Visa van: Air peace suspends Dubai flights
Air Peace has announced the suspension of its flights to Dubai, United Arab Emirates, over the non-issuance of visas to Nigerians. This development comes two weeks after the UAE carrier,…
Black market: Naira falls by 17.6% in four days
The Nigerian naira's value has decreased against the US dollar, closing at N780/$1 just dollat According to information provided to Nairametrics by black market dealers, naira fell by 17.6% today…
Binance to establish industry recovery fund
Cryptocurrency exchange currency, Binance has announced its intention to establish an industry recovery fund in the wake of the FTX crisis. According to Nairametrics, recent tweets from CEO of Binance,…
Commodity cost: Nigerians lament despite naira gains
Despite the naira's gains over the past week, Nigerians have expressed dissatisfaction with the country's high cost of goods and services. It would be recalled that the naira, after reaching…
Naira redesign: We’ll protect unbanked, rural dwellers – CBN
The Central Bank of Nigeria has restated its commitment to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas.f The apex bank made…
Adopt Naira transactions, oil marketers urge NIMASA, NPA
The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency and the Nigerian Ports Authority to obey Federal Government’s directive on Naira transactions for ports…
NIN: MTN, Airtel bar 9.7 million subscribers
The Mobile Telephone Network and Airtel have reportedly barred 9.7 million of their subscribers from making outgoing calls over their inability to link their National Identification Numbers to their Subscriber…
Full list: Five laws guiding Nigeria’s banking activities
Recent research has shown the laws that guides, checks and balances the banking industry and their activities. The banking industry garnered approximately $15.7 billion in foreign investments over the course…
Recession: Experts advocate effective fiscal-monetary policy
Some economists in the North-East have urged the Federal Government to formulate effective fiscal and monetary policies to prevent Nigeria from sliding into recession. The experts including academics and financial…
Global food imports to hit $2trn- FAO
The United Nations Food and Agriculture Organisation says food import costs globally are projected to reach nearly two trillion dollars this year, or higher than previously expected. FAO, in a…
Stock market closes week positive, indices up 0.06%
The domestic bourse ended the week on a positive note, as market capitalisation gained N14 billion or 0.06 per cent to close at N23.948 trillion from N23.934 trillion recorded the…
Binance halts FTX acquisition deal
Binance has announced that it would not proceed with the plan of acquiring FTX. Recall that most cryptocurrencies experienced a decrease in the immediate aftermath. However, neither Sam Bankman-Fried nor…
