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Opay breaks silence over CBN restriction
Nigeria’s financial technology bank, Opay, said it has closed non-compliant accounts amid the recent Central Bank of Nigeria’s…
Why Naira appreciation yet to fully impact cargo imports – CPPE
The Centre for the Promotion of Private Enterprise has explained that the impact of Naira appreciation may not…
Air Peace expands Lagos-London route with new connections from major Nigerian cities
Air Peace has announced the introduction of expanded route options for its recently launched Lagos-London service. Passengers traveling…
Port Harcourt Refinery yet to take off as deadline elapses
The Port Harcourt Refining Company Limited (PHRC) is yet to commence operation despite assurances by authorities that it…
Naira appreciation against USD sustainable – Rewane
The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane has said the current Naira appreciation…
Naira rebounds to N1,400/$ as speculators offload forex
The Naira witnessed a significant rebound against the US dollar on Wednesday, both at the official and parallel…
Binance restricted 281 accounts belonging to Nigerian residents, trained EFCC officials
Binance stated it restricted 281 accounts belonging to Nigerian residents due to money laundering concerns in 2022 and…
CBN increases customs duties exchange rate
The Central Bank of Nigeria, CBN, again increased the exchange rate for calculating Customs duties at the country’s…
Nigeria’s Oil Revenue Surges as Crude Production Rises
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude…
Stock market rises by 2.61% in one week
In the trading week ended Friday, March 8, Nigeria’s equities market rose by 2.61 percent as investors bought…
OFFICIAL: Binance to discontinue naira services
Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials…
Nigeria: There Was No Discussion About $10 Billion Fine; We Won’t Pay Ransom Or Damages If Asked – Binance
Binance stated on Friday that it was not in any talks with the Nigerian government about potentially paying…
FG Slams $10 Billion Fine On Binance
The Nigerian government is demanding at least $10 billion as retribution from Binance amid crackdown on the crypto…
President Tinubu Instructs Dangote, BUA, Other Companies To Revert Cement To Old Prices
President Bola Tinubu has directed cement companies in Nigeria to reverse the recent hike in the price of…
Binance Confirms Working With Tinubu’s Government To Block Dollar-Naira Exchange
Binance have announced that they are working with the Nigerian government to stamp out activities non-complaint with the…
Federal Government and Cement Manufacturers Agree on Price Reduction
In a bid to address the soaring prices of cement across the country, the Federal Government and cement…
Distillers to lose N1.2 trillion investments, 5.5 million jobs over NAFDAC ban on alcoholic beverages
The Distillers and Blenders Association of Nigeria (DIBAN), has warned that investments worth over N1.2 trillion will be…
BUA announces 50% salary increment for all staff
Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment…
Nigerian Breweries hike price amid skyrocketing cost of production
The Nigerian Breweries PLC has issued a “Price Review Notification” to all its direct customers in the West…
Cement price surges to N15,000 in Abuja
A 50 kilograms bag of cement in the Federal Capital Territory has surged to between N10,000 and N15,000,…