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Business and Economy

CBN and Subsidiary Spent N74 Billion on Currency Production and Redesign in 2022

By Daniel EduThe Central Bank of Nigeria (CBN) and its subsidiary, the Nigerian Security Printing and Minting Plc, expended a total of N74.84 billion...

Nigeria Customs Service to Reestablish Relations with Cameroon and Chad

By Daniel EduIn an announcement made by Adewale Adeniyi, the acting Comptroller General of the Nigeria Customs Service, plans are underway to renew positive...

Bitcoin’s Value Hits A Fresh Two-month Low Amidst Global Market Sell-off

Top cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment...

Nigeria Commits to Join Second Phase of AfCFTA’s Guided Trade Initiative

By Daniel EduSegun Awolowo, the Executive Secretary of the National Working Committee of the African Continental Free Trade Area (AfCFTA) for Nigeria, has confirmed...

Bauchi govt, Chinese coys discuss business, investment opportunities

By Our CorrespondentA delegation from the Bauchi state government on Wednesday met with Chinese companies in Nigeria to explore business and investment opportunities in...

Extended Shutdown of NLNG Raises Concerns About Gas Production in Nigeria

By Daniel EduThe ongoing operational halt enforced by the Nigerian Liquefied Natural Gas Ltd (NLNG) poses a significant threat to the country's annual gas...

Binance Pursues Protective Order Against SEC Amidst Legal Clash

Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission, saying the regulator's requests for...

Black Market Dollar to Naira Exchange Rate Today, August 16th, 2023

By Daniel EduCurious about the Dollar to Naira exchange rate on the black market, also known as the parallel market (Aboki fx)? Take a...

“Oil Marketers Recommend Gradual Subsidy Relaxation Amid Currency Struggles, While President Tinubu Stands Firm Against Fuel Price Hike”

By Daniel EduOil marketers are suggesting to President Bola Tinubu that a gradual relaxation of the removal of subsidy on Premium Motor Spirit (PMS),...

N6.9bn Procurement Scandal: Federal Government to Bring Charges Against Emefiele and Associates on Thursday

By Daniel EduThe suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and his associates are set to be arraigned by the...

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