CATEGORY
Business and Economy
Central African Republic Adopts Bitcoin As Legal Currency
The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do...
Currency in circulation hits N3.25trn — highest since December 2021
Nigeria’s currency in circulation climbed to N3.25 trillion in March 2022, representing the highest since December 2021.Currency in circulation (CIC) is the amount...
Russia-Ukraine War could put $10bn food production at risk – AFDB
In a statement the African Development Bank Group (AFDB) President, Dr. Akinkumi Adesina says Fertilizer crisis triggered by the Russian war in Ukraine...
Elon Musk buys Twitter at $44bn.
On Monday, Twitter confirmed it's selling the platform to billionaire entrepreneur, Elon Musk, striking the deal at the value of $44 billion dollars.Musk in...
FG recorded N2.23trn fiscal deficit in Q4 2021 – CBN
The Central Bank of Nigeria (CBN) says the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021.The apex bank...
My Refinery Will Be Ready For Commissioning Before End Of Buhari’s Tenure – Dangote
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President...
Nigeria’s debt to hit 44.7% of GDP in 5yrs — IMF
The International Monetary Fund (IMF) has projected that Nigeria’s total public debt will rise steadily to 44.2 per cent of Gross Domestic Product, GDP,...
Over 33.4 million Nigerians Trade Crypto Despite CBN’s Ban – Report
Despite the Central Bank of Nigeria’s restriction on cryptocurrencies-related transactions in the banking sector, a report by a crypto platform has said about 33.4...
Fuel subsidy puts Nigerian Economy at High Risk – World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and...
Procedures Govt Should Follow To Remove Petrol Subsidy – Moghalu
There are a number of procedures to be followed by the Federal Government before removing the subsidy on Premium Motor Spirit (PMS), also known...
Latest news
- Advertisement -