Business

The Central Bank of Nigeria (CBN) has banned banks and financial technology companies otherwise known as Fintechs, from operating International Money Transfer services (IMTOs). The ban, communicated in a recent...

Naira on Thursday fell to a record low of N1,410 per dollar following strong demand on the parallel market, also known as the black market.This represents 3.29% or N45.00 weaker...

The union said it was saddening that the NPA had abdicated its sole responsibility. Maritime Workers have threatened to shut the country’s ports from Tuesday, January 9, 2023. The workers...

Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through official channels. The new stablecoin cNGN is being...

The Central Bank of Nigeria (CBN) has lifted the ban placed on cryptocurrency transactions in Nigeria in a move to regulate its operations.The apex bank had in February 2021 restricted...

A Nigerian man has queried Nigerians on why they're so obsessed with the dollar rate. The X user who shared the tweet said "why are we so obsessed with USD?...

The World Bank has approved a fresh $700m loan for Nigeria.It disclosed this in a statement published on its website on Friday, Sept. 22.The new loan is to provide additional...

The exchange rate between the naira and dollar reportedly quoted for between N980 and N1000 to $1 in Lagos, Port Harcourt, Abuja and Kano on Thursday, September 21.Leadership reports that...

Banks in Nigeria have issued a notice to embark on a two-day nationwide strike. The banks said financial services would be withdrawn on September 5 and 6, 2023.The National Union...

The Spokesperson for the Airline Operators of Nigeria and Chairman of United Nigeria Airlines, Obiora Okonkwo, has said that with the increase in cost of operations, an air ticket from...