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Finance
FinanceNews
IMF Advises CBN Against Amending the CBN Act
The International Monetary Fund (IMF) has advised the Nigerian authorities against the proposed amendment of the Act establishing the Central Bank of Nigeria...
FinanceNews
Customs Intercepts 90 Sacks of Cannabis from Ghana in Ogun State
The Nigeria Customs Service (NCS) at the Ogun 1 Command on Thursday confiscated 90 sacks and 1,309 parcels of cannabis sativa, along with...
FinanceNews
House of Rep asks CBN to retract Cybersecurity Levy Implementation
The House of Representatives has called upon the Central Bank of Nigeria (CBN) to retract its recent directive mandating banks to impose a...
FinanceNews
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian currency, Naira, has been trending downward against the US dollar in both official and black market segments. Data from the FMDQ...
FinanceNews
Police Arrest 17 Suspected Forex Hawkers in Wapa
The Nigerian police in Kano have apprehended 17 individuals suspected of operating illegal Bureau de Change (BDC) businesses in the Wapa area. The...
FinanceNews
CBN gives July 7 ultimatum for PoS Operators to Register with CAC
Central Bank of Nigeria issued a letter on April 30, 2024, directing “all non-individuals” on the Agent Banking Authorisation to register with the...
FinanceNews
Nigeria sets dangerous precedent detaining execs and crackdown on Crypto – Binance
The CEO of the cryptocurrency exchange Binance, Richard Teng, accused the Nigerian authorities of setting a dangerous precedent following the invitation of its...
FinanceNews
”Nigerian Officials demanded crypto payments to make the issues “go away” – Binance
Binance Holdings Limited, a cryptocurrency platform, has alleged extortion and harassment by authorities in Nigeria. The company asserts that Nigerian authorities demanded a...
FinanceNews
SEC Plans to Delist Naira from all Crypto P2P Platforms
The Acting Director General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has advocated delisting the Naira from peer-to-peer (P2P) cryptocurrency...
FinanceNews
N10bn allocated for Abia airport was used for roads – Ikpeazu
Dr. Okezie Ikpeazu, the former governor of Abia State, has responded to allegations made by his successor, Dr. Alex Otti, regarding the utilisation...
FinanceNews
CBN Orders Banks to Charge Customers a 0.5% Levy to Fund NSA Cybersecurity Program
The Central Bank of Nigeria (CBN) issued an order directing commercial banks to charge customers a 0.5% deductible levies to help fund the...
FinanceNews
WHISTLER Exposes Ex-Abia Governor’s N10bn Misappropriation for Non-existent Airport Project
New details have emerged regarding the former Abia State Governor, Okezie Ikpeazu, and the alleged misappropriation of N10 billion designated for an airport...