The website of Nigeria’s highly-anticipated digital currency, the e-Naira, is now live ahead of its official launch. The eNaira is a Central Bank-issued digital currency that provides a unique form of money…
Category: Business
Bitcoin slumps as China bans all cryptocurrency transactions
The Chinese government has intensified its crackdown on cryptocurrencies by declaring that all crypto-related transactions are “illegal”. On Friday, Bitcoin fell by 5.49 percent to about $42,000, while ethereum slumped by 7.71…
Forex Infractions: Access Bank, UBA, Fidelity Bank, FCMB To Pay N1.4bn Fine
Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria,…
VAT collection: Akeredolu talks tough, warns FG
Rotimi Akeredolu, governor of Ondo state, says the move by the Federal Inland Revenue Service (FIRS) to amend the constitution by including value-added tax (VAT) in the exclusive list will fail. Speaking…
Finally, Miyetti Allah Dumps Open Grazing, Adopts New System
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Ondo State chapter, has embraced the feedlot operational system as alternative to open grazing, saying it will help them increase…
ENaira: CBN Reveals More Revelation About Digital Platform – Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex monetary authority will own a majority stake in Bitt Inc., its technical partner for digital currency, eNaira….
CBN To Shut Down Aboki FX Website Over Naira Crash
The Central Bank of Nigeria has said that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank described as an illegal and criminal…
Buhari’s Govt Okays Over 200% Increase In Ground Handling Charges For Airlines After 35 Years
Exactly 35 years after the amendment of ground handling charges, the Nigeria Civil Aviation Authority has approved new safety threshold charges for air cargo companies. The amendment was last made in 1986…
Domiciliary: No plan to convert currencies — CBN reveals
The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate Communications, Mr. Osita Nwasinobi, said…
FG recommences conditional cash transfer in Osun
Federal Government of Nigeria has recommenced the Conditional Cash Transfer to vulnerable persons in Osun State and also assured them that the backlog would also be paid without delay. Debit cards were…