Francis Abel 
The National Bureau of Statistics (NBS) has reported a significant increase in cooking gas prices, with the average cost to refill a 5kg cylinder of Liquefied Petroleum Gas shooting up by 7.10% from February to March 2024, hitting N6,591.62 According to the latest NBS report for March 2024, the average price to refill a 5kg … Read more
Canada’s financial watchdog, the Financial Transactions and Reports Analysis Centre (FINTRAC), has imposed a $6 million fine on Binance, a prominent cryptocurrency platform, for breaching the nation’s laws on money laundering and terrorist financing. The penalty, valued in Canadian dollars, translates to approximately $4.38 million USD. In a recent statement, FINTRAC revealed that Binance failed … Read more
As ridesharing services like Uber continue to transform the way we commute, questions about insurance coverage become increasingly important. Passengers entrust their safety to Uber drivers, and it’s crucial to understand the extent of insurance coverage in case of an accident. In this blog post, we’ll delve into the complexities of Uber insurance and explore … Read more
The Nigerian currency, Naira, breached the N1,450 mark against the greenback on the black market amid evolving market dynamics in Nigeria’s fragile FX market, defying efforts by the Federal Government to shore up its value. Market fundamentals affirm that the naira lost its support at N1450, setting up a new wave of free decline, continuing … Read more
The International Monetary Fund (IMF) has said the silent reintroduction of fuel subsidy by the President Bola Tinubu administration is expected to gulp almost half of its projected oil revenue this year. According to the IMF, the implicit subsidy will cost Africa’s largest crude producer an estimated N8.43tn ($5.9bn) of its projected N17.7tn of oil … Read more
Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates, Bloomberg reported on Friday. The naira has slipped to 1,466.31 to the dollar, its weakest level since March 20, hurt by the local scarcity of the … Read more
The Smart Way to Find Cheap Auto Insurance For most drivers, auto insurance is an unavoidable expense. It’s a legal requirement in most states, and it provides essential protection against the financial consequences of accidents, theft, and other unforeseen events. However, the cost of auto insurance can be a significant burden, especially for those on … Read more
Life insurance is a crucial financial tool that provides a safety net for your loved ones in the event of your passing. However, if you suffer from anxiety, you might be wondering if it will affect your ability to secure life insurance coverage. The good news is that having anxiety does not automatically disqualify you … Read more
FBN Holdings Plc has announced the exit of Mr Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following expiration of his tenure. Consequently, the Board of First Bank appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of the Bank. Mr Adewale Arogundade, Company … Read more
On Wednesday, the naira fell to N1,450 in the parallel foreign exchange (FX) market. The current FX rate indicates a 1.4% decrease from the N1,430 transacted on May 6. Currency traders, commonly known as bureau de change (BDC) operators, set the greenback’s buying rate at N1,410 and the selling price at N1,450, resulting in a … Read more