Central-Bank-of-Nigeria-CBN

CBN Clears $7 Billion Foreign Exchange Backlog

The Central Bank of Nigeria (CBN) has cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor of the apex bank. This development... Read more »
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Excitement by the staff as Adaora Umeoji emerges the first female MD of Zenith Bank

Excitement by the staff as Adaora Umeoji emerges the first female MD of Zenith Bank Plc. Read more »
Textile

Textile import, seven others gulp N1.4tn after CBN ban reversal

Nigerians spent N1.39trn on the importation of seven out of the 43 items earlier restricted by the Central Bank of Nigeria from accessing foreign exchange on its official platform in the fourth... Read more »
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Transnational Corporation Plc Announces Transcorp Power

Transnational Corporation (Transcorp) Plc on Monday announced the listing of its subsidiary, Transcorp Power Plc via listing by introduction on the Main Board of the Nigerian Exchange (NGX). The Group, in a... Read more »
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March 2024 Price-list of Tokunbo Cars in Lagos

TOKUNBO / FOREIGN USED CARS BELOW: 2012 Toyota Camry LE + Alloy wheels @ 9.2m (Gold ) 2010 Venza Limited + Pano roof @ 15.5m 2011 Camry Sport + Thumbstart @ 10m... Read more »
SACHET DRINKS

Ibadan liquor sellers protest ban of sachet alcoholic drinks

Scores of liquor sellers, on Thursday in Ibadan, staged a peaceful protest against the prohibition of production and sales of sachet alcoholic beverages in the country by the National Agency for Food... Read more »
Naira

Naira Continues Appreciation Streak, Gains And Closes At ₦‎1,500/$

Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$... Read more »
Binance

Nigeria detains Binance executives in cryptocurrency

Two senior executives at Binance have been detained in Nigeria as Africa’s most populous country tries to rein in speculation on the naira by cracking down on cryptocurrency exchanges. The executives flew... Read more »
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Binance Drops Naira From P2P Portal

Amid President Bola Tinubu’s government’s clampdown on cryptocurrency to save the battered naira, the world’s biggest cryptocurrency trading platform, Binance, has disabled its peer-to-peer function for Nigerian users. Peer-to-peer function, popularly known as... Read more »
Cardoso

About $26 billion passed through Binance Nigeria – Cardoso

Nigeria’s Central Bank Governor, Olayemi Cardoso has stated that about $26 billion has passed through Binance Nigeria. He took this question in response to the activities of cryptocurrency platforms like Binance. Read more »