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CBN debunks rumors of cryptocurrency transaction restrictions
The Central Bank of Nigeria (CBN) has addressed circulating rumours regarding alleged directives aimed at restricting transactions with cryptocurrency exchanges.
Contrary to these rumours, the CBN clarified that no such…
KPMG cancels foreign graduate job offers after UK tightened visa rules
KPMG has announced the cancellation of job offers to some foreign graduates in the United Kingdom (UK).
KPMG took this step following the decision of the UK government to tighten visa rules for overseas workers in a bid…
IOCs insist on dollar payment for 80% crude sale
To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the United States dollar, while 20 per cent is to be paid using the local currency – naira, it was gathered on Wednesday.
On April 16,…
‘CBN’s moves to stabilise naira laudable’
The aggressive policies introduced by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, to stabilise the naira have been applauded by the Diocesan Bishop of Ife, Rt Rev. Olubinmi Akinlade.
The cleric made…
President Biden Signs Law To Ban TikTok In U.S. Unless It’s Sold
President Biden has signed a law to ban Chinese-owned TikTok unless it is sold within a year.
It is the most serious threat yet to the video-streaming app's future in the U.S., intensifying America's tech war with…
FG revokes 924 dormant mining licences, defaulters to pay N10m fine
The federal government has revoked 924 dormant licences across four sectors in the mining industry.
The areas affected include exploration, mining, small-scale mining, and quarrying.
Dele Alake, minister of solid minerals…
Several Binance-like platforms still operating, causing naira to depreciate – BDCs tell FG
The president of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, says BDC operators are committed to preventing speculators from attacking the naira.
Mr Gwadabe said this in an interview on…
FULL LIST: MultiChoice Announces Fresh Price Hike In DStv, GOtv Packages
Multi choice, operators of DStv and GOtv, have announced a price increase for its packages.
The new prices take effect from May 1, 2024, just five months after its last price upward review.
Multichoice, in a statement…
Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA
…Subsidiaries hit Ogun trade fair
Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the…
Who’s who in Nigerian tycoon Femi Otedola’s inner circle?
Femi Otedola’s close relationships with influential figures in both business and politics serve as pillars of strength, propelling him forward…
Philippines SEC orders Apple and Google to remove Binance from its app stores
The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines.
According to CoinTelegraph, a press release by the…
Again, Dangote crashes diesel, and Aviation fuel prices further to N940, N980 respectively
Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per…
CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam
The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them of direct sales of US dollars at a discounted rate of N1,021 per dollar.
This move marks the second…
GTCO to pay shareholders total dividend of N94 billion for FY 2023
Shareholders of Guaranty Trust Holding Company (GTCO) Plc will receive a total dividend of N94.180 billion for the financial year ending December 2023, representing a reward of N3.20 for each share held.
It was the board…
Naira depreciates further at parallel market, trades at N1,260/$
The naira on Wednesday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market.
The latest figure represents a 2.44 percent drop from the N1,230 per dollar on April 19.…
FG to resell DisCos under banks, AMCON in three months
The federal government on Monday, April 22, vowed to sell off the five electricity Distribution Companies (DisCos) now under the management of banks and Asset Management Company (AMCON) in the next three months to…
FCCPC Shuts Chinese Supermarket Over Claims Of Discrimination Against Nigerians
Officials of the Federal Competition and Consumer and Protection Commission (FCCPC) have sealed up an Abuja-based Chinese supermarket situated at the China General Chamber of Commerce.
The FCCPC officials shut the…
Trusteeship Is for Everyone, Including You
You work hard for your cash, big pile or small. Naturally, you want it protected and passed to relevant parties after you are gone. That is where trustees come in, and they are not just…
Dangote refinery expected to start petrol supply in Q4 – S&P Analyst
Analyst at the Standard and Poor’s’ Global Commodities Insights have projected that the Dangote refinery will start supply of petrol in the fourth quarter of this year rather than the next month being stated by the…
Kenya to extradite Binance executive who escaped from Nigeria
Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week, The PUNCH has learnt.
Anjarwalla who escaped from lawful custody…
UBA Asks Court To Stop Sale Of Borini Prono Assets, Warns Buyers
United Bank For Africa Plc (UBA) has said it has filed an application to halt the sale of the assets of a construction firm, Borini Prono and Company Nigeria Limited.
It…
‘There’ll be ups and downs’ – CBN says its working to stabilise nair
The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate.
Yemi Cardoso, CBN governor, spoke on April 20 during a press conference held at the annual…
Kenyan police arrest Binance executive who escaped from Nigeria
The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week.
Government sources familiar with…
After Adeduntan’s sudden departure, Segun Alebiosun set to become acting CEO of First Bank
Segun Alebiosun, the Executive Director and Chief Risk Officer appears set to be named the acting Managing Director and Chief Executive of Nigeria’s oldest financial institution, First Bank.
He is expected to take the…