Business

CBN records $2.3bn increase in forex inflow

The Central Bank of Nigeria (CBN) says it reported a significant increase in foreign exchange inflow into the economy in…

2 years ago

FG targets cryptocurrency to end naira freefall

The Federal Government has resolved to target cryptocurrency to end the continued depreciation of naira in the foreign exchange market.…

2 years ago

Shettima inaugurates intergovernmental carbon market committee

Vice President Kashim Shettima has inaugurated the Intergovernmental Committee on Carbon Market Activation Plan to create a blueprint to drive…

2 years ago

Tinubu suspends REA MD, EDs over N1.2bn fraud, appoints replacements

President Bola Tinubu has slammed an indefinite suspension on the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo…

2 years ago

Egypt raises interest rate by 600 bps as currency falls

The Central Bank of Egypt has increased the interest rate by 600 basis points to allow the exchange rate to…

2 years ago

‘Punishment on investors’: MAN seeks expatriate employment levy’s removal

The Manufacturers Association of Nigeria (MAN) has called for the discontinuation of the Expatriate Employment Levy (EEL) recently introduced by…

2 years ago

Transcorp Power lists shares on NGX, adds over N1.8trn to market

Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main…

2 years ago

Binance removes naira transactions from platform

Binance, a cryptocurrency trading platform, has announced the discontinuation of all its naira services commencing from March 8, 2024. Effective…

2 years ago

Bitcoin hits $68,500 record high

Bitcoin was perched at a two-year peak on Tuesday, March 5, 2024, breaking above $68,600 and stalking the all-time high…

2 years ago

Transcorp Power, Geregu, BUA Cement help equity market gain N1.86trn

The Nigerian Exchange Limited (NGX) equity market opened positively on Monday, March 4, 2024, as gains in newly listed Transcorp…

2 years ago

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