Business
Dangote Advocates for Subsidy Removal, Calls Current Pricing Unsustainable
Aliko Dangote has voiced his support for the removal of fuel subsidies in Nigeria, stating that it’s no longer sustainable. He pointed out that petrol in Nigeria is 40% cheaper than in Saudi Arabia, A situation he believes is not economically viable. Dangote’s remarks highlight the urgent need for subsidy reforms to address the growing fiscal pressures on the Nigerian economy.
Business
Bitcoin and Dollar Rise Again With Donald Trump’s Win In Election
The US Dollar and Bitcoin rise again as Trump reportedly wins the presidential election with 279 Electoral College votes against Kamala Harris’s 22. Major investors have now returned and do no longer need to be cautious.
Investors now anticipate Trump’s policies economically, Dollar has now strengthen again and is now against Euro and Pound which were gaining benefits over Dollar being weak. With Trump’s win, crypto and Bitcoin have strongly risen and are set with expectations higher prices and a boost in U.S savings returns.
Business
USD Weakens Amid The Upcoming US Presidential Election
The Upcoming United State Presidential has caused USD to be weak due to the investors being cautious of the outcome. Meanwhile other countries are gaining strength in their currency and benefitting from this weakness. Euro and GBP keeps rising and gaining against USD.
Gold prices still remain stables despite the recent deadline and the Australian inflation keeps rising. Markets are now watching the political movement to serve as guidance.
Business
Dr. Aguoru States The Use Of Card Pins Online Has A High Security Risk
Security Expert, Dr. Kingsley Aguoru has advised the Central Bank of Nigerian (CBN) and Economic and Financial Crimes Commission (EFCC) to stop the use of online transactions through Card Pins as it results to a security risk.
He emphasized the risks we can be exposed to, phishing and cyber threats, he states that the use of one-time passwords can serve as an aid in this to better the security.
The expert shares that pins are only safe when in use for ATM and Pos but not online, due to cyber risks. He expressed that information can be leaked from the continuous use of sharing pins online.
-
Politics6 days ago
Peter Obi Calls for Reversal of Rivers State Fund Freeze
-
Entertainment7 days ago
Tiwa Savage Hints At Diddy-Like Scandal In The Nigerian Music Industry
-
Entertainment6 days ago
“Chineke!” Skepta Exclaims Over Tiwa Savage’s Mesmerizing Beauty
-
Entertainment6 days ago
Bobrisky Detained by EFCC While Trying to Board London Flight
-
Entertainment4 days ago
Margot Robbie Welcomes First Child With Tom Ackerley
-
Entertainment1 week ago
Photos- Chloe Bailey Dresses Up As Jessica Rabbit For Halloween
-
Politics5 days ago
Kwankwaso Condemns Arraignment of 67 Minors for Protest, Calls for Focus on Nigeria’s Real Issues
-
Business1 week ago
Ghana Plans to Buy Fuel from Nigeria’s Dangote Refinery to Lower High Import Costs