Category: Business
Binance to depart Nigerian market, ends services in local currency
Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country.
The crypto exchan [...]
Glo takes stress off businesses with outsourcing offer
Total telecommunications solutions provider, Globacom, has introduced a strategic business solution that enables companies and businesses to outsource [...]
FG pays N1trn monthly for petrol subsidy — MD Pinnacle Oil Reveals
Despite the deregulation, Pinnacle Oil and Gas Limited, a local oil and gas company operating throughout the downstream value chain, has revealed that [...]
MoneyMaster PSB mobile app excites users
MoneyMaster PSB, Globacom's obile banking app of MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria's leading payment service bank, has continu [...]
FG set to ban Lemonade Finance, three other IMTOs from operating in Nigeria
The federal government has set a plan in motion, to ban some online international money transfer operators, IMTOs including Lemonade Finance from [...]
Excess money printed during Buhari’s administration responsible for depreciation of naira – Alex Otti
Abia State Governor Alex Otti has lamented the dramatic depreciation of the naira, whose cause he attributed to the excess money printed by the Federa [...]
CBN licences BDC operators with ridiculous names like ‘Happy Ends’, ‘In-to-in’, ‘Looking and Seeing’ etc
The rising exchange rate of the dollar against the naira which has caused inflation to hit the roof, coupled with the need to carry out measures [...]
Abia residents celebrate 48 hours uninterrupted electricity following commissioning of $800m181MW power plant
Residents of Aba in Abia State are celebrating 48 hours of uninterrupted electricity following the installation of the $800 million Geometric Power Pl [...]
Nestle Nigeria records N79bn loss after investing N61bn to expand operations
Beverage company, Nestle Nigeria has recorded N79 billion loss after tax even as it had made a heavy investment to improve profitability and expand it [...]
Seplat Energy appoints Udo Udoma as Chairman
The Board of Seplat Energy Plc, a Nigerian energy company dual listed on both the Nigerian Exchange Limited and the London Stock Exchange has announce [...]