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Aradel Holdings announces plans to begin refining petrol

  • 13th August 2026

DMO raises N5.86bn via savings bond in August

  • 13th August 2026

OPay’s transaction value hits $358bn, doubles ahead of

  • 13th August 2026

Geregu Power assures stakeholders amid debt concerns

  • 13th August 2026

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DMO raises N5.86bn via savings bond in August

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UK pounds with King Charles' images to hit public June
News

UK pounds with King Charles’ images to hit public June

Starting from June 5, banknotes adorned with the portrait of King Charles will make their debut in the wallets of Britons. Newly issued notes will showcase the likeness of the King across all four denominations – £5, £10, £20, and £50. While banknotes featuring Queen Elizabeth II will remain legal tender, they will coexist alongside […]

Bitcoin holder Micro Strategy loses $440K to hackers
Crypto

Bitcoin surges to $1trn comeback

By Melvin Onwubuke The value of Bitcoin, the world most popular cryptocurrency has more than tripled to $52,000 since November, 2022. There was a high profile implosion of crypto exchange FTX in 2022, which accounted for the liquidity crisis at several crypto firms. According to CNN, following the gains of 2023, investors have returned in […]

FG to recapitalize agric bank, boost food production
News

FG to recapitalize agric bank, boost food production

By Melvin Onwubuke The Vice President, Kashim Shettima has disclosed, the federal government motives to revive the Bank of Agriculture through Capitalization and restructuring. The aim is to strengthen the Agricultural sector and secure national food self sufficiency. According to nairametrics, the vice president, speaking at the first National Council on Privatization meeting in 2024. […]

Cryptocurrency stocks climb as Ether hits six-month high
Crypto

CBN allegedly plans to shutdown crypto websites in Nigeria

The Nigerian government is reportedly taking steps to shut down cryptocurrency websites within the country, potentially aiming to block Nigerians from accessing such platforms to counteract the depreciation of the naira. According to Techpoint Africa, telecommunications companies might receive instructions to prevent people from visiting these cryptocurrency sites. This development follows the suspension of peer-to-peer […]

Nigerian edtech ULesson slashes subscription prices for users
Tech

Nigerian edtech ULesson slashes subscription prices for users

To assist families throughout this “period and beyond,” uLesson, a Nigerian edtech firm, has announced plans to cut educational software subscription prices by 50% “indefinitely.” “These are difficult times for households. @ulessonapp will drop educational software subscription prices by 50% indefinitely to support Nigerian families through this period and beyond. I pray strength and resilience […]

Binance opens crypto trading to Syrians after US lifts sanctions
Crypto featured

Binance restricts USDT/NGN trading

The world’s largest cryptocurrency exchange, Binance has implemented restrictions on peer-to-peer transactions involving the USDT/NGN pair as the naira experienced record lows on Tuesday. The exchange, serving as an escrow for Nigerians trading naira for USDT (a stablecoin pegged against the US dollar), stated that this measure is aimed at protecting users from fraud and […]

FG moves to restrict Binance, other crypto platforms
News

FG moves to restrict Binance, other crypto platforms

Nigerian government is contemplating the restriction of access to Binance and similar cryptocurrency platforms over the decline of the Naira. This consideration stems from concerns over alleged manipulation of the foreign exchange market and unauthorized financial flows, which are believed to be contributing to the naira’s significant devaluation, reaching a record low of N1,800 against […]

Shareholders of International Breweries approve rights issue
News

Shareholders of International Breweries approve rights issue

International Breweries’ proposed rights issue has been authorized by the company’s shareholders. A corporate notification that was submitted to the Nigerian Exchange Limited states that the approval was granted during the company’s most recent Extraordinary General Meeting, which took place in Lagos. The IB Plc board of directors said in January that it was thinking […]

Banks increase lending rates after CBN’s MPR hike
Economy

Naira decline continues in parallel market, N1,700/$1

By Melvin Onwubuke   Nigeria Naira strengthened against the dollar in the official market, as there was a significant rise of 76.61% to $117.32 million in the foreign exchange turnover on Tuesday, February 2024. According to nairametrics however, inspite of this improvement, the Naira experienced a decline in the parallel market, slipping to N1,700/$1 which […]

FG begins construction of 700km Lagos-Calabar highway
News

FG seeks $10bn to stabilize exchange rate amid naira fall

The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu, who was represented by Vice President Kashim Shettima, disclosed this at the inaugural Public Wealth Management Conference in […]

Senate approves Yuguda, Cardoso, others as MPC members
News

Senate to probe Buhari regime, Emefiele over N30trn loan

By Melvin Onwubuke   The senate has launched an inquiry to how N30 trillion ways and means loans was obtained and utilized by the administration of former president, Mohammadu Buhari on Tuesday 20, 2024. According to The Punch, ways and means is a loan facility through which the CBN finances the government’s budget shortfalls. The […]

PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets.
Business

PZ Cussons shareholders to meet over N73bn loss

PZ Cussons Nigeria Plc has convened an extraordinary general meeting of shareholders following a N73.8 billion loss that reduced the value of its net assets. The meeting will discuss the unaudited financial statement for the period ending November 30, 2023, as well as steps to rectify the company’s negative net assets value, according to a […]

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