Business

Why 4,173 Bureau De Change operators’ licences were revoked – CBN

The Central Bank of Nigeria on Friday revoked the licences of 4,173 Bureau De Change operators over their failure to meet regulatory guidelines. The apex...

CBN to sell N1.64trn Treasury Bills in Q2

The Central Bank of Nigeria plans to sell N1.64 trillion worth of Treasury Bills in the second quarter of 2024. The apex bank disclosed this...

USD supply turnover surges to $296m at forex market as Naira gains

The US Dollar supply turnover at the close of trading at the official foreign exchange market surged to $296.00 million on Friday as Naira...

FG still paying about N1 trillion on fuel subsidy monthly – Pinnacle Oil boss, Dickerman

The Chief Executive Officer, CEO, and Managing Director of Pinnacle Oil and Gas Limited, Robert Dickerman, has revealed that the Nigerian Government still pays...

Binance Denies Knowledge Of $10billion Fines From Nigeria, Says They Won’t Pay If Asked

The biggest cryptocurrency trading platform; Binance Holdings Ltd said on Friday that it was not in any talks with the Nigerian government about potentially...

FX backlog: Only five banks left uncleared – CBN Governor Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says it has cleared all foreign exchange backlogs except for five commercial banks. Cardoso disclosed...

Nigerian govt hits Binance with $10bn fine

The Nigerian government has fined Binance $10 billion as its crackdown on the crypto exchange platform escalates. The development comes amid desperate moves to salvage...

Energy expert Arukhe advocates investment, innovation, collaboration to revitalise Nigeria’s oil production

James Arukhe, a renowned oil and gas expert, asserts that bridging this gap and reviving Nigeria’s oil sector is not just a matter of...

CBN to sell N1.64trn Treasury Bills in Q2

The Central Bank of Nigeria plans to sell N1.64 trillion worth of Treasury Bills in the second quarter of 2024. The apex bank disclosed this...

Crisis rocks Yobe cattle market over tax hike

Potiskum Cattle Market in Yobe State was thrown into crisis on Thursday as the marketers protested over an increase in tax rate by the...

Alleged illegality: Enugu Agency demolishes structures at popular restaurant

The Enugu Capital Territory Development Authority, ECTDA, has demolished some structures at Breathe Restaurant & Lounge located at Independence Avenue at Independence Layout, Enugu,...

Bakers reach agreement with govt, call off nationwide strike

The Bakers Association of Nigeria, AMBCN, has called off its strike following a discussion with the officials of the Ministry of Agriculture. In a statement...

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