Binance discontinues Nigeria naira services
Binance, the top cryptocurrency exchange, announced the discontinuation of all Nigerian naira services on Tuesday. This decision comes amidst an ongoing dispute with the...
Nigerian officials issue fresh threat against Binance CEO
The Nigerian House of Representatives Committee on Financial Crimes has escalated the government’s pressure on cryptocurrency exchange Binance. The committee on Monday recommended the...
CBN’s big rate hike hasn’t helped the naira just yet. Here’s why
After months of waiting, the Central Bank of Nigeria on Tuesday delivered what Bloomberg termed as a "jumbo rate hike" in its boldest move...
Heineken sells Uyo-based Champion Breweries to new owner
Nigerian beer maker Champion Breweries is getting a new owner. The brewer said an agreement has been reached with food and beverage company, EnjoyCorp,...
Street-trading of dollars banned as CBN resumes sales to BDCs
The Central Bank of Nigeria has restarted dollar sales to exchange bureaus, reversing it decision to end sales in 2021 to combat graft and...