Central Bank of Nigeria (CBN) Revokes Licenses of 4,173 BDCs: Regulatory Update. In a significant regulatory move, the Central Bank of Nigeria (CBN) has announced the revocation of operational licenses for over 4,000 Bureau De Change (BDC) operators under…
Nigeria Imposes $10 Billion Fine on Binance Amid Forex Crisis In a significant move, the Federal Government of Nigeria has levied a hefty $10 billion fine against Binance, a prominent cryptocurrency trading platform, citing its alleged role in exacerbating the…
MTN Nigeria Faces N740 Billion Forex Losses, Shareholder Funds Impacted. In a significant financial downturn, MTN Nigeria Plc has recorded a loss before tax of N177.8 billion, a stark contrast to the N518.8 billion pre-tax profit reported a year…
Secure Your Career: Elderly Care Job Opportunities in the USA with Visa Sponsorship in 2024. The demand for skilled caregivers specializing in senior care is escalating alongside the growing population of older adults in the United States. With a…
Here is the list of top 10 Best places to study abroad in Europe. Europe stands as a beacon of educational excellence, offering top-tier institutions, enriching experiences, and a vibrant cultural milieu for students worldwide. With its diverse landscape…
Boosting the Naira: MAN Urges FG Support for Local Producers. The Manufacturers Association of Nigeria (MAN) has urged the Federal Government to bolster the country’s economy and enhance the international value of the naira by backing local producers. This…
Addressing Forex Concerns: Insights on Binance Nigeria’s $26 Billion Transactions, Cardoso Reveals. Nigeria’s forex landscape has been under scrutiny, with Central Bank Governor, Olayemi Cardoso shedding light on the staggering $26 billion flowing through Binance Nigeria within a year.…
Understanding Naira’s Undervaluation: Insights from Olayemi Cardoso. In a recent statement at the Monetary Policy Committee Meeting on February 27, 2024, Olayemi Cardoso, the Central Bank Governor, shed light on the undervaluation of the Nigerian Naira, attributing it to…
Nigerian Stock Exchange Witnesses N773 Billion Decline in Equities: Market Update. The Nigerian Stock Exchange (NSE) recently experienced a slight downturn in its key performance indicators, amidst prevailing bearish sentiment, resulting in a dip of 1412.64 points in the…
CBN Governor, Olayemi Cardoso, Dismisses Blame for Nigeria’s Economic Struggles. In a recent statement, Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), refuted claims that he and his team are accountable for the nation’s ongoing economic…
