Economy

Economy

Binance discontinues Nigeria naira services

Plu Team -
Binance, the top cryptocurrency exchange, announced the discontinuation of all Nigerian naira services on...
Economy

Nigerian officials issue fresh threat against Binance CEO

Olawale Afolabi -
The Nigerian House of Representatives Committee on Financial Crimes has escalated the government’s pressure...
Economy

CBN’s big rate hike hasn’t helped the naira just yet. Here’s why

Olawale Afolabi -
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg...
Economy

Binance executives detained in Nigeria after flying in for talks

Plu Team -
Two top executives at Binance were detained in Nigeria on Wednesday as the country...
Economy

Street-trading of dollars banned as CBN resumes sales to BDCs

Plu Team -
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it...
Economy

CBN announces huge interest rate hike in response to naira crisis

Plu Team -
The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase...
Economy

Nigeria’s economic growth hits three-year low in 2023

Plu Team -
Nigeria's economy expanded by 2.74 percent in 2023, marking the slowest pace of growth...
Economy

Nigeria unemployment rate up again after revised calculation

Plu Team -
Nigeria's unemployment rate climbed to 5% in the third quarter of 2023, coinciding with...
Economy

Stocks, naira down. What worsening economy means for Nigerians

Ubong Ekott -
Nigeria's economic woes intensified on Monday, with both the naira and stock markets experiencing...
Economy

Naira hits new low of 1,650 per dollar in intraday trading

Plu Team -
The naira fell to another record low of 1,650 to the dollar in intraday...
Economy

Nigeria inflation isn’t cooling; at nearly 30% in January

Plu Team -
Nigeria consumer prices rose further in January to nearly 30% as inflation shows no...
Economy

New UK pact aims to encourage British schools to offer programmes in Nigeria

Plu Team -
The UK will today (Tuesday 13 February) sign a partnership with Nigeria to boost...
Economy

Dollar: Former statistician-general Yale faults CBN’s demand control moves

Plu Team -
Former Nigerian statistician-general Yemi Kale has faulted the Central Bank of Nigeria's (CBN) approach...
Economy

Shell, Dangote supplies push Nigeria closer to home-made fuel

Eric Ojo -
Nigeria has moved closer to restarting fuel refining and production at home, potentially shutting...
Economy

CBN offers investors more returns on short-term debt to attract dollars

Plu Team -
The Central Bank of Nigeria significantly raised interest rates on short-term debt offerings on...
Economy

Cost-of-living crisis: Civil servants slam Tinubu’s govt over delayed salary

Olawale Afolabi -
Civil servants have accused President Bola Tinubu-led administration of being insensitive to workers’ plights...
Economy

Why seizing dollars in domiciliary accounts would harm Nigeria

Anietie Umoren -
The Central Bank of Nigeria on Saturday denied a report that the federal government...
Economy

Forex backlog audit reveals irregularities of $2.4 billion, says CBN

Plu Team -
The Central Bank of Nigeria (CBN) disclosed on Monday that a forensic audit of...
Economy

Naira’s fall continues as CBN releases another $500 million for forex backlog

Plu Team -
The Central Bank of Nigeria (CBN) says it has released $500 million to various...
Economy

Naira tumbles to new low as dollar scarcity persists

Olawale Afolabi -
The naira plunged to a new record low on Thursday, inching closer to the...
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