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NIGERIAN NAIRA
11 Indian sailors convicted, ship fined $5.3 million for cocaine trafficking in NigeriaA Nigerian court has convicted eleven Indian sailors for cocaine trafficking. Their merchant vessel was fined over five million US dollars....- Indian sailors, ship fined $6 million in Lagos cocaine caseA Nigerian court has convicted 11 Indian sailors and their vessel, MV Aruna Hulya, for cocaine trafficking. Authorities discovered 31.5 kil...
- Nigerian airlines avert shutdown as Mideast war hikes fuel pricesNigerian airlines continued flying on Thursday despite threatening a shutdown over sky-high jet fuel prices roiling the industry in Africa'...
- Bharti Airtel’s Africa business reported a consolidated profit of $48 million for Q2Bharti Airtel's Africa unit reported a $48 million profit for Q2, down 65% year-on-year. Revenue fell to $1.21 billion, impacted by currenc...
- Nigerian judge sets Binance tax evasion trial for OctoberNigerian court to commence trial against cryptocurrency exchange Binance for tax evasion charges. Executives cleared of tax evasion charges...
- Airtel Africa’s Dutch hold-company completes $550 million bond repaymentDuring Airtel Africa’s IPO back in June 2019, the (Airtel Africa) Group had $2,719 million of external debt at the HoldCo level, which had ...
- India, Nigeria agree to early conclusion of local currency settlement system agreementIndia and Nigeria have agreed to conclude a local currency settlement system agreement to strengthen economic ties. The agreement, signed d...
- Binance to stop services in Nigerian Naira amid crackdown on crypto exchangesIt will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether -...
- Airtel Africa Q3FY24 net plunges 92% YoY to $15 millionAirtel’s Africa unit, though, reported subscriber additions and higher average revenue per user (ARPU) in the quarter. In a statement Thurs...
- Airtel Africa back in black, but Nigeria currency woes weigh"As reported in July 2023, our results for the first quarter were significantly impacted by the changes to the FX market in Nigeria, introd...
- Airtel Africa Q2 Results: Net profit falls nearly 9% to $138 million"In Q2'24, reported currency revenues declined by 4.7 per cent reflecting a full quarter's impact of the Nigerian naira devaluation in June...
- 2Q customer churn: Vi’s loss means gain for Reliance Jio, Bharti AirtelReliance Jio and Bharti Airtel are expected to see user growth in the second quarter, while Vodafone Idea continues to struggle with custom...
- Chaotic cash shortage forces Nigerians to wait hours for $43Hundreds of people were stranded at a popular electronics market in the heart of Lagos, Nigeria's biggest city, on Friday - victims of the ...
- Nigeria becomes first country to ban foreign models in TV adsThe measure will take effect from October. It is expected to boost the prospects of locals in the advertising industry which has a large ch...
- Nigeria to launch digital currency on Monday to enhance paymentsThe eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” th...
- How bitcoin met the real world in AfricaThe bitcoin users interviewed by Reuters, based in five countries from Nigeria to Botswana, said the cryptocurrency was helping people make...
- Bajaj Auto's profitability likely to take a hit with fall in Nigeria & Colombia's currenciesAnalysts say currency devaluation by Nigeria alone could cut the company’s projected EPS for the next financial year by about 5-6%.
- Indian businessmen wanted over fraud in Nigeria: Anti-graft agencyNigeria's anti-graft agency said it was hunting down owners of an Indian business group, Vaswani Brothers, for allegedly defrauding the cou...
- Nigeria suspends oil delta agency head in graft probeNigerian President Umaru Yar'Adua on Friday suspended the head of a government agency responsible for the development of the oil-producing ...
- Nucleus Software bags order from Nigerian bankNucleus Software, a banking and financial solutions provider, on Monday said it has won an order from Nigeria-based United Bank for Africa ...
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