Petrol landing cost rises to N180, oil crosses $60

The landing cost of Premium Motor Spirit (petrol) imported into the country has risen by 13.34 per cent in one month to about N180 per litre on the back of…

IMF rules out Nigeria’s full economic recovery before 2022

Nigeria’s recovery from the impact of the COVID-19 is expected to be weak and gradual under current policies, the International Monetary Fund said on Monday. The IMF also stated that…

FG planning to replace BVN with NIN – Minister

The Minister of Communications and Digital Economy, Dr Isa Pantami, has said the Federal Government plans to replace Bank Verification Numbers with the National Identity Numbers. The minister said this…

Cryptocurrency players tackle CBN ban on Twitter

Some cryptocurrency players have taken to their Twitter accounts to express their reaction over the Central Bank of Nigeria’s order to shut down cryptocurrency operations. The Central Bank on Friday…

Buhari Silently Appoints His Nephew Tunde Sabiu As NIA Director

Nigeria’s President Muhmmadu Buhari has been accused of using his relatives to fill top government positions after quietly appointing his nephew as an assistant director at the National Intelligence Agency (NIA). …

Amid CBN Ban, Bitcoin Hits Record High Above $43,000

Bitoin has appreciated in value by trading at a record $43,000 on Monday.  The latest rise happened after electric carmaker Tesla invested $1.5 billion in the digital currency.  Bitcoin hit…

Cryptocurrencies breed illegal activities, raise risks – CBN

The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks, among other reasons. It said this on Sunday in a statement regarding various comments and reactions…

Petrol price may hit N190 as oil nears $60

Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol) in Nigeria should be between N185 and N200 per litre,…

Lagos govt promises to complete Ikorodu road projects

The Lagos State Government has reiterated its commitment to ensure the delivery of ongoing rehabilitation and reconstruction work of Ijede-Ewu Elepe, Oba Sekunmade and other roads in Ikorodu as promised.…

What The New CBN Directive Means For Crypto Trading In Nigeria

There is no denying the fact that the new directive by the Central Bank of Nigeria (CBN) directing financial institutions to close accounts of crypto traders may have come to…