Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison by a Seattle court for violating United States anti-money laundering and […]
Category: Economy
Economy
Naira Ends April on Strong Note, Gains N28.15 Against Dollar
The Nigerian naira closed out the month of April on a positive note, gaining N28.15 at the official market to trade at N1,390.96 against the […]
INTERPOL Vows to Extradite Fleeing Binance Regional Manager for Africa
The International Criminal Police Organisation (INTERPOL) has declared its commitment to extradite Nadeem Anjarwalla, the fleeing Binance Regional Manager for Africa, to Nigeria to face […]
Fuel Scarcity Grips Nigeria: Commuters Stranded, Black Market Flourishes
Fuel scarcity has left commuters stranded nationwide, with many facing challenges getting to their destinations. The Nigerian National Petroleum Company Limited (NNPC Ltd) and oil […]
Nigerian Electricity Regulatory Commission Increases Meter Prices Amid Economic Challenges
The Nigerian Electricity Regulatory Commission (NERC) has announced an increase in the prices of single-phase and three-phase meters, citing significant changes in foreign exchange rates […]
CBN’s Ban on Fintechs Sparks Concern Among Bank Customers, Raises Questions on Financial Security
The Central Bank of Nigeria (CBN) has banned mobile money operators, including fintech firms, from onboarding new customers, causing panic among some bank customers. The […]
Naira Gains Ground Against Dollar, Appreciates to N1,275/$1
The Nigerian naira has shown signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This new rate […]
SERAP Sues NNPC Over Alleged Missing $2.04 Billion and N164 Billion Oil Revenues
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for […]
Ned Nwoko Urges FG, CBN to Address Root Causes of Naira Depreciation
Senator Ned Nwoko of Delta North has cautioned the Federal Government and the Central Bank of Nigeria (CBN) against artificially inflating the Naira’s value. He […]
Armerican School Request Refund Details from EFCC for Yahaya Bello’s Children’s School Fees
The American International School of Abuja (AISA) has formally requested the Economic and Financial Crimes Commission (EFCC) to provide “authentic banking details” for the refund […]