Binance fined $2.25m for money laundering in India
The Financial Intelligence Unit of India has fined Binance, the largest cryptocurrency exchange in the world, 188.2 million rupees ($2.25 million) for…
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Modular refiners, Afreximbank in discussion over $18bn loan
Investors in modular refineries have begun discussions with the African Export-Import Bank to gain access to a portion of the bank’s $18…
FG cracks down on owners of illegally imported private jet
The Federal Government through the Nigerian Customs Service has initiated a new initiative to crack down on owners of private aircraft that…
GTBank drags 60 senior bank executives to court
Guaranty Trust Bank has brought no less than 60 senior executives of 13 commercial banks before the federal high court, Lagos State…
Blackout hits Abia over geometric power plant gas shortage
Most parts of Aba, the commercial hub of Abia State, have been without power for several days due to a lack of…
Nigerian airspace completely covered by radar, says NAMA
The Nigerian Airspace Management Authority affirms that the Nigerian airspace is completely covered by radar. This was disclosed in a statement by…
Inflation rate surges to 33.95% in May 2024 – NBS
Nigeria’s annual inflation rate rose to 33.95 percent in May, marking the fourth consecutive month of increases, as citizens grapple with the…
Court discharges embattled Binance exec Gambaryam
The Federal High Court on Friday freed Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla, a fugitive, from the Federal Inland Revenue…
NNPC seeks end of suit challenging ExxonMobil’s $1.28bn asset divestment
The Nigerian National Petroleum Company Limited has moved to end its current legal action against subsidiaries of Mobil Nigeria and the Nigerian…
Dangote Refinery to establish terminal in the Caribbean to ease export
Dangote Refinery intends to establish a terminal in the Caribbean to export petroleum products to nations in the North American continent This…
Equity market loses N92bn as stocks tumbles
The Nigerian equity market suffered a loss of N92.32 billion on Tuesday, driven by dips in the stocks of the National Salt…
Companies’ tax payments to FG decline 12% in Q1
Tax payments from Nigerians and international companies fell by 12% in the first quarter of this year, according to the most recent…