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Senate Approves N216b Budget For FIRS
Business

Senate Summons CBN, SEC Over Ban On Cryptocurrencies

The Senate has summoned the Governor of Central Bank, Godwin Emefiele, and Securities Exchange Commission for an explanation for the recent ban on Cryptocurrency operations

CBN To Freeze Account Of 194 BDC Operators
News Business

CBN Clarifies Ban On Cryptocurrencies, Cites Volatility, Stability Of Bitcoin

The Central Bank of Nigeria (CBN) has clarified controversies trailing its latest directive to Deposit Money Banks (DMBs) to desist from transacting in cryptocurrencies. The

Okonjo-Iweala Resumes Work As WTO Director-General
News Business

WTO: US Finally Support Okonjo Iweala As DG

The United States has announced it’s support for Nigeria’s candidate for the top job at the World Trade Organisation, Ngozi Okonjo-Iweala. The US, under the

IMF Backs CBN On Cryptocurrency Ban
News Business

CBN Move Against Cryptocurrencies, Direct Banks To Close Account Of Bitcoin Traders Immediately

The Central Bank of Nigeria (CBN) has directed commercial banks and all non-banking financial institutions to desist from dealing in cryptocurrencies and other related transactions.

Okonjo-Iweala Pledges WTO's Support For Nigeria
Business News

WTO: Okonjo Iweala Edges Closer To Top Job As Main Opponent Withdraws

Nigeria’s candidate for the position of Director-General at the World Trade Organization (WTO) is a step closer to clinching the top position as her main

Jeff Bezos To Step Down As Amazon CEO
Business News

Jeff Bezos To Step Down As Amazon CEO

Amazon.com Inc has announced that longtime CEO Jeff Bezos will step down from his post later this year, transitioning to executive chairman of the world’s

IMF To Support Nigeria, Other Low-Income Countries On Poverty Reduction
Business

IMF Projects Increased Capital Spending For Nigeria Amid Heavy Debt Burden

The International Monetary Fund (IMF) has projected that Nigeria’s capital spending would improve this year despite the country’s challenge with a mammoth debt-servicing burden. IMF,

Buhari Tasks Media Practitioners To Be Sensitive To Nigeria's Situation
Business News

Buhari Tasks FIRS To Automate Tax Collection Process

President Muhammadu Buhari has charged the Federal Inland Revenue Service (FIRS) to deploy technology for the automation of tax remittance processes in line with international

FG To Upgrade Calabar Free Trade Zone With N1.4b
Business

FG To Upgrade Calabar Free Trading Zone With N1.4b

The Federal Executive Council has approved N1.4 billion for the upgrade of electricity facilities at the Calabar Free Trade Zone Area in Cross River State.

Nigeria's Inflation Rate Skyrockets, Hits Highest Level In Three Years
Business

Nigeria’s Inflation Rate Skyrockets, Hits Highest Level In Three Years

The inflation rate in Nigeria has skyrocketed to its highest level in more than three years according to the latest data released by the National