ADVERTISEMENT ADVERTISEMENT The Federal Government on Wednesday, February 21, 2024 blocked the online platforms of Binance and other crypto firms to avert what it considers continuous...
ADVERTISEMENT ADVERTISEMENT Operatives of the Economic and Financial Crime Commission (EFCC) arrested some currency exchange operators in the famous Kano currency exchange market, WAPA, in the...
ADVERTISEMENT ADVERTISEMENT The naira Tuesday slid further at the parallel market in spite of the clampdown the federal government ordered on foreign exchange market speculators. Bureau...
ADVERTISEMENT ADVERTISEMENT In a bid to halt the consistent devaluation of the Naira, President Bola Tinubu says the Federal Government is planning to raise at least...
ADVERTISEMENT ADVERTISEMENT Nigerian Naira is currently trading at over 2,000 Naira against the British pound in the parallel market, New Telegraph reports. Malam Ibrahim, a Bureau...
ADVERTISEMENT ADVERTISEMENT Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described his job as the second most difficult on the globe. This is...
ADVERTISEMENT ADVERTISEMENT The African Development Bank (AfDB) has warned that Nigeria, Ethiopia, Angola and Kenya risk social unrest owing to the rising prices of fuel and...
ADVERTISEMENT ADVERTISEMENT Google has announced an initiative to provide artificial intelligence tools and investments to bolster online security, as the emerging technology is increasingly used to...
ADVERTISEMENT ADVERTISEMENT The Central Bank of Nigeria (CBN) has announced far-reaching measures to shore up the value of the Naira, with more liquidity in the Foreign...
ADVERTISEMENT ADVERTISEMENT The foreign exchange crisis worsened on Thursday as the local currency further depreciated, exchanging at N1,600 to a dollar at the parallel market, findings...
ADVERTISEMENT ADVERTISEMENT Nigeria’s inflation rate for January 2024 rose to 29.90% from 28.92% recorded in the previous month according to the latest National Bureau of Statistics...
ADVERTISEMENT ADVERTISEMENT Dollar traded near three-month highs to major peers on Wednesday giving the naira little room to maneuver as forex traders pushed back bets for a...
ADVERTISEMENT ADVERTISEMENT The Nigerian Breweries Plc has increased the price for its Stock-Keeping Units (STUs) over the rising costs of importation. This was stated in...
ADVERTISEMENT ADVERTISEMENT Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows the death of its...
ADVERTISEMENT ADVERTISEMENT The Naira depreciated to a record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. Data from FMDQ showed...
ADVERTISEMENT ADVERTISEMENT The International Monetary Fund, IMF, has warned that Nigeria is experiencing a deepening economic crisis. IMF expressed concern that the stagnant per-capita growth, widespread...
ADVERTISEMENT ADVERTISEMENT Dangote Refinery is due to deliver its first fuel into the local market within weeks, four sources confirmed to Reuters, in a key milestone...
ADVERTISEMENT ADVERTISEMENT The former Emir of Kano, Muhammadu Sanusi, has blamed the current hardship in Nigeria on former President Muhammadu Buhari. Sanusi said it would be...
ADVERTISEMENT ADVERTISEMENT The World Bank has issued a warning that seven states in northern Nigeria are facing a high risk of food insecurity in 2024, due...
ADVERTISEMENT ADVERTISEMENT The Nigerian currency, the Naira, strengthened its position against the US dollar and other major currencies in the foreign exchange market on Friday, according...
