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FG Mulls Slamming Binance with Fine of over $10 Billion, after Detaining Executives
Special Adviser to the President on Information and Strategy, Bayo Onanuga, has stated that Nigeria may slam Binance with a fine of over...
BusinessNews
Binance Says it will not Pay any fines to Nigerian Government
Contrary to the Nigerian government’s claim of potential $10 billion fines, Binance Holdings Ltd stated on Friday that it is not engaged in...
BusinessNews
MTN Nigeria Records N740 Billion Forex Loss
MTN Nigeria Plc has reported a staggering pre-tax loss of N177.8 billion, starkly contrasting the N518.8 billion pre-tax profit recorded the previous year....
BusinessNews
South African Tycoon Predicts Rebound for Nigeria Amid Corporate Departures
South African billionaire Christo Wiese revealed that Nigeria’s sizable and expanding population presents an irresistible opportunity for businesses despite the recent departures of...
BusinessNews
Satchet Water To Likely Sell at N100, Producers Say
The Association of Table Water Producers of Nigeria has announced a potential price increase for sachet water, commonly known as “pure water,” to...
BusinessFinanceNews
Nigerian Banks Push Customers to Link NIN and BVN Ahead of CBN Deadline
Nigerian banks are urging customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) ahead of the March deadline set...
BusinessNews
Breaking: Nigerian Authorities Detain Senior Binance Executives
Following Nigeria’s recent efforts to regulate cryptocurrency exchanges and curb speculation on the naira, two senior executives at Binance have been detained in...
BusinessNews
“Customs is not heeding Form M rate directive”, Netizen Cries out to CBN
The Nigerian Customs Service (NCS) has come under scrutiny for disregarding the Central Bank of Nigeria’s (CBN) directive to base import duty on...
BusinessNews
Nissan to Launch Self-Driving Taxi Service in Japan come 2027
Nissan Corporation has disclosed plans to introduce a self-driving taxi service in Japan, with trials set to begin in Yokohama in April 2027....
BusinessNews
Nestle Loses N104b Due to Naira Devaluation
Nestle Nigeria Plc has revealed a loss before tax of N104 billion for the fiscal year 2023, a sharp contrast to the N71...
BusinessFinanceNews
CBN Governor Raises Concern Over Amount Passing Through Binance Nigeria
Nigeria’s Central Bank Governor, Olayemi Cardoso, has raised concerns over the significant amount of money passed through Binance Nigeria, amounting to approximately $26...
BusinessFinanceTechnology
Sterling Bank CEO Urges Embrace of AI for National Competitiveness
Sterling Bank Limited’s Managing Director and CEO, Mr. Abubakar Suleiman, emphasized the imperative of prioritizing Artificial Intelligence (AI) development for both governmental and...