finance

Nigeria has reportedly lost N24.72bn ($60.14m) in the last 10 days due to suspension of Twitter operations in Nigeria which took effect on June 5. Recall that Federal government on June 5 placed an indefinite suspension of the operations…

Tanzanian President, Samia Suluhu Hassan has urged the country’s central bank to be prepared for the use of digital currencies. President Samia told the Bank of Tanzania on Sunday to be vigilant amid a rising interest and adoption of…

El Salvador led by President Nayib Bukele has on Wednesday become the first country in the world to formally adopt cryptocurrency - Bitcoin - as a legal tender. Lawmakers in the Central American country's Congress today voted by a…

Former US President, Donald Trump has expressed that he sees Bitcoin as a “scam” affecting the value of United States dollar. Trump made this known on Monday while he was being interviewed by Fox Business News, saying; Bitcoin, it just…

Lagos State Government has announced that it had an Internally Generated Revenue (IGR) of N127 billion in the first quarter of 2021. The government added that the amount was an increase from the N658bn it generated as of December 2020.…

Binance, one of the world's largest cryptocurrency exchanges, is under investigation by United States Department of Justice and Internal Revenue Service, it has emerged. According to Bloomberg on Thursday, the officials who probe money…

Ibukun Awosika, former chairman of First Bank Nigeria Limited, has said decision to end the tenure of Adesola Adeduntan as the bank’s managing director was taken in the financial institution’s best interest. On Wednesday, First Bank…

Central Bank of Nigeria (CBN) has reinstated Sola Adeduntan as the managing director and chief executive officer of First Bank of Nigeria Limited. Godwin Emefiele, governor of the CBN, made this announcement in a press briefing on…

United Capital Plc (“United Capital” or “The Group”), Nigeria’s leading investment bank, a foremost Pan-African financial and investment services group, has on Wednesday announced its Unaudited Financial Statements for 1st quarter of…

Top Nigerian lender, Fidelity Bank Plc recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ended 31 March 2021. Details of unaudited results, released at Nigerian…

Securities and Exchange Commission (SEC) has revealed that it is working with the Central Bank of Nigeria (CBN) for a better understanding and regulation of cryptocurrencies in the country. Director-General of SEC, Lamido Yuguda, said…

Following her statement that Nigeria’s debt was at a sustainable limit, Edo state Governor, Godwin Obaseki has on Thursday advised the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, to ‘rally Nigerians to stem the…

Nigeria’s inflation rate has continued to rise as Consumer Price Index (CPI), which measures inflation, increased to 18.17 per cent (year-on-year) in March 2021. Inflation rate is the rate at which prices increase over time, resulting in…

Edo State Governor, Godwin Obaseki has expressed that Nigeria is facing a huge financial trouble. Giving reason for his statement, Obaseki revealed that the federal government printed N60 billion as part of federal allocation for March.…