SEC Bans Binance Operations in Nigeria

By Adedapo Adesanya  Africa Finance Corporation (AFC) has secured a $300 million loan from the Export-Import Bank of China (CEXIM) to drive increased trade finance and investment across the African continent, fostering economic growth and development. The infrastructure solutions provider on the continent announced the successful signing of the landmark agreement on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt. The 3-year credit facility is a significant development in AFC’s long-standing relationship with CEXIM. The two institutions have collaborated since 2018, with AFC receiving $400 million in bilateral loans from CEXIM to date. According to

In the fast-paced world of Forex trading, having the right tools is crucial. Traders Union (TU) experts are here to guide you through Forex trading in 2023, focusing on the MetaTrader 5 (MT5) platform. They will discuss the top MT5 indicators, and different indicator types, and compare MT5 Forex Brokers. Additionally, they will explore the pros and cons of the MT5 platform. With this information, you will be well-prepared to excel in Forex trading. Meaning of Forex indicators Forex trading is complex, and success depends on many factors, with Forex indicators being a key one. TU’s analysts emphasized the importance

By Adedapo Adesanya The cryptocurrency market witnessed an uptick on Wednesday, with Bitcoin (BTC) managing to stay above the $26,000 level even as the US Dollar index rose to a new year-to-date high. Data obtained by Business Post showed that the most valued crypto, BTC, posted a 0.7 per cent appreciation during the midweek session to trade at $26,408.37 in the last 24 hours. On the part of the second-most valued digital coin, Ethereum (ETH), it remained in the $1,600 mark and it improved its value yesterday by 1.6 per cent to sell at $1,610.94. At the trading session, the US

By Dipo Olowookere The domestic currency had a breather in the peer-to-peer (P2P) and the parallel market segments of the foreign exchange (FX) market on Wednesday, with its value strengthening against the Dollar at the two windows. This was supported by the ease in the forex demand pressure during the trading session, which had the official market, the Investors and Exporters (I&E) arm of the market, non-operational yesterday due to the public holiday observed in the country for Eid el Maulud. Many customers who may have needed FX for their transactions stayed back to enjoy the work-free day, easing off

By Adeniyi Ogunfowoke You have been planning this weekend getaway with your lover in Calabar for months. You have made it a secret because you want to achieve the wow effect. However, don’t be surprised if she doesn’t give you the ‘awwwwwwww’ especially if it is a surprise. But wait a second, do you really want to create a big impression on her and get the desired response? If yes, Jumia Travel gathers 5 things you should always do when you want to travel with your spouse or lover. Speak about money Money can make or mar any relationship whether

By Modupe Gbadeyanka At least 180 teachers in Enugu State have undergone a six-month training in Science, Technology, Engineering, and Mathematics (STEM) subjects. The advanced STEM training is to equip the educators picked from public schools in the state with the latest STEM teaching tools and methodologies. The programme was facilitated by the Teacher Aid Initiative (TAI) and the TY Danjuma Foundation to boost STEM education. Recent statistics highlight a growing gap in STEM education across Africa, underscoring the pressing need to invest in initiatives that inspire and prepare the next generation for STEM careers. This collaboration between TAI and

By Adedapo Adesanya In order to expand testing and combat the spread of the coronavirus outbreak across communities, Lagos State has established testing centres across its 20 local government areas (LGAs). The government said the centres are meant for those who fit the case definition of COVID-19. According to the Lagos State government, visits to these centres are strictly by appointment and not for emergency cases. “In order to increase COVID-19 testing capacity in Lagos, the State Government has set up sampling stations in the 20 local government areas, for citizens who fit the case definition of COVID-19, to visit

By Dipo Olowookere The board of Dangote Cement Plc is considering selling bonds to investors in the nation’s capital market anytime soon. However, the major reason for the delay is the right market conditions, according to a statement issued by the leading cement marker on Wednesday. Dangote Cement launched a N300 billion bond issuance programme about two years ago and last year, it offered N100 billion for sale but received subscriptions worth N155 billion. The N100 billion notes were the first tranche of the fixed-rate senior unsecured bonds maturing in April 2025, attracting the attention of a wide range of

By Dipo Olowookere Managing Director of Heritage Bank Plc, Mr Ifie Sekibo, has encouraged the budding African entrepreneurs of the Next Titan Housemates to talk to small and medium enterprise (SME) desks of banks because the Central Bank of Nigeria (CBN) has a policy for disbursing money to banks for SMEs sector. Mr Sekibo stated this while delivering a keynote address titled: Why African needs new breed of entrepreneurs and why is Heritage Bank championing it, at the premiere of the 5th edition of the Next Titan TV reality show in Lagos over the weekend. The Next Titan is Nigeria’s

The Nigerian Communications Commission (NCC) will on Thursday, August 11, 2016, hold a seminar in Benin City, Edo State on consumer protection. This programme, Business Post correspondent gathered, is aimed at educating consumers on their rights and how such can be protected under the law. It is no news that not much has been done by service providers in the country as regards giving quality services to their customers. The Thursday’s programme is the 77th edition of NCC’s Consumer Outreach Programme (COP) and it will take place at the Uyi Grand Hotel Event Centre, 35 Aideyan Street, GRA, Benin City,

By Modupe Gbadeyanka Some petrol stations in Lagos are selling premium motor spirit (PMS) to consumers at a pump price between N215 per litre and N270 per litre, Business Post reports. A tour of filling stations in some parts of the metropolis by this reporter showed that the long queues witnessed a few weeks ago are gradually going shorter. A number of petrol stations visited in the Alimosho area of Lagos State are selling the product to motorists but at a price above the approved rate of N170 per litre. At a fuel station opposite Rauf Aregbesola Medical Centre, Okunola,

By Aduragbemi Omiyale More and more people are embracing the products of Zoho Corporation, a leading global technology company, as the company now boasts more than 90 million users across more than 600,000 global businesses of all sizes. Also, the organisation has recorded a three-year CAGR of 65 per cent in mid-market and enterprise segments, representing one-third of the entire business. This is because of the steady upmarket growth Zoho is recording across the Middle East and Africa region, with its seventh office in Nairobi, Kenya, officially launched. It was observed that Zoho is witnessing an uptick due to its