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Business

FG Seeks N500bn To Revive Bank Of Agriculture

The Bank of Agriculture (BOA) has begun talks with its stakeholders to raise between N500bn and N1tn to revive the bank which was established...

Business

CBN Records Upsurge In Dollar Inflow As Remittances Quadruple To $1.3bn

The Central Bank of Nigeria (CBN) recorded a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in...

Business

Borrow $30bn From IMF To Save Nigeria’s Economy, Ex-CBN Deputy Governor, Moghalu Advises FG

The Chairman of Africa Private Sector Summit and former Deputy Governor of the Central Bank of Nigeria, Professor Kingsley Moghalu has said that Nigeria...

Business

Binance To Discontinue All Naira Services After $10bn Fine By FG

Binance Nigeria has announced that it will discontinue all its Naira services from March 8 following the clampdown on the company by the federal...

Business

Naira Will Rebound If Nigeria Returns To Fiscal Federalism— Prof Ekekwe

Professor Ndubuisi Ekekwe has said that the naira will rebound by more than 100 per cent if the country returns to fiscal federalism where...

Business

Binance Will Destroy Nigeria’s Economy If We Don’t Clamp Down On Them- Bayo Ononuga

The Special Adviser on Information & Strategy, Bayo Onanuga has disclosed that they were advised to clampdown on the embattled cryptocurrency exchange trading platform,...

Business

Full List: CBN Excludes BDCs In South South From $20,000 Weekly Intervention

The Central Bank of Nigeria shortlisted 1,368 Bureau de Change operators which it said qualified for the $20,000 intervention but more than 57 per...

Business

‘Talk Is Cheap’— Nigerians React To Ben Bruce’s Advice On Lifting Naira From N1,730/$

Former Nigerian Senator and the founder of Silverbird Group, Ben Murray-Bruce, has been criticised after advising the government to focus on harnessing the potential...

Business

Social Integrity Network Demands Probe Of Alleged $2.4bn Forex Trading Fraud

The Social Integrity Network, (SINET) has demanded further clarification concerning a statement credited to the Central Bank of Nigeria, CBN Governor, Mr. Olayemi Cardoso,...

Business

Stuck In Debt: Under Pressure By Rising Prices, Small Businesses Struggle To Stay Afloat

Mrs. Patricia Nwama started her small business, Devine Grace Provision Stores, around 2012 which she built from scratch, but the entrepreneur is highly indebted...

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