Stakeholders in the financial sector have called for a regulatory framework for blockchain and cryptocurrency transactions in Nigeria. The call was made on Tuesday in Abuja at a blockchain/cryptocurrency policy conference … Read More
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the acceptance of the eNaira will speed up the rate of financial inclusion in the country. This … Read More
The world’s largest crypto by market cap, Bitcoin on Monday fell below $33,000 for the first time in 10 months. The volatile asset had last recorded its lowest price in … Read More
Elon Musk has raised $7.1 billion for his Twitter acquisition from investors that include Oracle founder Larry Ellison and Saudi Prince Alwaleed bin Talal, according to a securities filing Thursday. Musk, … Read More
The Organisation of the Petroleum Exporting Countries (OPEC) has stated that the ongoing war in Ukraine is causing huge volatility in the global energy market. The organisation also called for … Read More
The Nigerian licensed customs agents (ANLCA) has disclosed that it will engage the national assembly on the new 15 percent National Automotive Council (NAC) levy introduced by the Nigeria Customs … Read More
Flour Mills of Nigeria Plc (FMN) has secured the necessary regulatory clearances to purchase a 71.69% share in Honeywell Flour Mills Plc (HFMP), a former Honeywell Group portfolio company. Mrs … Read More
The Infrastructure Concession Regulatory Commission (ICRC) has stated that the Badagry Deep Seaport is estimated to generate about $2.6 billion for the country. Thus was stated on Wednesday by Michael … Read More
Godwin Emefiele, Governor of the Central Bank of Nigeria has stated that despite calls and recommendations by the International Monetary Fund, the World Bank and other global financial institutions, Nigeria cannot … Read More
The billionaire founder of Tesla Inc, Elon Musk has stated that if he acquires Twitter, he will cut salaries of its board of directors to zero. Twitter currently has 11 … Read More
The Central Bank of Nigeria (CBN) has stated that it will begin the payment of N65 forex rebate to exporters who sold their goods through the importers and exporters (I&E) … Read More
The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country for violating regulations barring customers from transacting in cryptocurrencies. According to a … Read More
The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigeria to adopt concessionary financing instead of commercial borrowings. Concessional financings are loans extended on terms substantially more … Read More
Elon Musk, a billionaire businessman, now owns 9.2 percent of Twitter. The information is contained in a Securities and Exchange Commission filing in the United States. Musk purchased 73,486,938 Twitter … Read More
Innoson Vehicles Manufacturing (IVM) has disclosed that plans are afoot to set up a manufacturing plant in Owerri, Imo state. This was disclosed on Friday by Innocent Chukwuma, chairman, Innoson Group … Read More
The Nigeria Deposit Insurance Corporation has disclosed that it had paid a total of N119.101 billion as insured sums to 535,815 depositors, creditors, and shareholders of closed banks as of December … Read More
The Debt Management Office (DMO) has stated that federal government used loans to bring the economy out of the 2017 and 2021 recessions. This was stated on Thursday by Patience Oniha, … Read More
The minister of aviation, Hadi Sirika has disclosed that Nigeria Air Limited, the country’s proposed national carrier will have no government control. Sirika said he is optimistic that when the … Read More
The federal government has commended the Edo state government’s sustained collaboration and investment in the agricultural sector. This is coming after the state government said it attracted over $531m in the last … Read More
Central Bank of Nigeria through a data has disclosed that Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020. According to CBN’s Balance … Read More