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FinanceNews
Diaspora Remittances to Nigeria Drop by 6.28% in Q1 2024
In the first quarter of 2024, Nigeria recorded $282.61 million in direct foreign exchange (FX) remittances, marking a 6.28% decrease from the $301.57...
FinanceNews
CBN Approves 14 New IMTOs in Bid to Double Forex Remittances
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs) as part of a strategy...
FinanceNews
Binance’ Bribery Allegations is to Blackmail and Divert Attention – Reps
The House of Representatives has accused cryptocurrency company Binance of blackmail amidst bribery allegations brought against committee members by the company. Chairman of...
BusinessNews
Insecurity Shut 60% of North-East Manufacturers Down – MAN
The Manufacturers Association of Nigeria (MAN) has sounded the alarm on the devastating impact of insecurity on businesses, revealing that 60% of its...
BusinessNews
Nigeria’s Oil Output Increases by 4% in April – OPEC Report
Amidst global market fluctuations and internal challenges, Nigeria’s oil production grew, according to the latest reports from the Organisation of Petroleum Exporting Countries...
FinanceNews
Melinda Gates Quits Gates Foundation, Gets $12.5bn To Pursue Own Charity
Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, is quitting the charity organisation she co-founded with her ex-husband to establish...
BusinessNews
CBN Raises Import Duty as Naira Hits New Low Against The Dollar
The Nigerian Naira (NGN) further depreciated against the US Dollar on Monday, reaching a new low of 1,515 Naira to a dollar in...
FinanceNews
Inflation Expected to Rise Further, Cardoso Pledges MPC Will Tackle That
Governor Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has reiterated that the Monetary Policy Committee (MPC) will address Nigeria’s persistent inflationary pressures....
NewsTechnology
South Australia Proposes Social Media Ban for Under-14s
The Premier of South Australia, Peter Malinauskas, has proposed a ban on social media for children under 14. This development reportedly aims to...
BusinessNews
U.S. Judge Dismisses Elon Musk’s X Corp Lawsuit Against Israeli Data-Scraping Firm
Elon Musk’s X Corp, formerly known as Twitter, faced a setback as a U.S. District Judge in San Francisco dismissed its lawsuit against...
FinanceNews
My Priority is Recovering Misappropriated N10bn Airport Funds, not Jailing anyone- Otti
Amidst the ongoing controversy surrounding the alleged misuse of N10 billion allocated for an airport project in Abia State, Governor Alex Otti has...
BusinessNews
Canada Fines Binance Over $4 Million for Breaching Money Laundering Laws
Canada’s anti-money laundering agency, FINTRAC, has levied a hefty fine of nearly C$6 million ($4.38 million) against cryptocurrency exchange Binance. The penalty stems...