Business
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...
Businesses Are Dying, Manufacturers Are Shutting Down Because of Poor, Inconsistent FG Duty Policies – Peter Obi
Peter Obi has urgently called on the federal government to end the inconsistency in duty charges as it affects the country’s general business...
Nassarawa police raid kidnappers’ den, arrest 109 illegal miners
The Nasarawa State Police Command has apprehended at least 109 individuals suspected of illegally mining within the Nasarawa Eggon Local Government Area. In...
Nigerian Breweries loses N106.31bn, says Nigerians can no longer afford beer
Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc, has disclosed that the economic condition in Nigeria has worsened to a point...
Tinubu About to Cause Air Disaster, Imposes 50% Tax on NCAA
In a bid to raise revenue, President Bola Ahmed Tinubu has issued a directive mandating all self-funded agencies, including the Nigeria Civil Aviation...