Binance Holdings Ltd has refuted claims of engaging in discussions with the Nigerian government regarding potential fines of up to $10 billion. Contradicting an earlier statement...
MTN Nigeria Plc faced a significant financial setback in 2023, reporting a substantial loss before tax amounting to N177.8 billion. This marked a stark contrast from...
In a bold move to safeguard its local currency’s value, the Nigerian government has demanded a staggering $10 billion in retribution from Binance, citing substantial profits...
The Nigerian naira witnessed a positive shift, reaching N1,595.11 per dollar in the official Nigerian Foreign Exchange Market (NAFEM) on Wednesday. This represents a significant appreciation...
Nigerian banks are struggling with the Central Bank of Nigeria’s (CBN) directive to link National Identity Numbers (NIN) and Bank Verification Numbers (BVN) to accounts. As...
In a recent statement, Minister of Information and National Orientation, Mohammed Idris, revealed that Nigeria’s petrol imports have plummeted by 990 million litres per month, marking...
Nestlé Nigeria, a longstanding player in the country’s consumer goods sector, has encountered severe financial distress as the Nigerian naira’s dramatic depreciation significantly impacted its operations....
The Nigerian Naira has extended its winning streak in the parallel section of the foreign exchange (FX) market, trading at an impressive N1,500 against the US...
In a notable shift, the Nigerian Naira witnessed a marginal depreciation against the US dollar on Tuesday, ending a trend of appreciation observed since last...
On Monday, President Bola Tinubu directed the full implementation of the Oronsaye Report, aiming to streamline the Federal Government’s structure. This decision, though anticipated, has ignited...