Business

Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander

Published

3 years ago

July 12, 2023

1,540 Views

The Meta Chief Executive Officer, Mark Zuckerberg, on Tuesday, was pictured training with UFC champions, Israel Adesanya and Alexander Volkanovski.

The picture of his training session with the UFC champions has further increased speculations on the possibility of an MMA fight between him and Twitter CEO, Elon Musk.

Recall that the prospect of an MMA showdown between the tech gurus started as an online banter some weeks back.

However, tension has heightened between the duo since Zuckerberg launched his Twitter-like app called Threads.

Threads launched on July 5, 2023, and has since gathered more than 100 million users worldwide.

However, Musk, the Tesla and SpaceX CEO believes Threads was only made possible by “cheating.”

Musk stated this while responding to a tweet reporting that Twitter was threatening to sue Facebook and Instagram’s parent company Meta for cheating with its new app Threads on Friday, July 7, 2023. Musk tweeted, “Competition is fine, cheating is not.”

As arguments heated over the new app online, the two tech moguls have once again renewed their banter challenge on having a showdown cage fight.

However, while some viewed the challenge for an MMA fight as playful banter between the influential figures, the anticipation surrounding this unlikely showdown continued to grow with both of them pictured training with MMA fighters.

Meanwhile, Zuckerberg while reacting to his picture with the UFC champions – Adesanya and Volkanovski wrote, “It’s an honour to train with you guys!”

Responding, “The Last Stylebender’ who posted photos of the training session, wrote, “No fugazi with Mark. This is Serious Business.”

Also, Volkanovski, the UFC featherweight kingpin responded, “@zuck you’re a beast! Always great to catch up.”

Musk also looks to be in a training session already as he was also spotted with UFC legend Georges St-Pierre on Tuesday, July 3, 2023.

Business

CBN Urges Public, Businesses Not To Reject N100 Bank Note

The CBN strongly cautions individuals, businesses, financial institutions, and other economic agents against rejecting the standard N100 banknote. Such rejection constitutes a violation of the provisions of the CBN Act and undermines confidence in the national currency.

Published

27 minutes ago

July 9, 2026

OCHEFA

3 Views

The Central Bank of Nigeria (CBN) has stated that the Standard N100 note is still a legal tender and must be accepted for all transactions.

The apex bank made the appeal in a statement by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi-Ali, clarifying that it became necessary, following reports that some members of the public were rejecting the note.

“For the avoidance of doubt, the CBN hereby reiterates that both the commemorative N100 banknote and the standard N100 banknote remain legal tender in Nigeria and must be accepted for all transactions nationwide,” she said.

“The commemorative N100 banknote, which was introduced to mark Nigeria’s centenary, did not replace the existing standard N100 banknote.

Business

Naira Exchange Rates Today Thursday, July 9

Published

3 hours ago

July 9, 2026

Charles Flames

13 Views

BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 410 Sell ₦1,415
GREAT BRITISH POUND (GBP) Buy ₦1,870 Sell: ₦1,890
EURO (EUR) Buy ₦1, 575 Sell ₦1,595
CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370
CHINESE YUAN Buy ₦190 Sell ₦205
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400
CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

Official CBN Exchange Rates

US DOLLAR (USD) ₦1,379.07
GREAT BRITISH POUND (GBP) ₦1,840.64
EURO (EUR) ₦1,572.00
SWISS FRANC (CHF) ₦1,704.45
JAPANESE YEN (JPN) ₦8. 48
CHINESE YUAN (CNY) ₦202.76
WEST AFRICAN CFA (XOF) ₦2.38
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 53
SAUDI RIYAL (SAR) ₦367.24
SOUTH AFRICAN RAND (ZAR) ₦84. 08

Business

JUST IN:, Naira Depreciates to N1,405/$ in Parallel Market

Published

23 hours ago

July 8, 2026

Charles Flames

24 Views

The Nigerian naira continued its recent slide against the US dollar, hitting N1,405 per dollar in the parallel (black) market amid ongoing demand pressures and supply constraints in the foreign exchange market.

According to traders and market sources, the local currency weakened from around N1,400–N1,410 levels in recent sessions, reflecting persistent challenges in the forex ecosystem. In contrast, the official Nigerian Foreign Exchange Market (NFEM) rate, managed by the Central Bank of Nigeria (CBN), stood firmer at approximately N1,368–N1,370 per dollar.

This development widens the gap between the official and parallel markets, raising concerns among analysts about liquidity, speculative activities, and the impact on importers and businesses reliant on dollar transactions.

The depreciation comes as Nigeria grapples with balancing foreign exchange inflows, including remittances and oil revenues, against high demand for imports, debt servicing, and other obligations. Market watchers attribute the pressure partly to seasonal factors and limited dollar availability at official windows, pushing more transactions toward the parallel market.

The CBN has been intervening through various measures to stabilize the naira, including boosting liquidity and tightening monetary policy. However, the parallel market remains sensitive to real-time supply and demand dynamics.

Economists warn that sustained volatility could fuel inflation and affect consumer prices, particularly for imported goods. Stakeholders are calling for stronger policy coordination to narrow the official-parallel rate disparity and restore greater confidence in the forex regime.

Further updates will depend on upcoming CBN interventions and inflows in the days ahead.