Nigeria’s interest rate increment will worsen the economy – Peter Obi
Peter Obi, the presidential candidate of the Labour Party in the last general election, has criticized the recent increase of the Monetary Policy Rate (MPR) to 22.5% and the Cash…
Amid scathing backlash, Binance disables naira feature on P2P feature for Nigerians
Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users. Known as the P2P…
Naira records first gain at official market after rate hike
Naira has recorded a marginal appreciation of 0.39 percent at the official foreign exchange (FX) market, the first gain after the Central Bank of Nigeria (CBN) jerked its benchmark interest…
Over $26 billion passed through Binance Nigeria from unknown sources- Cardoso
Binance Nigeria has facilitated transactions exceeding $26 billion from unidentified sources in one year. The digital assets platform, serves as a window for peer to peer transactions allowing users to…
Eight years after, FG poised to complete $700m OB3 gas pipeline project in March
The Federal Government has announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024 eight years after the project commenced. The Minister of State…
Uncertainty over SIM-NIN linkage as deadline nears
The fate of many telecommunication subscribers hangs in the balance following a court ruling restraining telecom providers from implementing a directive by the Nigerian Communications Commission (NCC) that mandated them…
Top 5 products Nigeria imported from the UK in 2023
The trade partnership between Nigeria and the UK is a testament to the enduring ties and shared interests between the two nations. Both nations are currently building on their relationship…
The dark side of the Aba power project
Residents of Eastern Nigeria’s industrial hub of Aba are still jubilating over the 24-hour power supply that Geometric Power will now bring to them after years in which mindless politics…
Exchange rate means nothing, what matters to Nigeria is stability – Afreximbank chair, Oramah
The President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Benedict Oramah says exchange rates don’t hold much significance; what truly matters to the markets…
Investments in telecom industry declines by $322m 2023, says NBS
Investments in Nigeria’s telecommunications sector in 2023 declined by a whopping $322m to $134m from $456.8m in the corresponding year, fresh Nigerian Capital Importation 2023 data recently released by the…