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EFCC continues crackdown on cryptocurrency platforms, others to tackle dollar rise
The Economic and Financial Crimes Commission has instituted a further crackdown on currency speculators and cryptocurrency platforms manipulating the naira. ...CBN not using foreign reserves to defend naira, says Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the country is not using its foreign reserves to ...FCCPC deploys operators to market over rising food prices
The Federal Competition and Consumer Protection Commission says it is taking steps to protect consumers regarding the continued rise in ...FG now spends N600bn monthly on petrol subsidy, claims Rainoil CEO
The chief executive officer of Rainoil Limited, Gabriel Ogbechie, claims the federal government now spends N600 billion on petrol subsidy ...Nigeria’s FX reserves drop to $32bn — lowest level in six years
Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to ...Marketers excited as Dangote slashes diesel price to N1,000/litre
The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of ...Naira appreciates to N1,080$ in parallel market
The Naira, on Wednesday, appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend. Similarly, ...Nigeria’s inflation rate hits 33.20% despite Naira rebound
Despite Naira’s rebound, Nigeria’s inflation rate jumped to 33.20% in March 2024 compared to February 2024 headline inflation rate which ...FG teams trace fleeing Binance executive to Kenya
The Federal Government has traced the Binance executive, Nadeem Anjarwalla, who escaped from custody in Nigeria to Kenya. it was ...Nigeria struggling to find oil buyers over demand shortfall in Europe – Report
Nigeria is struggling to find buyers for its crude oil due to a shortfall in demand from Europe. According to ...














