…Nigeria second on top 20 global crypto adoption list Crypto adoption in Nigeria has continued to gain traction despite crackdowns by regulatory authorities. Africa’s most populous nation retained its number two spot on the 2024 Global Crypto Adoption Index Top 20, according to Chainalysis, a global blockchain platform. This ranking, […]

The naira, on Tuesday, recorded a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market following a strong demand for the greenback by the end users. On February 23, 2024, the naira/dollar exchange peaked at N1,665.50/$ on dollar shortages. The turnover on that day was $151.93 […]

The Central Bank of Nigeria (CBN) has issued a strong warning to commercial banks, payment system service providers, and other financial institutions regarding delays in responding to customer complaints. According to a new directive, banks will face a fine of N100,000 per day if they fail to address customer complaints […]

Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt. Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Tuesday, said unresolved pricing issues are among the major reasons why its […]

Travel agents operating in Nigeria say Emirates’ ticket bookings have slowed on the back of the airline’s dollar charges and stringent visa rules by the United Arab Emirates (UAE). Emirates recently announced its resumption on October 1 after two years of suspending its services in Nigeria. All fare inventories on […]

As part of efforts to diversify the economy the federal government is set to launch a comprehensive strategy to position the country as a leading player in the Halal global market. Towards this, it will on Wednesday launch the project to tap into the burgeoning Halal market- products and services that meet […]

Fuel subsidy removal poses risk to external reserve growth – CBN The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025. CBN disclosed this in its Monetary, […]

The leadership of the National Association of Nigerian Students Joint Campus Council, Ondo, has raised concerns about the issues affecting students in Ondo State tertiary institutions. NANS has said that students are suffering due to recent hikes in food and fuel prices. The students have called on both the state […]

Nigeria’s inflation slowed for the second month to 32.15 percent  a sign that the surging inflation that has gripped the Nigerians economy is finally subsiding.   According to the National Bureau of Statistics (NBS), Consumer’s Price Index declined  to 32.15 percent in August 2024,  from 33.40  percent in July 2024. […]