Business
Unlocking Africa’s Economic Potential: Sujimoto’s Strategic Expansion and Partnerships
Over the past two decades, Africa’s emerging markets, with a population exceeding 1.5 billion, have attracted global investors’ attention, showcasing the continent’s economic...
While CBN Fights Dollarization of Naira, BRICS Sets to Ditch US Dollar for Chinese Yuan
BRICS members, China and Russia are looking to ditch the U.S. dollar and take loans in Chinese Yuan as one of their several...
Flutterwave Appoints Renowned Architect Olajumoke Adenowo to Global Board
Flutterwave, Africa’s leading startup, appoints Nigerian architect Olajumoke Adenowo to its global board of directors, signalling its commitment to international expansion. As Flutterwave’s...
Fire Razes 50 Shops in Kano Market, Destroys Property Worth N150m
A fire that broke out at midnight has resulted in the destruction of more than 50 shops and property valued at N150 million...
Olufemi Bakre, Managing Director of Parallex Bank, Named Banker of the Year 2023
Olufemi Bakre, Managing Director of Parallex Bank, was named Banker of the Year 2023 by The Sun Newspapers at an award ceremony in...
Just In: Heeding Peter Obi’s Advice, CBN Directs Customs to Base Import Duty on ‘Form M’ Date Exchange Rate
The Central Bank of Nigeria has directed the Nigerian Customs Service (NCS) to use the foreign exchange (FX) closing rate on the day...
Huge Geometric Plant Set to Give Aba, 9 LGAs in Abia 24/7 Power from Monday
A 188-megawatt Geometric Power Plant will be commissioned in Abia on February 26, 2024, to boost the region’s power generation. The commissioning of...
IMF Predicts Zero Growth Rate for Nigeria, Warns Naira May Depreciate Further by 35% in 2024
The International Monetary Fund (IMF) has predicted a further 35% depreciation of the Nigerian Naira in 2024, owing to the country’s production challenges....
Just in: FG Allegedly Restricts Crypto Exchange Platforms in Nigeria
The Federal Government of Nigeria have allegedly banned cryptocurrency platforms, including Binance, OctaFX, Coinbase, and others, to revive the naira and tackle currency...
FX Crisis: Tinubu’s SA recommends ban on Crypto, Binance and Others
Bayo Onanuga, Special Adviser on Information and Strategy to President Tinubu, has recommended a ban on all cryptocurrency exchange platforms. He said this...
Binance Adjusts Peg to ₦1892/$, Denies Allegations of Conniving with Govt.
Binance has countered allegations of succumbing to the Nigerian government’s foreign exchange control desires. On the evening of Wednesday, February 21, 2024, the...
Nigerian Govt. Allegedly Pressured Binance to Restrict P2P Dollar Trading
Binance, the world’s largest cryptocurrency trading platform, on Tuesday, restricted Nigerians from freely engaging in dollar-naira trade on its peer-to-peer (P2P) platform due...