• CBN forex intervention hits $43.5bn in 15 months

    CBN forex intervention hits $43.5bn in 15 months0

    Within a 15-month period covering October 2018 and December last year, the Central Bank of Nigeria injected over $43.52bn to defend the nation’s currency in the foreign exchange market. The amount was arrived at by our correspondent based on computation of amount released by the apex bank to boost liquidity in the foreign exchange market.

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  • World Mobile Congress Called-Off For Fear Of  Coronavirus

    World Mobile Congress Called-Off For Fear Of Coronavirus0

    Organisers of the World Mobile Congress said Wednesday they have cancelled the world’s top mobile trade fair due to fears stemming from the coronavirus that sparked an exodus of industry heavyweights. The mobile fair is one of the biggest events worldwide to be cancelled so far owing to the virus that has killed more than

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  • Gokada sacks staff, hailing firms condemn violence

    Gokada sacks staff, hailing firms condemn violence0

    Fahim Saleh, Founder and CEO, Gokada A ride-hailing service company, Gokada, has reportedly sacked most of its staff after the proscription of motorcycles and tricycles in 15 council areas of Lagos State. NAN reliably gathered that at least 70 per cent of the staff had been sacked. A source in the company confirmed the development

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  • Okada Ban: Gokada, Gokada, Others Protest In Lagos

    Okada Ban: Gokada, Gokada, Others Protest In Lagos0

    Some commercial motorcycle operators on Friday took to the street to express their grievances over the recent decision of the state government to restrict their movement in some Local Government Areas, bridges, and highways in the state. The operators which include majorly that of Gokada and Max.ng staged a peaceful protest from Oregun road to

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  • MTN To Invest $1.6bn In Nigeria Market For Next Three Years

    MTN To Invest $1.6bn In Nigeria Market For Next Three Years0

    The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed joy as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years. Pantami disclosed this in a statement signed by Mrs Phil Oshodin, Director Press and Public Relations, on Tuesday in Abuja, when

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  • Facebook Makes Bold Site Safety Step With 1,000 More UK Staff

    Facebook Makes Bold Site Safety Step With 1,000 More UK Staff0

    Facebook on Tuesday said it plans to create 1,000 more London-based jobs this year to improve safety on the social network with the aid of artificial intelligence. The new roles will increase the number of staff at the company’s largest engineering hub outside the United States to more than 4,000. “The UK is a world

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