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The worlds biggest cryptocurrency exchange, Binance Holdings Ltd (BHL) has been ordered to pay $4.3 billion for violations of anti-money laundering and sanctions laws in a settlement approved by a…
The Federal Government plans to restart direct cash transfers to the poorest and most vulnerable Nigerians. Presently, approximately three million people are recipients of these programmes but due to the…
Joint Effort Between ONSA and CBN to Safeguard Nigeria’s Foreign Exchange Market and Combat Speculative Activities. ABUJA, FCT, 20 FEBRUARY, 2024- In a concerted effort to safeguard Nigeria’s foreign exchange…
Naira Hits N1652 on Forward Market The Nigerian naira has continued to lose its purchasing power. Nigerian non-deliverable currency forwards fell across the curve to a new record low against…
Moody’s Upgrades Outlook on Nigerian Banks to Positive Nigerian banks’ earnings prospect is positive despite macroeconomic headwinds confronting Africa’s largest economy. Banks have seen a series of margin dilutive directives…
Despite the rising cost of living across the country, Senator Adeseye Ogunlewe is optimistic that President Bola Tinubu will address the issue and is asking Nigerians to be patient. Since…
FX: Nigerians’ Applications to UK Universities Fall –Moody’s Applications from Nigerians seeking to enter universities in the United Kingdom (UK) have dropped sharply due to a sharp devaluation of the…
Weak Naira Reduces Nigerians Interest in UK Universities – Moody’s Applications from Nigerians seeking to enter universities in the United Kingdom (UK) have dropped sharply due to exchange rate pressures,…
Catholic Bishops in the country, under the auspices of the Catholic Bishops’ Conference of Nigeria (CBCN), have told President Bola Tinubu that his policies are inflicting untold hardship on Nigerians.…
Nigerian Breweries Posts N106bn as Net Loss in 2023 Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted…