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Monday, April 27, 2026

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Manny Akpan | Business & Economy Editor

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‘Nigerian Officials Demanded $150 Million Bribe in Cryptocurrency,’ Binance CEO Says

GEORGE TOWN, Malta - Richard Teng, CEO of Binance, the prominent cryptocurrency trading platform, has alleged that unknown individuals attempted to solicit a bribe...

Bolt Nigeria Cuts Nearly Half Its Staff Amid Economic Challenges

LAGOS, Nigeria - Bolt Nigeria has dismissed 22 of its 45 employees, affecting nearly half of its workforce in the country, including key senior...

Naira’s Revalution: Consumer Protection Commission Investigates Soaring Food Prices

ABUJA, Nigeria - In a determined bid to address the persistent rise in food prices across Nigeria, the Federal Competition and Consumer Protection Commission,...

Dangote Refinery Slashes Diesel Price to N1,000 Per Litre

LAGOS, Nigeria - In a significant economic move, the Dangote Petroleum Refinery announced a substantial reduction in diesel prices on Tuesday, April 16, 2024,...

Nigeria’s Central Bank Reveals Depleting Foreign Reserves is Due to Debt Servicing

Washington DC, USA - During the ongoing International Monetary Fund/World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria Governor, Olayemi Cardoso, addressed...

Libya Surpasses Nigeria as Africa’s Top Crude Oil Producer

TRIPOLI, Libya - Libya has overtaken Nigeria as the continent's highest crude oil producer. According to the latest data from the Organization of Petroleum Exporting...

Dangote Predicts Diesel Price Cut to Drive Down Nigeria’s Inflation Rate

LAGOS, Nigeria - Aliko Dangote, the chairman of the Dangote Group, expressed confidence that the recent reduction in diesel costs would lead to a...

NERC Fines Abuja DISCO N200 Million for Improper Billing

ABUJA, Nigeria - In a move to safeguard consumer rights, the Nigerian Electricity Regulatory Commission, NERC, has imposed a hefty fine of N200 million...

Tax Evasion Arraignment of Binance Executives Stalled Due to Service Issues

ABUJA, Nigeria—The arraignment of Binance Holdings Limited and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, has been postponed on Thursday, April 4,...

High Court Clears Former AGF Mohammed Adoke, 6 Others in Malabu Oil Scandal

ABUJA, Nigeria - The High Court of the Federal Capital Territory (FCT) in Jabi, Abuja, has exonerated Mohammed Adoke, the former Attorney General of...

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