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FMDQ revises computation of FX rates, adopts transaction-based model

    FMDQ revises computation of FX rates, adopts transaction-based model

FMDQ Securities Exchange Limited, a platform that oversees FX trading in Nigeria, says it has made some changes to the computation methodologies of its foreign exchange (FX) rate-fixing products. According

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Here’s what we know about Threads, Meta’s Twitter alternative

    Here’s what we know about Threads, Meta’s Twitter alternative

Mark Zuckerberg, owner of Meta, is challenging Elon Musk, owner of Twitter, in a battle that could determine the future of social media. TheCable reported that both founders agreed to

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Desist from increasing transaction charges, FG warns POS operators

    Desist from increasing transaction charges, FG warns POS operators

The federal government has asked point-of-sale operators to desist from attempts to increase transaction fees, warning of serious consequences and sanctions. The Lagos chapter of the Association of Mobile Money

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POS transactions: Zenith Bank cautions operators on ‘illegal’ fees hike as CBN intervenes

    POS transactions: Zenith Bank cautions operators on ‘illegal’ fees hike as CBN intervenes

Zenith Bank says the changes in the transaction fees for point of sale (PoS) services cannot be implemented by its registered agent bankers. Z-Money is an agency banking product of

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Danbatta: Telecoms investment now $75.6bn | Sector contributed N10trn to GDP in 2022

    Danbatta: Telecoms investment now $75.6bn | Sector contributed N10trn to GDP in 2022

Umar Danbatta, the executive vice-chairman of the Nigerian Communications Commission (NCC), says the country has attracted $75.6 billion in investment

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Tinubu pledges to support $5bn floating LNG production plant

    Tinubu pledges to support $5bn floating LNG production plant

President Bola Tinubu says he will support the development of the country’s first floating liquefied natural gas (FLNG) facility. Tinubu

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NCC: Nigeria’s mobile internet subscribers increased by 9.3m in one year

    NCC: Nigeria’s mobile internet subscribers increased by 9.3m in one year

The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 159.59 million in May 2023, from 149.78 million

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NBS: Nigerians paying more as prices of yam, rice, beans skyrocket

    NBS: Nigerians paying more as prices of yam, rice, beans skyrocket

As the prices of essential food items continue to skyrocket, Nigerians face an uphill battle in their fight against poverty.

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Lagos deploys technology to monitor traffic infractions, says highway obstruction attracts N25k fine

    Lagos deploys technology to monitor traffic infractions, says highway obstruction attracts N25k fine

The Lagos state government says as part of its newly introduced technology-driven device dubbed, Traffic Management Solutions (TMS), it has

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NGX: More investor education required for development of Africa’s derivatives market

    NGX: More investor education required for development of Africa’s derivatives market

The Nigerian Exchange Limited (NGX) says strengthening the development of the derivatives markets on the African continent requires accelerated investor

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