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Business
Nigeria ranks among top 10 countries in crypto adoption globally – Report
Nigeria ranked among the Top 10 countries in the world for crypto adoption, according to EMURGO Africa, a blockchain technology company that in collaboration with PricewaterhouseCoopers made the announcement.
In a statement released in…
Capital flight drives stock investors to reform
The effects of fiscal and monetary policies on the Nigerian equity market have raised concerns among stakeholders, despite the fact that it has ended the last three years on a positive note. OLUWAKEMI ABIMBOLA writes about the need for…
Subsidy: FG owes NNPCL N2.8trillion – Kyari
Mele Kyari, the Chief Executive of the Nigerian National Petroleum Company Limited (NNPCL), claimed on Tuesday that the federal government owes the company N2.8 trillion for fuel subsidy payments.
After his meeting with President Bola…
Read The Press Remarks On Issuance Of New Naira Banknotes By Mr Godwin Emefiele, Governor, Central…
Good afternoon Ladies and Gentlemen, and welcome to this special press briefing at the Central Bank of Nigeria. We have called this gathering to inform all our stakeholders and the general public of persisting concerns we currently face…
Bank stops dollar transactions using naira debit cards
As a result of the increasing scarcity of foreign exchange in Nigeria, First Bank of Nigeria has suspended the usage of the Naira Mastercard, Naira Credit Card, our Virtual card, and Visa Prepaid Naira card for international transactions.…
Lawmakers Lament as Nigeria’s Debt Reaches an All-time High of N42.84trn
At the resumption of plenary yesterday, the House of Representatives joined the growing number of Nigerians who have expressed concern that the country may be approaching a debt trap, as the Debt Management Office (DMO) revealed that…
Federal Govt’s Policy Inconsistencies, Forex Remain Strong Business Constraints’
CWG Plc has stated that the federal government’s policy inconsistencies and the unavailability of foreign exchange are hindering the Nigerian business community, noting that, the precarious situation has made many business concerns to cease…
2023 budget: Senate to slash proposed N6trn import duty waiver by 50%
The Senate will reduce the import duty waivers proposed for the N19.76 trillion 2023 budget, which will result in a N12.4 trillion deficit.
Solomon Adeola, Chairman of the Senate Committee on Finance, stated this in Abuja on Tuesday…
US, Nigeria Agree on Gas Deployment in Push for Renewable Energy Sources
Mr. John Kerry, the United States' Special Envoy on Climate Change and a member of the country's security council, assured Nigeria yesterday of the country's technical assistance in its efforts to decarbonize its energy sources.
Kerry, a…
NDIC Calls For Final Claims On 23 Defunct Banks, MfBs
The Nigeria Deposit Insurance Corporation (NDIC) has issued final notice for the payment of stakeholders, creditors and depositors of 23 defunct banks and microfinance banks in liquidation with a 21 day grace period starting Monday,…