Tapswap adjourns token allocation date indefinitely  

By Adekunle Sulaimon A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been indefinitely postponed as the representatives are seeking the best ways to reward... Read more »

The Economic Benefits of Foreign Direct Investment

….How Nigerian Ambassadors can attract investors Christian C. Madubuko, PhD Foreign Direct Investment (FDI) is a crucial component of any country’s economic development strategy. FDI can bring in much-needed capital, technology, and... Read more »

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

•Reassures public about safety of their bank deposits By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity... Read more »

Petrol: Landing cost rises 46.8 per cent to N1,026.71 — Investigation

•As economy loses N19 billion By Ediri Ejoh There are indications that the landing cost of Premium Motor Spirit, PMS, otherwise known as petrol rose year-on-year, YoY, by 46.8 per cent to... Read more »

CBN ban: Opay, Kuda issue strict guidelines for account opening

By Justice Okamgba Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of Nigeria. The two operators announced this development on their X... Read more »

Coastal highway will boost 30 million businesses — Tinubu

By Josephine Ogundeji •President says project will foster trade, tourism, seeks counterpart funding •Tinubu insists landowners will get compensation, 700km highway a symbol of unity The President of the Federal Republic of Nigeria,... Read more »

Naira depreciates to N1,515/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,495 per dollar on Wednesday. Similarly, the Naira depreciated to N1,485.66 per dollar in the Nigerian... Read more »

Forex: 200 BDC operators arrested, EFCC alleges fraud

Abiodun Sanusi, Damilola Aina The Economic and Financial Crimes Commission has arrested over 200 suspects in connection with foreign exchange scams and manipulation of the financial markets. Sources privy to the development... Read more »

Naira slide pushes Dangote diesel to N1,100/litre

By Okechukwu Nnodim The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the... Read more »

Food imports hit N3tn over flooding, insecurity – CBN

By Damilola Aina The Central Bank of Nigeria released a total sum of $2.13bn to Nigerians for importing food products in 2023, Findings by The PUNCH have shown. According to the quarterly statistics of the... Read more »