The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to issue operating licenses or register cryptocurrency dealers. This recommendation is part […]
Category: Economy
Economy
CBN Expected to Suspend Implementation of Cybersecurity Levy
The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of the Cybersecurity Levy, which was scheduled to begin on […]
EFCC Bans Foreign Missions from Transacting in Foreign Currencies
The Economic and Financial Crimes Commission (EFCC) has issued a directive prohibiting foreign missions based in Nigeria from conducting transactions in foreign currencies, mandating the […]
U.S. Government Lauds Nigeria’s Monetary Policies, Commits to Partnership for Economic Growth
The United States government has praised Nigeria’s monetary policies, acknowledging their role in creating a conducive environment for businesses to thrive and in strengthening and […]
Court Saga: Former CBN Governor Emefiele Accused of Bribery
In the ongoing trial of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a prosecution witness, Victor Onyejiuwa, testified before the […]
FBN Holdings Announces New Chairman for First Bank of Nigeria Ltd.
FBN Holdings Plc has announced the departure of Mr. Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of […]
Governor Otti: Employment Not a Priority in Abia State
Governor Alex Otti of Abia State has stated that employing new personnel into the state’s civil service is not a priority for his administration at […]
Former Aviation Minister Hadi Sirika Granted 100 Million Bail in N2.7bn Fraud Case
A Federal High Court in Abuja has granted bail to former Minister of Aviation, Hadi Sirika, his daughter, and two others in the sum of […]
NLC President Advocates for N615,000 Minimum Wage Amidst Economic Realities
Joe Ajaero, the national president of the Nigerian Labour Congress (NLC), has clarified the rationale behind proposing N615,000 as the minimum wage to the federal […]
Presidency Denies Microsoft Office Shutdown in Nigeria
Recent reports alleging that Microsoft is closing its Nigerian office have been refuted by the presidency. The news, which circulated widely online, claimed that Microsoft […]