Cryptocurrency platform Coinbase is denying reports that it is being blocked in Nigeria.
Last week saw a report by the Financial Times (FT) that the Nigerian government had gotten the country’s telecoms to block…
Halilu Sububu, one of the most feared terrorists in Nigeria’s North-west region, is diversifying his operations.
Mr Sububu, a former gunrunner who mentored several notorious terrorists, commonly called bandits, in the North-west…
A man counts Nigerian naira notes in a market place in Yola, Nigeria, February 22, 2023. REUTERS/Esa Alexander/File Photo Acquire Licensing RightsABUJA, Oct 27 (Reuters) - Nigeria's naira is on the brink of breaching 1,000 per dollar…
Summary
Domestic flight ticket prices in Nigeria have nearly doubled due to rising fuel costs and foreign currency shortages, leaving many consumers uncertain about their December travels. The devaluation of the Naira against the…
Nigeria’s biggest beer-maker Nigerian Breweries sank to its first half-year loss in at least ten years and its heaviest since it started brewing beer 1949 in Lagos.
The loss was recorded against the backdrop of the ripple effect…
Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.According to a report…
During her appearance before Nigerian lawmakers, Aisha Ahmad, the deputy governor of the Central Bank of Nigeria (CBN), told lawmakers that out of the nearly $1.8 billion used to manage the local currency, over 90% of this total…
Despite the popularity of cryptocurrencies in the country, the Securities and Exchange Commission (SEC) of Nigeria has no plans to make crypto part of its digital asset trading goals.
That is, at least not until regulators there…