Red Sunday: Crypto market drops $70bn as Bitcoin, Ethereum, Litcoin tumble heavily

  The prevailing market volatility at the crypto market led to heavy losses of global investors’…

CBN acknowledges Osinbajo’s counsel on cryptocurrency ban

The Central Bank of Nigeria (CBN) has acknowledged the counsel of Vice President Yemi Osinbajo, which…

Naira depreciates to 410/$ at official market — Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the naira has…

‘SEC, CBN should provide regulation’ — Osinbajo backs cryptocurrency

Vice President Yemi Osinbajo says there is a need for the Central Bank of Nigeria (CBN)…

Zainab Ahmed: Unifying exchange rate won’t happen overnight

Zainab Ahmed, minister of finance, budget and national planning, says unifying the exchange rate will not…

IMF backs CBN’s ban on cryptocurrency operations

The International Monetary Fund has said that the clampdown on cryptocurrency operations by the Central Bank…

Naira exchange rate quietly adjusts to N410/$1

The exchange rate between the naira and the dollar has been adjusted at the Investors and…

Bitcoin trades at $50,000 for the first time in history

The price of Bitcoin has hit $50,000 for the first time in history. The cryptocurrency has…

Digital rights lawyers sue CBN, SEC over crypto currency ban

Citing contradictions, a civil society organisation, the Digital Rights Lawyers Initiative, has sued the Central Bank…

Bitcoin hits record high after Tesla investment

Bitcoin hit a record-high near $45,000 on Monday after Elon Musk’s electric carmaker Tesla invested $1.5…

Anger as CBN imposes ban on cryptocurrencies

Nigerians have lambasted the Central Bank of Nigeria for allegedly banning financial institutions from processing cryptocurrencies.…

Debt recovery: AMCON to float new carrier with Arik, Aero planes – Report

  The Asset Management Corporation of Nigeria has reached an advanced stage towards launching a multibillion…

US-based Nigerian billionaire to invest N3bn in Fidelity Bank

Dr. Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing effort to invest N3 billion ($6.8…

BUA Cement completes record N115bn corporate bond issue

BUA Cement Plc, one of Africa’s largest cement companies, has successfully concluded its N115 billion Series…

CBN directs banks to close naira accounts of money transfer operators

The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to close all naira…

CBN directs switches to stop processing local currency transfers into dom accounts

The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local…

Court declares stamp duty charges on bank deposits, transfers illegal

The Federal  High Court sittimg in in Asaba has declared the deduction of stamp duty charges…

Aftica Fintech Foundry, Access Bank host virtual roundtable

Africa’s leading digital innovation hub, Africa Fintech Foundry (AFF), is set to host the first virtual…

Shareholders approve GTBank’s planned HoldCo structure

  The shareholders of GTBank Plc have approved the holding company structure for the bank, as…

Forex liquidity presents risks to Nigerian banks’ ratings – Fitch

Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The…

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