Wednesday, April 2, 2025

Tag: Naira

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Tinubu sacks Mele Kyari as NNPC chief executive

President Bola Ahmed Tinubu has sacked the group chief...

Trump administration pushes Africa to pay for U.S. health support

The United States is shifting its stance on global...

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

The Nigeria Sovereign Investment Authority (NSIA) has reported a...

Lafarge is foreign-owned. Why is Senate suddenly afraid of sale to China?

The Nigerian Senate’s Thursday debate over the proposed sale...

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...

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...

Binance executives detained in Nigeria after flying in for talks

Two top executives at Binance were detained in Nigeria on Wednesday as the country steps up its crackdown on currency speculation it blames in...

CBN announces huge interest rate hike in response to naira crisis

The Central Bank of Nigeria (CBN) has announced a significant 400 basis point increase in its benchmark interest rate, raising it from 18.75% to...

Stocks, naira down. What worsening economy means for Nigerians

Nigeria's economic woes intensified on Monday, with both the naira and stock markets experiencing significant setbacks. The naira hit record lows on both official and...

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Trump administration pushes Africa to pay for U.S. health support

The United States is shifting its stance on global...

Nigeria’s Sovereign Wealth Fund profit surges 59% amid asset gains

The Nigeria Sovereign Investment Authority (NSIA) has reported a...

Lafarge is foreign-owned. Why is Senate suddenly afraid of sale to China?

The Nigerian Senate’s Thursday debate over the proposed sale...

Zenith Bank fined N15.4bn over forex, money laundering violations

Zenith Bank Group, owner of Zenith Bank, was hit...
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