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Bitcoin price drops below $40,000 amid Russian Crypto Ban

Bitcoin, the world largest crypto by market cap, dropped more than 9 percent on Friday to $38,147.According to data on CoinMarketCap, this is the...

IMF Proposes $50bn Trust Fund For Nigeria, Other Low, Middle-Income Countries

The International Monetary Fund (IMF) is proposing a $50 billion trust fund for Nigeria and other low and vulnerable middle-income countries.In a blog post...

BUA Petrochemical will add value to A’Ibom Economy

The Akwa Ibom State Government says the BUA petrochemical project to be located in Ibeno local government would add value to the economy of...

Increase in petrol price will push more Nigerians into poverty – Abdulsalami

Abdulsalami Abubakar, former head of state, says an increase in the price of petrol will push more Nigerians into poverty.Abubakar spoke at the 19th...

Naira depreciates as banks shift BTA/PTA rates to N419 per Dollar

The value of the Nigerian naira depreciated by 1.5 percent as banks shifted personal travel allowance (PTA) and business travel allowance (BTA) rates from...

BREAKING: Nigeria’s inflation rate rises to 15.63%

The consumer price index, which measures the rate of increase in the price of goods and services, increased to 15.63 percent in December 2021.The...

Court restores GTBank’s appeal against Innoson Motors on N2.4bn judgment debt

The Supreme Court has reversed its earlier decision which dismissed an appeal by Guaranty Trust Bank (GTB) against a N2.4 billion judgment given in...

Standard Chartered to shut half of branches in Nigeria

Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as...

Naira exchange rate for Tuesday morning, January 11

The Naira exchange rate in the parallel market for Tuesday morning, January 11, 2022, as confirmed by Bureau De Change operators in Abuja, is...

Binance CEO, CZ who was a ‘salary earner’ 6 years ago, now 4 times richer than Dangote

Changpeng Zhao, the CEO of Binance has risen to the ranks of the world’s wealthiest people. The 44 years old cryptocurrency pioneer, has reportedly...

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