Business

World’s largest cryptocurrency trade platform, Binance, has raised the alarm over prolonged detention of its officials, Tigran Gambaryan, a U.S. citizen and British-Kenyan Nadeem Anjarwalla, by the Federal Government Nigerian…

The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. In a statement on Wednesday, the apex…

The federal government has asked Binance for information on its top 100 users in the country, as well as all transaction history for the past six months, the Financial Times is reporting. The request, according to the report on Tuesday, …

Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. MDB earlier reported that the company issued a new price review notification to all its customers in the…

Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market…

Binance plans to discontinue its Nigerian Naira (NGN) services following increased scrutiny from the country’s regulators. The crypto exchange will delist any existing NGN pairs by Thursday, and on Friday any remaining NGN balances…

The Nigerian government is embroiled in a tense standoff with cryptocurrency exchange platform Binance, demanding a hefty $10 billion as retribution for alleged "illegal transactions" facilitated through the platform. This move comes…

A new report released by the Nigerian Bureau of Statistics (NBS) on Thursday highlights a significant rise in cooking gas prices. Key Points: Year-on-Year Increase: The report, titled "Liquefied Petroleum Gas (Cooking Gas) Price…

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery and modular refineries in the country may not get enough crude…

The Nigerian National Petroleum Company Limited (NNPCL) has assured Nigerians that the country’s energy scarcity will be over in the next 10 years. The NNPCL Group Chief Executive Officer, Mele Kyari, disclosed this Tuesday at the…

The Central Bank of Nigeria (CBN) has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN…

Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers of taking advantage of the Nigerian currency fall against the dollar to hike cement prices. On Monday, naira plummeted further against the…

The Central Bank of Nigeria (CBN) has stopped international oil companies from repatriating 100% foreign exchange proceeds to their mother companies overseas at once. The apex bank said international oil companies can repatriate 50%…

Central Bank of Nigeria (CBN) Governor Yemi Cardoso, in an interview on AriseTV on Monday, revealed startling findings from a forensic audit of foreign exchange obligations, uncovering discrepancies amounting to $2.4 billion. He stated…

The Central Bank of Nigeria (CBN) has moved swiftly to quell rumors circulating online about plans to convert $30 billion in domiciliary deposits to naira. In a concise statement posted across its social media channels on Saturday, the…