Binance Addresses Unusual Currency Movement
The cryptocurrency trading platform Binance has made adjustments to its trading operations to address an unusual movement in currency values. Despite reports suggesting that the […]
Business
Again, CBN Hikes Import Duty Rate To N1,493.23/$1
Less than a day after reducing the rate, the Central Bank of Nigeria (CBN) increased the exchange rate used for calculating Customs duties at the […]
Nigerian Customs intercept 15 trucks of food items in Sokoto
The Nigeria Customs Service (NCS) in Sokoto State has seized 15 trucks transporting food items in an effort to combat smuggling, which has exacerbated the […]
Nigeria’s foreign reserves drop to record low of $24bn in 2024 – IMF
The International Monetary Fund (IMF) has revealed that Nigeria’s foreign reserves plummeted to a historic low of $24 billion in 2024, down from $33 billion […]
Naira appreciates against US dollars at forex market Friday
The Naira experienced a modest appreciation against the US dollar and other currencies in the foreign exchange market as the trading day concluded on Friday. […]
Senate drills CBN Governor Cardoso, other officials
The Senate Committee on Banking, Insurance, and Financial Institutions is conducting a session with Olayemi Cardoso, the Governor of the Central Bank of Nigeria, as […]
CBN sells record N1tn in Wednesday’s Treasury bills auction
This includes an allocation of N600 billion for the 364-day bills and N200 billion each for the 182-day and 91-day bills. The allocation of N600 […]
Consumers Network flays incessant national grid collapse
Kunle Olubiyo, the president of the Nigerian Consumer Protection Network (NCPN), has criticized the frequent collapses of the national grid and called for urgent intervention. […]
Namibia’s Central Bank Governor talks maintaining Economic Stability
Ahead of Namibia’s new energy sector developments, Johannes Gawaxab, Governor of the Bank of Namibia, outlined efforts to establish an effective fiscal regime in an […]
Countries must act fast to phase out fossil fuels – UN
António Guterres, the Secretary-General of the United Nations, has emphasized the global imperative for countries to take decisive action in gradually eliminating the use of […]