BREAKING: Cars, valuables set on fire as crisis hit Wuse market
There is ongoing pandemonium at the popular wuse market, Abuja. Leading Reporters can authoritatively confirm. Our correspondent who is currently at the market could see traders…
Section
Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
Senate Begins Probe Into CBN’s N30trn Loan To FG
The Senate of Nigeria is leading the investigation into the Central Bank of Nigeria’s disbursement of a significant N30 trillion loan to the Federal Government. The…
JUST IN: Bitcoin hits $71,000
Cryptocurrency Bitcoin reached a new peak of $71,000 on Monday, Bloomberg data reports. The demand for Bitcoin comes amid optimism that the US Federal Reserve will…
FG owes N100 billion Electricity debt, says Distributors
The Executive Director of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has revealed that the Nigerian government is indebted to about N100 billion in outstanding…
Fuel scarcity hits Abuja as long queues surfaces at petrol stations
Fuel scarcity has hit the Nigerian capital, Abuja, with commuters and commercial drivers forming long queues at fuel stations in different parts of the city. The…
Reps to go after 5,000 companies owing Nigerian Govt N5.2 trillion in unpaid taxes
The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by some businesses operating in Nigeria. The…
JUST IN: Documents Emefiele used to request $6.2m payment for observers forged – Analyst
A forensic analyst has confirmed that the documents former Central Bank of Nigeria (CBN) Governor Godwin Emefiele used to request the payment of $ 6.2 million…
Bank Of Ghana Bans First Bank, GTB’s FX Trading Licences
The Bank of Ghana has suspended the foreign exchange (FX) trading licences of two Nigerian-owned banks – First Bank of Nigeria and Guaranty Trust Bank over…
BREAKING: Binance exit Nigerian market, terminate local currency operation
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira…
Crisis brews as Tinubu’s Minister, Wale Edun Transfers Social Investment Programmes From Humanitarian Affairs Ministry To Finance
The Minister of finance, Wale Edun, has relocated the National Social Investment Programmes (NSIPs) from the Ministry of Humanitarian Affairs and Poverty Alleviation to the Ministry…