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Apple faces lawsuits from 16 states and the US DOJ for anti-competitive behavior
Apple is facing legal action from the US Department of Justice and sixteen US states for allegedly engaging in anti-competitive behavior aimed at preserving...
Ease as CBN eventually eliminates the entire legitimate FX backlog
The Central Bank of Nigeria (CBN) said on Wednesday that it had finally paid off all legitimate foreign exchange backlogs, processing claims totaling US$7...
Naira gains 4.55% as a result of CBN clearing the FX backlog
Since the Central Bank of Nigeria (CBN) cleared all foreign currency (FX) backlog, the value of the naira has steadily improved, gaining 4.55 percent...
Businesses invest N8.6 billion on MVNO licences despite uncertain business conditions
43 businesses have invested a total of N8.6 billion to get the licences necessary to offer telecommunications services in Nigeria via the Mobile Virtual...
Naira closes on the official market at N1,560.57/$1
Tuesday's closing rate for the Nigerian Autonomous Foreign Exchange (NAFEM) was N1560.57 to $1, indicating a significant increase.
Compared to Monday's closing rate of N1,597.24/$1,...
