The Central Bank of Nigeria (CBN) has finally disclosed Nigeria’s Net Foreign Exchange Reserves (NFER), following repeated calls by experts. According to the CBN, the […]
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Category: Business
Tether’s Bitcoin holdings top $8.29 billion after latest $735 million BTC purchase in Q1 2025
Tether, the leading issuer of the USDT stablecoin, has deepened its Bitcoin investment strategy by acquiring an additional 8,888 BTC on the final day of […]
Nigerians got N470 billion personal loans from banks in three months – CBN
The Central Bank of Nigeria (CBN) has revealed that Nigerians secured personal loans amounting to N470 billion from banks within the last three months of […]
Ponzi schemes promoters in Nigeria now face 10 years jail term—SEC DG
SEC DG, Emomotimi Agama The Director-General of the Securities and Exchange Commission, Mr. Emomotimi Agama, has said that the new Investment and Securities Act (ISA […]
Truck ban will reduce fuel supply to North – NARTO expresses concerns
The Nigerian Association of Road Transport Owners NARTO has expressed concern over the potential impact of the Federal Government’s impending ban on large tankers carrying […]
State of the Nation: Peter Obi wouldn’t have done anything differently – Businessman, Cosmas Maduka
Business magnate, Cosmas Maduka, is of the opinion that the Labour party presidential candidate, Peter Obi, would not have done anything different from what the […]
Oil money key to Nigeria’s economic diversification and development – Elumelu
The Chairman of Heirs Holdings, Mr Tony Elumelu, has emphasised the need for increased oil production to fund Nigeria’s economic diversification and development. Speaking on […]
Dormant accounts in Nigerian banks hit N19.69m amid CBN’s policies
According to the dormant account database released by the Nigeria Inter-Bank Settlement System, the number of dormant accounts in the Nigerian banking sector rose to […]
CBN retains interest rate at 27.5%
The Central Bank of Nigeria, CBN, has retained the Monetary Policy Rate, MPR, as its benchmark interest rate at 27.5%. Governor of CBN, Olayemi […]
NNPC denies claim in viral video that petrol from its outlets is substandard, threatens legal action
The Nigerian National Petroleum Company Limited (NNPCL) has denied the claim in a viral video on social media that Premium Motor Spirit (PMS) from its […]