News
Mercury’s Exit: Leatherback Offers Alternative for African Startups
Silicon Valley Bank in March 2023 folded and this made Mercury, a San Francisco digital bank, the preferred banking partner...
Read moreDetails
CBN Approves FX Sales to BDCs Amid Naira Volatility
To mitigate the impact of foreign exchange volatility, the Central Bank of Nigeria (CBN) has authorized the sale of foreign...
Read moreDetails
Parallel Market Dollar Rate Hits N1600/$1 Amidst Economic Pressures
Thursday July 18, 2024, according to sources compiled by Team Spectra, parallel market operators are currently offering dollars at...
Read moreDetails“Customs Exchange Rate Reaches N1584/$1, Surpassing Official NAFEM Rate of N1581/$1 on July 17, 2024
Recently, the Nigerian Customs Service reviewed duties once more, setting rates slightly above the official closing rate at...
Read moreDetails
Nigeria’s inflation rate now at 34.19%
Nigeria continues to grapple with persistent challenges, prominently highlighted by the escalating inflation rates. As of June 2024, inflation surged...
Read moreDetails
Lagos State Government Introduces New Transportation Policy
On Sunday, July 15, 2024, initial reports sparked confusion regarding the Lagos State government's stance on "danfo" buses. Clarifying the...
Read moreDetails
Naira traded at N2000/1£ in the parallel market
Recently, Nigeria's foreign reserves have shown significant growth, reaching $35 billion as of July 8, 2024. However, despite this increase,...
Read moreDetails
Olubunmi Kuku made history as the first female Managing Director of the Federal Airports Authority of Nigeria (FAAN)
Olubunmi Kuku made history as the first female Managing Director of the Federal Airports Authority of Nigeria (FAAN). With over...
Read moreDetails
Nigeria’s Debt Burden Hits Historic Milestone, Challenges Economic Resilience
Nigeria reached a significant economic milestone last week as its debt-to-GDP ratio exceeded 50% for the first time in history,...
Read moreDetails
Coronation Merchant Bank records 62% growth in gross earnings in 2023
Lagos, June 21, 2024. Coronation Merchant Bank Ltd. on Friday said that its gross earnings grew to N61.6 billion for...
Read moreDetails
At Spectra, we're more than just a news website. We are your gateway to a dynamic world where technology, business, and lifestyle stories come together to create a richer, more vivid picture.