Naira will not rise untill there’s ‘light,’ former CBN boss declares
Unless there is power and the rebirth of Nigerian manufacturing, the naira will continue to stumble against the dollar, former…
Foreign Airlines denies CBN’s payment of outstanding forex backlog
Association of Foreign Airlines and Representative in Nigeria president Kingsley Nwokoma has debunked claims by the Central Bank of Nigeria…
Meet the Dame at the zenith of Zenith Bank
Dame Adaora Umeoji was named new Group Managing Director/Chief Executive Officer Zenith Bank of Nigeria, she joins the growing number…
Court orders Binance to publish names of Nigerians using its platform
A Federal High Court sitting in Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission…
Ghana suspends First Bank, GTB over shady forex deals
First Bank of Nigeria and Guarantee Trust Bank subsidiaries in Ghana have been suspended by the Bank of Ghana over…
Binance washes hands off naira deals
Cryptocurrency firm, Binance, said from March 8, 2024 it would no longer trade in the naira and has asked customers…
Nigeria is too large for one man to monopolise cement, traditional ruler tells Tinubu
The Ovie of Idjerhe Kingdom Obukohwo Monday Whiskey has urged President Bola Tinubu to grant cement manufacture and distribution licenses…
CBN tears up 4,000 BDC Licences in bid to save naira
Over 4,000 operators of Bureau De Change in Nigeria have been put out of business by the Central Bank of…
Forex fixing: FG slams $10 billion fine on Binance
The Federal government fined Binance a crypto trading firm a $10 billion over allegations of influencing the country’s forex crisis.…
Kalu Eke shuns CBN board of directors appointment
President Bola Tinubu’s nominee into the Board of Directors of the Central Bank of Nigeria (CBN), Mr Urum Kalu Eke…
Produce more oil or miss $14 trillion investment, OPEC warns Nigeria
Organisation of Petroleum Exporting Countries has urged Nigeria to up its oil production or the country may miss out on…
DSS operatives arrest Binance top executives
Two senior executives at Binance have been detained in Nigeria as the country cracks down on cryptocurrency exchanges, the Financial…
CBN hikes interest rates, sells $20,000 to BDCs
The Central Bank of Nigeria has raised the interest rate to a record 22.75 percent from 18.75 percent, a measure…
Forex shortage: Clamp down on BDCs ill-advised, Obi slams Tinubu
As the fortunes of the naira continues to dip, Labour Party presidential candidate in the 2023 elections, Peter Obi said…
House of Reps orders NAFDAC to stay action ‘sachet alcohol’ ban
National Agency on Food, Drugs Administration and Control, NAFDAC ban on the sale of alcoholic drinks in sachets and pet…