Finance
Naira Crisis: Teesside University Orders Dozens of Nigerian Students to Leave UK
Nigerian students at Teesside University in the United Kingdom are being expelled from their courses and instructed to depart the country due to...
Japan’s 10-Year Government Bond Yield Reaches 1% for First Time in 11 Years
The yield on Japan’s benchmark 10-year government bond briefly touched 1% on Wednesday, marking the first time it has reached this level in...
UK Inflation Drops to 2.3%, Lowest in Nearly Three Years
The UK’s inflation rate fell to 2.3% in April, the lowest level in almost three years, driven primarily by declining gas and electricity...
Reps Advocate Exemption of Military Personnel from Airport Tollgate Fees
The House of Representatives has passed a resolution advocating for a waiver for military personnel at all airports, exempting them from the payment...
IMF Advises UK To Cut Interest Rate To 3.5% By 2025
The International Monetary Fund (IMF) has suggested that the Bank of England reduce the UK’s interest rates to 3.5% by the end of...
CBN to Allow Fintech Firms to Resume Customer Enrolment Within Months Amid Regulatory Strengthening
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will...
SERAP Sues 36 Governors and FCT Minister Wike for Failing to Account for Trillions in FAAC Allocations
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s 36 governors and the Minister of the Federal Capital Territory...
Forbes Names Ronaldo, Messi, LeBron, Neymar Among Highest-Paid Athletes in 2024
Forbes has released its 2024 list of the top 10 highest-paid athletes, featuring global sports icons such as Cristiano Ronaldo, Lionel Messi, and...
Diaspora Remittances to Nigeria Drop by 6.28% in Q1 2024
In the first quarter of 2024, Nigeria recorded $282.61 million in direct foreign exchange (FX) remittances, marking a 6.28% decrease from the $301.57...
CBN Approves 14 New IMTOs in Bid to Double Forex Remittances
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs) as part of a strategy...
Binance’ Bribery Allegations is to Blackmail and Divert Attention – Reps
The House of Representatives has accused cryptocurrency company Binance of blackmail amidst bribery allegations brought against committee members by the company. Chairman of...
Breaking: Bank Transfers Facing Delays Across Nigeria Due to Technical Glitch
Bank Customers in Nigeria are experiencing delays in transferring funds to other banks as a technical issue disrupts services provided by various financial...