Air Peace funds still trapped in CBN – Onyema
The Chief Executive Officer of Air Peace Airlines, Allen Onyema, revealed that the airline’s funds are still held in the Central Bank…
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Lagos tops list of states with most external debt
The Debt Management Office recently revealed that the total external debt stock of the 36 states and the Federal Capital Territory reached…
Nigeria to manufacture vehicles locally – Minister
There are plans to make Nigeria a major player in the automotive manufacturing industry, according to the Minister of Industry, Trade and…
CBN raises commercial banks capital base to N500bn
Nigeria’s Central Bank has raised the capital base of commercial banks with international authorisations to 500 billion Naira and of national banks…
Disgraced crypto tycoon Bankman-Fried jailed 25 years
Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest…
NNPCL denies reducing fuel pump prices
The Nigerian National Petroleum Company Limited has debunked claims that it has reduced the pump prices of petrol and diesel. In a…
Access Holdco’s Hydrogen reports N161mn profit in 2023
The fintech subsidiary of Access Corporation, the parent company of Nigeria’s largest bank by assets, Hydrogen, reported profits of ₦161 million at…
Interest rate hike won’t be for too long, says Cardoso
The CBN governor Olayemi Cardoso, affirmed that the current spate of monetary policy tightening measures by the CBN would not be long…
CBN increases interest rate to 24.75%
The Central Bank of Nigeria has increased the monetary policy rate by 200 basis points, to a new unprecedented 24.75% at the…
Four states lost N12bn to ginger disease – FG
The Federal Government on Monday confirmed the outbreak of ginger blight disease in four Nigerian States, which had cost farmers over N12…
Detained Binance executive escapes from custody – Report
One of the Binance executives, Nadeem Anjarwalla detained in Nigeria over alleged tax evasion and other offenses, has reportedly escaped from lawful…
Two Binance execs remanded in prison after court appearance
Two Binance executives, representing the world’s largest cryptocurrency exchange, will remain in custody for at least another two weeks in Nigeria. Despite…