YouNewsng Discover. Succeed. Enjoy
Former Vice President Atiku Abubakar has tackled President Bola Tinubu over his “renewed hope” economic plans. Atiku, who was the flag bearer of the Peoples Democratic Party (PDP) during the 2023 presidential election, noted that the economic policies of Tinubu had dashed the hope of the citizens. He also said the policies were shrinking small businesses and causing multinational companies ...
Entertainment
February, 2024
-
5 February
Housing Crisis heightens in Canada, 2/3 renters unaffordable
Even as housing markets cool in some areas, housing affordability in Canada is the worst in over four decades due, in part, to sustained post-pandemic inflation and comparatively higher interest rates. According to the Canada Mortgage and Housing Corporation — the federal Crown corporation responsible for administering Canada’s National Housing Act — affordability is defined as mortgage or rent payments ...
-
4 February
Namibia’s President, Hage Geingob, dies of Cancer
Namibia’s President Hage Geingob has died while receiving medical treatment at a hospital in the capital, Windhoek. Vice-President Nangolo Mbumba announced that Mr Geingob had died in the early hours of Sunday morning. “At his side was his dear wife Madame Monica Geingos and his children,” Mr Mbumba said in a statement. The 82-old leader had been diagnosed with cancer ...
-
3 February
CBN may convert $30bn forex in individuals domiciliary account to naira
There are indications that Operators of domiciliary accounts in Nigeria banking Public will get a ride shock soon! This will be a major policy shift by the President Bola Tinubu. The Federal government will soon order the conversion of foreign currencies sitting idly in individuals’ and corporate organisations’ domiciliary accounts to naira at a rate to be determined by the ...
-
3 February
CBN bars Banks, fintech from IMTO services
The Central Bank of Nigeria has banned banks and fintechs from International Money Transfer Operations. In its ‘Guidelines on International Money Transfer Services in Nigeria,’ the apex bank said, “All banks are prohibited from operating International Money Transfer services but can act as agents. “Also, financial technology companies are not allowed to obtain approval for IMTO. The new guidelines by ...
-
3 February
EFCC, CBN heads meet Finance Minister over Naira free fall
Minister of Finance and Coordinating Minister for the Economy, Wale Edun; Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede; and the Governor of the Central Bank of Nigeria, Olayemi Cardoso, met in Abuja on Friday. The meeting centered on how to enhance the efficiency of the financial system and also stabilise the naira. The official X of the ...
-
2 February
It’s semi final for Nigeria, End of the road for Angola
Nigeria is the first side to book a semi-final berth at the Africa Cup of Nations after Ademola Lookman’s first-half goal ensured a 1-0 win over Angola in the last eight on Friday. Lookman finished off a flying run down the left by winger Moses Simon, who skipped the challenge of defender Kialonda Gaspar to break free and then teed ...
-
2 February
CBN directives to banks on excess Dollar yielding result
Indications are unfolding that the latest CBN directive which is aimed at unifying the official and parallel market rates of the local unit is already yielding positive fruits. There were huge forex transactions in the banks on Thursday for fear of meeting the deadline. All banks were running from pillar to post, just to ensure their books remain within the ...
-
2 February
Again, Bureau De Change Operators ‘ll shut market on Monday
Operators are set to close the market next week on Monday due to the success recorded on Thursday, YOUNEWS is aware. The source said, “There is another plan in motion to close the market next week Monday. It is going to be another crackdown so that the price of dollar will reduce to the barest minimum.” BDC operators had closed ...
-
2 February
Japa : Airfares increase, jumps to N2.77m for U.K, N3.2667m for U.S
The depreciation of the naira against the United States dollar by 55 per cent at the official foreign exchange market has led to a commensurate depreciation in airfare in Nigeria. The naira had fallen from approximately 900/dollar to over 1,400/dollar on Monday after the FMDQ Exchange, which records data the nation’s official exchange rate, reviewed its methodology for calculating the ...
