Business

Abba Bello, managing director of Nigeria Export-Import Bank (NEXIM), says the bank has disbursed N68.01 billion to 68 Nigerian entrepreneurs, in the last three years under its export development fund. Speaking with…

The Iyaloja-General, Chief Folashade Tinubu-Ojo, has ordered all markets in Lagos closed to honour the late Alhaji Lateef Jakande. Chief Tinubu-Ojo told The Nation that the first civilian governor of Lagos state deserved…

Tesla Inc CEO Elon Musk said that bitcoin is a better asset to hold than conventional cash. “However, when fiat currency has negative real interest, only a fool wouldn’t…

WorldRemit, a leading cross-border digital payments service, has welcomed the Central Bank of Nigeria’s announcement that all banks will be mandated to facilitate money transfers by…

Buying a car just got easier for Nigerians who are contending with rising inflation and stagnating incomes with the rising option for flexible payments. With car loans, a…

The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers. The directive was disclosed by…

The International Monetary Fund (IMF) has confirmed some of the crypto currencies were being used for money laundering and drugs trafficking. This corroborates what the Central Bank…

There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the report revealed, process more than $1.9 billion daily. However, the most…

The price of Bitcoin on Tuesday rose above $50,000 for the first time in history. The buzz around bitcoin grew when the second richest man in the world Elon Musk in a series of…

Half of all animal produced in Nigeria is consumed in Lagos alone, the state government has said. Governor Babajide Sanwo-Olu of Lagos State disclosed this at the commissioning of the new semi-mechanized abattoir for cows…

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world’s biggest oil producer. Prices also gained as Yemen’s Iran-aligned…

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in…

Bitcoin hit a new record high and approached $50,000 on Sunday, as Wall Street and Main Street increasingly adopt the world’s biggest cryptocurrency.…

Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today. The CEO said development will initially be…

Criminals are using a small group of cryptocurrency brokers and services to launder hundreds of millions of dollars of dirty virtual money, research shared with Reuters news agency showed on Thursday. A total 270…

The Securities and Exchange Commission (SEC) has joined the Central Bank of Nigeria (CBN) to ban crypto trading. SEC has stopped admittance of affected persons into its Regulatory…

Foreign investors ignored 26 states in Nigeria in the whole of 2020, a report released by the National Bureau of Statistics has shown. The capital importation report recently…

The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria's Dangote Refinery would provide an elixir for the country's economy when it is…

The Federal High Court sitting in Abeokuta, Ogun State capital, has dismissed a suit instituted by a lawyer, Olumide Babalola, challenging the Central Bank of Nigeria…

Ecobank Nigeria says its customers are now able to transfer funds by email, SMS and Whatsapp – new features available on the Bank’s Mobile App. Speaking, Olukorede…

The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in January. The market had appreciated by N1.1 trillion…

Elon Musk’s car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future.…

Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.Such limitations on supply would push…

A Federal High Court in Lagos on Saturday granted a Mareva Order restraining the Debt Management Office (DMO) from paying Vine Oil & Gas Ltd and a businessman, Ben…