Business

Binance, the global cryptocurrency exchange, has confirmed that its executive, Nadeem Anjarwalla, is no longer in Nigerian custody. The spokesperson for Binance, Samantha Fuller, disclosed this information to PUNCH…

Nigeria oil sold at a premium on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, a shrinking U.S. rig count added to upward price pressure. Nigeria…

The Federal Government has filed criminal charges against Binance for tax evasion. The Federal Inland Revenue Service filed the…

Nigeria’s private sector received N80.86 trillion in credit from the banking industry in February 2024, a 93.66 per cent Year-on-Year growth from N41.75 trillion reported in February 2023, the latest data from the…

Nigeria is taking steps to tighten its grip on the cryptocurrency industry by adjusting its regulations for crypto operators. This move comes amid the country’s ongoing clampdown on crypto activities, particularly…

*Respite underway as naira strengthens **16 manufacturing firms record N196.8bn loss before tax **Grave implications for economy – Analysts  **CBN intensifies measures to boost FX A review of the performance of…

Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped from lawful custody, those…

The federal government says it will ban the importation of syringes to encourage local production in the country. Tunji Alausa, minister of state for health, spoke on Sunday during a visit to the Afrimedical…

The Oluwo of  Iwoland, Osun State, Oba Abdulrosheed Adewale Akanbi, has disclosed that he has converted all the dollars in his account into naira and asked other Nigerians to do same to save the national currency. According…

…Struggle with rising operation cost Domestic airlines in Nigeria are beginning to deploy various strategies to cushion effects of low patronage and rising costs on…

The pressure on individuals, banks and Bureaux de Change (BDC) operators to offload their excess dollars and other foreign currencies  is not about to wane as the raft of policy measures introduced  by the Central Bank…

The Association of Bureau De Change Operators of Nigeria (ABCON) on Sunday anticipated that the Central Bank of Nigeria’s Monetary Policy Committee (MPC) will increase benchmark rates further to address the persistent…

A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the position of those expecting naira to stabilise at N400 to the dollar, describing it is unrealistic. He made this known in a…

Active subscriptions for mobile services in Nigeria declined by over 6 million in January this year to 218 million as telecom operators enforced the regulator’s directive of banning SIMs not linked with NIN.  This was…

The exchange rate between the Naira and the Dollar strengthened to N1,431/$ on Friday, March 22, 2024, closing the week on a positive note. Data from the FMDQOTC, where the exchange rate is officially set, revealed that…

The presidency says the clampdown on some cryptocurrency trading platforms is “yielding fruits” for the stability of the naira. Ajuri Ngelale, the special adviser to the president on media and publicity, spoke at the…

The federal government says intending exporters would have to show proof of formal repatriation of proceeds before new export licences and permits are granted to them. Mohammed Idris, minister of information and…

Major Cryptocurrency exchange OKX has announced that it is shutting down its services in India due to local regulations. The Crypto exchange advised its users to withdraw all funds on the platform by the end of April.…

The Federal High Court sitting in Abuja has refused to restrain the Central Bank of Nigeria (CBN) from disbursing all accrued deposits paid into the CBN…

Jeff Bezos, the founder of Amazon, on Thursday, replaced Bernard Arnault, a French entrepreneur, as the world’s richest person. According to data from Bloomberg…

The Central Bank of Nigeria (CBN) is making all the right moves to attract foreign portfolio investors (FPIs) into a market that burnt fingers in the last eight years, but…

Nigeria’s naira rose to a two-month high of N1,382.35 per dollar on Thursday at the official foreign exchange market helped by foreign exchange reforms by the Central…

Rising diesel prices are threatening Nigeria’s communication backbone, with telecommunication operators’ spending on the fuel rising to N50.28…

Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance. In the US, the Justice Department and 16 attorneys general are…