Economy

Major global cryptocurrency exchange, Binance will discontinue all services for Nigeria’s fiat currency, the Naira, following the ongoing regulatory onslaught on the firm by the Nigerian authorities.It announced on March 5 that the…

Approximately 91 million bank accounts could be frozen as the Central Bank of Nigeria (CBN) has set a deadline of March 1st for linking bank accounts with the National Identity Number (NIN) or Bank Verification Number (BVN).Commercial…

The Central Bank of Nigeria (CBN) said it has concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise.This was disclosed by the apex…

The surge in conversations surrounding cryptocurrencies is not completely surprising as this class of assets which were of little to no value in 2009 when the world’s first cryptocurrency “Bitcoin” was created, are now estimated to be worth…

Following the unscrupulous activities of the platform, President Bola Tinubu's administration has reportedly slammed a fine of $10 billion on the global cryptocurrency exchange---Binance, alleging the country has incurred massive losses due…

Telecommunications giant, MTN Nigeria plc has reported a loss before tax of N177.8 billion compared to the pre-tax profit of N518.8 billion a year earlier.It attributed the losses to foreign currency loss of n740 billion up from n81…

In it's effort to curb the activities of unscrupulous Bureaux De Change operators, the Central Bank of Nigeria (CBN), has announced the revocation of the operating licences of 4,173 BDCs in the country.This was disclosed in statement…

The Central Bank of Nigeria (CBN) has released a list of eligible Bureaux De Change (BDCs) operators.The apex bank said all qualified BDCs must adhere to strict guidelines regarding the sale of foreign exchange to end-users.…

The Nigerian equity market on Thursday recovered from its three sessions losses, making investors to gain N390 billion.Improved buy interest in the shares of Guaranty Trust Holding Company, GTCO, Zenith Bank, FBN Holdings, NEM…

Below is the story of how Governor Alex Otti was involved in Geometric, both as a private citizen, and as governor.The 181-megawatt Geometric Power plant in the Osisioma Industrial Layout of Aba in Abia State was commissioned on Monday,…