The Financial Times reported on Wednesday, that two senior executives of Binance had been detained in Nigeria as the nation cracks down on cryptocurrency exchanges.
Category: Africa
Egypt’s battered economy gets $35b investment from UAE to boost forex.
Egypt announced on Friday that it has signed an agreement with the United Arab Emirates to develop a desirable portion of its north coast in
Naira crashes to a record low of N1, 712 to a dollar as equities plummet.
On Monday, the Nigerian naira hit historic lows on both the official and unofficial markets and stocks had their largest one-day decline in over a
Olam Group tackles Nigeria’s Central Bank over $50b forex fraud.
The Olam Group of Singapore stated on Monday that there was no proof found by its investigation team linking its Nigeria unit to a purported
Nigeria’s inflation rises to 29.90% year on year, driven by food inflation at 35.41% in January.
Nigeria’s annual inflation jumped to 29.90% in January from 28.92% in December, the Bureau of Statistics announced on Thursday. According to the statistics agency, increases
Green energy projects in Africa are hindered by IMF loan constraints.
Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness,
California helicopter disaster claims the life of the CEO of a leading Nigerian bank and 5 others.
The CEO of one of the biggest banks in Nigeria, together with his wife and son, perished on Friday when the helicopter they were traveling
Nigeria’s central bank to punish entities involved in $2.4b fraudulent forex claims.
Olayemi Cardoso, the governor of Nigeria’s central bank, announced on Friday that organizations engaged in fraudulent foreign exchange transactions would face consequences. This came after
MultiChoice Nigeria agrees to back duty taxes of $37.3 million.
The largest pay TV firm in Africa, MultiChoice Group, announced on Thursday that its subsidiaries had settled with Nigerian tax authorities and agreed to pay
Nigeria’s Central Bank declines payment of the $2.4 billion FX backlog after a failed audit.
The governor of Nigeria’s central bank announced on Monday that errors totaling $2.4 billion had been found in a forensic examination of $7 billion in
Load More
