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”Remove fuel, electricity subsidy” – IMF urges FG
The International Monetary Fund (IMF) has issued a stern warning to the Nigerian government, urging the removal of what it termed “implicit fuel...
FinanceNews
Garri, Dudu Osun, Sanitary Pads, and Other Consumer Items Priced High in Last One Year – SBM Intelligence
In Nigeria, the cost of living has reached an alarming level, causing widespread concern and hardship among ordinary citizens. The persistent rise in...
FinanceNews
My Priority is Recovering Misappropriated N10bn Airport Funds, not Jailing anyone- Otti
Amidst the ongoing controversy surrounding the alleged misuse of N10 billion allocated for an airport project in Abia State, Governor Alex Otti has...
FinanceNews
Zimbabwe Cracks Down on Businesses not Using Official Exchange Rate for New ZIG Currency
The Zimbabwean government is cracking down on businesses that has refused to use the official exchange rate for its new currency, Zimbabwe Gold...
FinanceNews
IMF Advises CBN Against Amending the CBN Act
The International Monetary Fund (IMF) has advised the Nigerian authorities against the proposed amendment of the Act establishing the Central Bank of Nigeria...
FinanceNews
Customs Intercepts 90 Sacks of Cannabis from Ghana in Ogun State
The Nigeria Customs Service (NCS) at the Ogun 1 Command on Thursday confiscated 90 sacks and 1,309 parcels of cannabis sativa, along with...
FinanceNews
House of Rep asks CBN to retract Cybersecurity Levy Implementation
The House of Representatives has called upon the Central Bank of Nigeria (CBN) to retract its recent directive mandating banks to impose a...
FinanceNews
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian currency, Naira, has been trending downward against the US dollar in both official and black market segments. Data from the FMDQ...
FinanceNews
Police Arrest 17 Suspected Forex Hawkers in Wapa
The Nigerian police in Kano have apprehended 17 individuals suspected of operating illegal Bureau de Change (BDC) businesses in the Wapa area. The...
FinanceNews
CBN gives July 7 ultimatum for PoS Operators to Register with CAC
Central Bank of Nigeria issued a letter on April 30, 2024, directing “all non-individuals” on the Agent Banking Authorisation to register with the...
FinanceNews
Nigeria sets dangerous precedent detaining execs and crackdown on Crypto – Binance
The CEO of the cryptocurrency exchange Binance, Richard Teng, accused the Nigerian authorities of setting a dangerous precedent following the invitation of its...
FinanceNews
”Nigerian Officials demanded crypto payments to make the issues “go away” – Binance
Binance Holdings Limited, a cryptocurrency platform, has alleged extortion and harassment by authorities in Nigeria. The company asserts that Nigerian authorities demanded a...