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Wednesday, December 6, 2023

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Manny Akpan | Business & Economy Editor

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Sam Bankman-Fried Adopts Mackerel as Currency in Prison, Pays for Haircut with Fish

NEW YORK, USA - Sam Bankman-Fried, the former crypto-billionaire and founder of FTX, has swiftly adapted to the economic landscape of New York's Metropolitan...

‘We Can’t Just Fix Nigeria’s Economic Woes’ – CBN Governor Cardoso Declares 

ABUJA, Nigeria - In a candid acknowledgement of the Central Bank of Nigeria's (CBN) limitations, Governor Yemi Cardoso has admitted the bank's inability to...

Dangote, Kaduna, BUA Refineries to Depend on Imported Crude as Oil Theft Continues

ABUJA, Nigeria - The Nigerian National Petroleum Company Limited, NNPCL, is poised to begin the importation of approximately 110,000 barrels of crude oil daily...

Dangote Industries Refutes Illegal FX Deal Allegations, Cites Malice from Bitter Rival BUA

LAGOS, Nigeria - Dangote Industries Limited, Africa's largest conglomerate, has vehemently denied allegations that it was involved in illicit foreign exchange transactions. The claims, which...

Nigeria Awaits Energy Independence: Oil Marketers Hold Off Imports in Anticipation of Local Refining

PORT HARCOURT, Nigeria - Nigerian oil marketers are suspending plans to import Premium Motor Spirit, PMS, commonly known as petrol, as they eagerly await...

Nigeria’s Central Bank Probes $1 Billion Currency Counterfeit Deal

ABUJA, Nigeria — The Central Bank of Nigeria, CBN, has initiated a probe into an alleged currency counterfeiting operation involving a sum of $1...

Naira’s Nosedive: Nigeria’s Currency Hits Rock Bottom Despite Economic Reforms

LAGOS, Nigeria — Nigeria's currency, the Naira, has plunged to the bottom of the African currency rankings, despite a string of economic reforms implemented...

Fueling Change: Petrol Consumption Plummets 30% After Subsidy Cut in Nigeria

ABUJA, Nigeria — The Group Managing Director of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, disclosed on Friday, September 1, 2023, that...

Schools Reopen Amid Rising School Fees and Hardships: The Dark Side of Nigeria’s Fuel Subsidy Cut

NIGERIA - As primary and secondary schools across Nigeria reopen for a new academic session this September, parents are voicing their angst over rising...

Anti-Corruption Group Takes Battle to Court Over Acting Central Bank Governor’s Undeclared Assets

ABUJA, Nigeria - The Network Against Corruption and Trafficking Foundation, NACAT, a Nigerian pro-democracy civil society organisation, has filed a lawsuit against Folashodun Shonubi,...

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