Business News
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168Binance Crypto Founder Zhao Sentenced to Prison
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating...
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93FG’s deficit spending rises 52% to ₦12.86tr
The Federal Government recorded a 52.9 per cent, year-on-year (YoY) increase in deficit spending to N12.86 trillion in 2023 from N8.41 trillion...
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72Oil Prices Inch Up as Market Weighs US Stocks Decline
Oil prices were slightly higher on Wednesday after industry data showed a surprise drop in U.S. crude stocks last week, a positive...
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202e-Payment Transactions Surge by 89.3% to ₦234tr in Q1 2024
Electronic payment (e-Payment) transactions in Nigeria witnessed a remarkable surge in the first quarter (Q1) of 2024, hitting a total of N234...
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123Net Forex inflow rises 7.3% to $33.9b
The net foreign exchange (Forex) inflow into the economy increased by 7.3 per cent, year-on-year (YoY) to $33.9 billion in 2023 from...
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130Nigeria Secures $2.25b World Bank Credit
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, said the federal government had secured a $2.25 billion single-interest loan...
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524Challenges Have Been Significant Since Assuming Office –Cardoso
Media Briefing by Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN) Thank you for the opportunity to address you today. It has...
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131Stocks Decline on Mideast Tensions
Global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures...
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122Naira Defence not Responsible for Drop in FX Reserves – Cardoso
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, on Wednesday explained the reasons why the country’s foreign exchange reserves dipped in recent...
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139Headline Inflation Increases Further
According to recent data from the National Bureau of Statistics (NBS), In March 2024, the headline inflation rate increased to 33.20% relative...
