Cryptocurrency exchange, Binance, has announced intentions to cease all operations associated with the Nigerian naira. Binance, a platform for exchanging cryptocurrencies, faced accusations of exploiting...

The Central Bank of Nigeria (CBN) has taken a decisive step by revoking the licenses of 4,173 Bureaux De Change Operators, citing their failure to adhere to regulatory provisions. The announcement came...

In a bid to tackle the hurdles hindering the effective development of divested assets in Nigeria’s oil and gas industry, the Nigerian National Petroleum Company Limited (NNPC Ltd) has advocated...

The Nigerian National Petroleum Company Limited (NNPC Ltd) and the Organization of the Oil Exporting Countries (OPEC) have vowed to collaborate closely in achieving Nigeria’s goals of attracting...

The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has implemented a significant adjustment, raising the Monetary Policy Rate (MPR) by 400 basis points to 22.75% from its previous rate...

In a compelling address at the Ministry of Finance Incorporated (MOFI) Public Wealth Management Conference in Abuja, Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum...

The Lagos State government has reiterated its intention to relocate the Computer Village from Ikeja to the ICT Park in Katangowa, within the Agbado/Oke-Odo Local Council Development Area. Speaking with...

Access Holdings Plc has named Bolaji Agbede as the Acting Group Chief Executive Officer in the wake of Herbert Wigwe’s tragic demise. Wigwe, the former Group Chief Executive Officer, lost his life...

TotalEnergies, a prominent French oil corporation, has revealed intentions to offload its minority share in a significant Nigerian oil consortium. The company articulated its desire to divest from the...

President Bola Tinubu has instructed the Ministry of Agriculture and Food Security to release approximately 42,000 metric tons of maize, millet, and other commodities from strategic reserves to alleviate...

MultiChoice Group, a major Pan-African television broadcaster, has settled a tax dispute with Nigerian authorities. MultiChoice subsidiaries MultiChoice Nigeria and MultiChoice Africa Holdings will pay...

Following President Bola Ahmed Tinubu’s directive to the Nigerian National Petroleum Company Limited (NNPC Ltd) to enhance production from the nation’s oil and gas resources, the Company proudly announces...

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to liquidate their surplus dollar reserves by February 1, 2024, in an effort to stabilize the country’s volatile exchange...

The Central Bank of Nigeria (CBN) has allocated US$500 million across different sectors to address outstanding verified foreign exchange transactions, following a recent payment of approximately $2.0 billion...

In a move to expedite the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco. The talks, held on January...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Mele Kyari, has advocated for increased collaboration between academia and the Oil & Gas Industry...

Shell has announced a landmark agreement to divest its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium consisting of four indigenous...

The latest figures from the National Bureau of Statistics show Nigeria’s inflation rate now stands at 28.9%. The NBS Consumer Price Index released on Monday reveals the inflation rate rose 0.72 percentage...

Shortly after the dissolution of the Boards and Management of Union Bank, Keystone Bank, and Polaris Bank, the Central Bank of Nigeria (CBN) took swift action by appointing new executives to oversee the...

The Central Bank of Nigeria (CBN) recently disclosed the disbursement of approximately US $61.64 million to foreign airlines through various banking channels, as revealed by Mrs. Hakama Sidi Ali, the Acting...