at N1,600/$1 for five days.
The ministry of Trade and investment has signed an MoU with Lab four to create 50,000 BPO jobs in Nigeria.
EFCC says information provided by Binance shows total trading volume from Nigeria in 2023 alone stood at $21.6 billion.
An Australian lawsuit initiated against Uber in 2019 has ended with Uber paying $178.3 million to over 8,000 drivers.
Tech Analyst Bright Johnson argues that detaining the Binance employees is a misguided move that could backfire on Nigeria.
Nasarawa State University has been hailed for blazing the trail with Africa’s First Institute of Capital Market Studies.
The EIU has predicted the naira to weaken to N2,381 to the dollar by 2028.
Governor Uzodimma ssys Imo State will be better off after discussions with Afreximbank President Oramah on possible investments.
The Japanese Ambassador to Nigeria says efforts are geared towards improving trade relations between both countries.
The Naira declined from N1,600/$1 to N1,605/$1 at the parallel market, appreciated to N1,608.98 from N1, 615.94 at the official window.
Delta is the second major US carrier to reinstate flights to Israel.
Nigeria has – for about four years – been unable to meet its OPEC production quota due mainly to oil theft.
“We are proud to bring Heirs Holdings’ core values and business approach to the tech sector,” said Obong Idiong.
Nigeria has hired Citibank, JPMorgan Chase and Goldman Sachs to seek advice on its first Eurobond issue since 2022.
The naira appreciated at the parallel market for the first time in two weeks but depreciated to N1,615.94 officially.
Pioneer Access Bank MD Aig-Imoukhuede has been invited to guide the group into a new era following Wigwe’s death.
The LIRS is urging Lagos residents to file their taxes before the March 31st deadline.
Nigeria’s House of Representatives says the increase in failed bank transactions has reached an unprecedented level.
Binance, at the centre of investigations into attacks against the Naira, has been told to reveal transaction history.
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