Samuel Nwite
AUTHOR: Samuel Nwite
CBN to Implement Retail Dutch Auction System (DAS) to Address FX Crisis
The Central Bank of Nigeria (CBN) has announced plans to introduce a Retail Dutch Auction System (DAS) next Wednesday to tackle the mounting unmet...
Intel Plunges 26% to Lowest in 50 Years, Market Cap Drops Below $100bn
Intel Corporation's stock plunged to historic lows on Friday, reaching a price level unseen since 2013. The dramatic selloff came on the heels of...
Kaduna Government Seals Kaduna Electric Over Unpaid N600m Taxes; DisCo Disconnects Kaduna Government House...
In a rather amusing turn of events, the Kaduna State Internal Revenue Service (KADIRS) has announced the sealing of the Kaduna Electricity Company Plc...
African Development Bank Approves $500m Loan to Nigeria for Energy Transition and Economic Governance
The African Development Bank Group has approved a $500 million loan to Nigeria, marking a significant step toward transforming the nation’s electricity infrastructure and...
Nigeria’s Currency in Circulation Reaches Historic High at N4.05trn: Economists Finger PoS Operation
Nigeria's economy is witnessing an unprecedented surge in the currency in circulation (CIC), which reached an all-time high of N4.05 trillion in June 2024,...