Naira rises to 475 against dollar after crypto ban
The Nigerian currency strengthened against the dollar on Thursday at the parallel market for the second day after the Central
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CBN ban: SEC puts plan to regulate cryptocurrencies on ice
The Securities and Exchange Commission has put on hold its plan to regulate cryptocurrencies and other digital assets following last
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Nigeria’s forex reserves fall below $36bn despite oil rally
Nigeria’s foreign exchange reserves have declined below $36 billion to the lowest level since Jan. 8, 2021 despite the recent
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Ex-World Bank executive joins Ecobank’s board
Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the co-option to its Board of Directors of Hervé
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Debt relief, vaccines critical to Africa’s recovery – AfDB boss
The President of the African Development Bank, Dr Akinwumi Adesina, has said fair access to COVID-19 vaccines and debt relief
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Stock delisting: 11Plc plans to settle dissenting shareholders
11 Plc, formerly Mobil Oil Nigeria Plc, has said it will set aside sufficient funds to settle all dissenting shareholders
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Nigeria disagrees with IMF on further naira devaluation
The International Monetary Fund has said Nigerian authorities did not agree with the need for an additional exchange rate adjustment.
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DPR issues licence for Nigeria’s first floating LNG plant
The Department of Petroleum Resources announced on Monday that it had issued a licence to UTM Offshore Limited, an indigenous oil and
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Naira weakens further at investors, exporters’ forex window
The naira extended its decline on Monday at the Investors’ and Exporters’ Foreign Exchange Window, falling by 0.59 percent against
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Nigeria needs urgent policy adjustment as economy worsens – IMF
The International Monetary Fund has said Nigeria needs urgent policy adjustment and more fundamental reforms to address its economic woes.
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