Category: business news

Binance Exit: Nigerians Seek Alternative Crypto Trading Platforms After

Following the exit of Binance from Nigeria, cryptocurrency traders are seeking other naira exchange platforms to carry out their trading. The Nation reported that Binance, on March, 5 announced plans…

Read More Arrow

UBA, African Guarantee Fund Partner on $100m SME Loan

Operators of Small and Medium Enterprises (SMEs) and other businesses are to benefit from the $100 million being offered as new loans by the United Bank for Africa (UBA). The…

Read More Arrow

Check Out The Six Most Expensive, Popular Cryptocurrencies

Bitcoin on Monday hit a new record high above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down.   Investigations revealed that the cryptocurrency coin…

Read More Arrow

Why We Are Pushing For Investments In Local Industries – Dangote

The President of Dangote Group, Aliko Dangote, has said Dangote Industries Limited has been championing the cause of local content and contributing significantly to the economic growth of Nigeria and…

Read More Arrow

Crypto Crackdown: How Two Binance Executives Arrested, Detained

Two senior executives at Binance have been detained in Nigeria – according to Financial Times (FT), a UK-based business news outlet, the passports of the unnamed Binance executives have been…

Read More Arrow

Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out

Nestle Nigeria Plc has lost a staggering N104 billion before tax for the year ended 2023 compared to a profit before tax of N71 billion same period in 2022. Nairametrics…

Read More Arrow

Excitement As CBN Begins Sales Of Dollars To BDCs

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than…

Read More Arrow

Over $300m Sold To Banks By CBN As Naira Gains

The Central Bank of Nigeria has given over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilize the naira-dollar exchange rate.     The…

Read More Arrow

Nigeria’s GDP Grew By 3.46% In Q4 2023 — NBS

The National Bureau of Statistics has revealed that Nigeria's Gross Domestic Product experienced a year-on-year growth of 3.46 percent in real terms during the fourth quarter of 2023. In its…

Read More Arrow

CBN To Banks: Notify Customers Before Debt Recovery Moves

The Central Bank of Nigeria has instructed regulated entities to provide customers with notices of outstanding obligations before beginning debt collection. This is to ensure that the debt recovery process…

Read More Arrow