FG targets N189.5bn from marginal oilfield bid round

The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said. The DPR also…

Cryptocurrency: Withdraw your naira as early as possible —Binance

The founder and CEO of cryptocurrency exchange, Binance, Changpeng Zhao has reacted to the order by the Central Bank of Nigeria which prohibits commercial banks and all non-banking financial institutions…

Experts kick as CBN orders closure of crypto accounts

The Central Bank has ordered banks and other financial institutions to identify persons and entities operating crypto currency exchanges and close all such accounts. This drew the ire of experts…

World Bank approves $500m to support Nigeria’s power sector

THE WORLD BANK ANNOUNCED ON FRIDAY THAT IT HAD APPROVED $500M TO SUPPORT THE GOVERNMENT OF NIGERIA IN IMPROVING ITS ELECTRICITY DISTRIBUTION SECTOR. The bank said the project would help…

FG Suspends Outbound Emirates Flights

According to a report by The PUNCH, the outbound flights to Emirates Airlines from Nigeria have been hit with a 72-hour suspension by the Nigerian Civil Aviation Authority. This is…

Ben Bruce, Segalink, DJ Switch, Others Kick As CBN Bans Cryptocurrency Accounts

So many angry Nigerians have voiced out their utter displeasure at the order by the Central Bank of Nigeria which prohibits commercial banks and all non-banking financial institutions from transactions…

World Bank Approves $500m To Improve Electricity In Nigeria

To boost access to electricity and improve the performance of electricity distribution, the Word bank has approved the sum of $500m to Nigeria. In a statement issued on Friday titled,…

Crypto Ban: Nigeria Running Backwards – Shehu Sani Slams CBN

Shehu Sani, a former Nigerian senator has wondered why the Central Bank of Nigerian placed a ban on crypto currency transactions or payments for crypto exchanges in Nigeria.  The former…

FG suspends outbound Emirates flights

The outbound flights of Emirates Airlines from Nigeria have been hit with a 72-hour suspension by the Nigerian Civil Aviation Authority. This is contained in a circular issued on February…

COVID-19: Obiano imposes curfew, threatens to shut down markets

The Anambra State Governor, Willie Obiano, has imposed a curfew on the state following increasing cases of COVID-19 in the area. A statement by the Secretary to the State Government,…