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CBN introduces N5 rebate on every $1 sent to Nigeria
The Central Bank of Nigeria (CBN) will charge N5 for every $1 remitted to Nigeria through International Money Transfer Organisations in its new forex...
Business
Nigeria’s level of borrowing not high and unreasonable – Finance Minister asserts
Nigerian Minister of Finance, Zainab Ahmed, said the country's borrowing under the Buhari's-led administration is not unreasonable and it's also not too high.
Ahmed made...
Business
Cryptocurrency ban: We’re responsible for the protection of Nigerians – Emefiele
Mr. Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, told the Senate that the ban placed on cryptocurrency transactions was an effort...
Business
Cryptocurrency ban in Nigeria: CBN, SEC to create level field for investments
Central Bank of Nigeria, CBN, and the Security and Exchange Commission, SEC have decided to work together, conduct research, and find ways to regulate...
Business
Bitcoin rises above $50,000 for the first time in 11-Years
Bitcoin rose above $50,000 for the first time on Tuesday. At the same time, European equities eased after soaring the previous day on reduced...
Business
Petrol price will continue to increase – Retailers says, reveals reason
Petrol retailers under the aegis of Petroleum Product Outlet Owners Association (PETROAN) say the pump price of petrol will continue to increase except if...
Business
Nigeria banking sector lost N5bn to fraud in nine months -NIBSS reveal
More than N5 billion has been lost to fraud between January and September 2020, Nigeria Inter-Bank Settlement System Plc reveals.
The System made this revelation...
Business
Ngozi Okonjo-Iweala makes history, WTO finally confirm her as New DG
Former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has been finally confirmed as the Director-General of the World Trade Organization.
Her confirmation happened at the General...
Business
Dangote’s Refinery has the potential of saving Nigeria from economic downturn -IMF
The biggest financial body, International Monetary Fund, IMF, has projected that Dangote's refinery can salvage Nigeria from an economic downturn when it begins operations...
Business
FG plans to launch Vehicle Finance Scheme for Nigerians to own new cars on credit
The Federal Government has announced that it would be launching a Vehicle Finance Scheme that would help Nigerians own cars.
This move is one of...
Business
Petrol price to be sold at N190 as oil nears $60 globally -Marketers
Following the current global realities of crude oil, marketers said the price of Premium Motor Spirit (PMS), popularly known as Petrol in Nigeria, might...
Business
The use of cryptocurrency is not a criminal act despite ban by CBN – Fmr. CBN Deputy-Governor, Moghalu
Kingsley Moghalu, a former Deputy-Governor of the Central Bank of Nigeria, argues that the ban placed on cryptocurrency by the apex bank does not...
Business
Cows are better assets than cryptocurrency -Adamu Garba
Former Nigeria presidential aspirant Adamu Garba says investing in cows is a better and more economic impact than any cryptocurrency investment.
Garba said this in...
Business
Okonjo-Iweala reacts as Yoo Mhung-Hee steps down, Biden endorses her for WTO job
Nigeria's Former Minister of Finance, Ngozi Okonjo-Iweala, has thanked President Muhammadu Buhari and Nigerians for their unflinching support, during her run to become the...
Business
Nigeria’s foreign capital inflow down to $9.68bn, lowest recorded in four years
The National Bureau of Statics has revealed that Nigeria's Foreign capital flow has plunged by more than half in 2020 to $9.68 billion, the...