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Scarcity of the Premium Motor Spirit (PMS) popularly known as petrol is imminent as depot owners were said to have shut down operations on Monday. Depot owners were shutting down operations with the excuse that they have no products. According to the Independent Petroleum Marketers Association of Nigeria (IPMAN) National...

The United States government led by Joe Biden and Kamala Harris has endorsed Ngozi Okonjo-Iweala, former minister of finance, for the office of the director-general of the World Trade Organisation (WTO). In a statement by the office of the US Trade Representative said the Biden-Harris admin is pleased to support...

Adamu Garba, a former presidential aspirant, has opined that investing in cows is better any form of cryptocurrency business. Garba was lending his voice to the latest instruction to Deposit Money Banks (DMBs), other Financial Institutions (OFIs) and Non-Bank Financial Institutions (NBFIs) against having any transactions in crypto or facilitating...

Former vice-president Atiku Abubakar has urged the Buhari administration not to shut down cryptocurrency business, as announced by the Central Bank of Nigeria on Friday. In a statement signed by him on Saturday, Atiku urged government to regulate the sector rather than embarking on an outright shutdown. “This is definitely...

The Central Bank of Nigeria (CBN) has directed banks to close accounts of persons or entities involved in cryptocurrency transactions within their systems. This is according to a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday. In January 2017, CBN had...

Moses Olafare, media aide to Ooni of Ife, Enitan Ogunwusi, says the monarch has forgiven Yoruba youth leader, Sunday "Igboho" Adeyemo. Igboho had described Ogunwusi as a “Fulani slave”, when he spoke during a virtual town hall with Yorubas in the diapora on Wednesday. According to Igboho, the Ooni had...

The Lagos State Government says it plans to phase out yellow buses in accordance with its transportation masterplan of the state. Commissioner for Transportation, Dr Frederic Oladeinde, said this in a virtual forum on Thursday, adding that the busses would be replaced by blue buses. The virtual forum was titled...

Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power ( the amount of goods and services that can be purchased with a unit of currency), while for financial traders, it can be described as an indicator, reflecting many factors related to the currency...