The SEC creates rules for providers of digital assets in order to prevent money laundering Amid the FG’s recent efforts to stop illicit cryptocurrency trading in the nation, new regulations to further regulate cryptocurrency trading have been introduced. New regulations have been released by the Securities and Exchange Commission (SEC) to oversee the licensing, registration,…
In 2023, more than 700 factories will cease operations – MAN The Tinubu administration’s naira harmonization has put a lot of strain on Nigeria’s manufacturing sector. Manufacturers in Nigeria have expressed regret over the worsening economic situation, which has caused 767 firms to cease operations and 335 to experience financial difficulties in 2023. The stopping…
BREAKING: Tinubu Suspends REA Managing Director, Makes Five Fresh Appointments President Bola AhmedTinubu has given his approval for the indefinite suspension of the Managing Director/CEO of the Rural Electrification Agency (REA), Ahmad Salihijo Ahmad. In addition to Ahmad, three other agency Executive Directors were suspended after the President made a fresh appointment. The development was…
President Tinubu Signs Executive Order On Oil And Gas Reforms President Bola Ahmed Tinubu has taken a significant step towards enhancing investments in Nigeria’s oil and gas sector by signing an executive order on oil and gas reforms. The latest action by the Renewed Hope administration aims to eliminate barriers to investments, maximize the nation’s…
Nigeria Accepting Grains From Ukraine Not A Sign Of Failure – FG Replies Peter Obi The Minister of Information and National Orientation, Alhaji Mohammed Idris, has acknowledged President Bola Tinubu’s challenges a few months into office. Speaking on one of the controversial developments recently, Idris clarified that Nigeria’s acceptance of grains from Ukraine should not…
Address Nigeria’s Food Insecurity Immediate – IMF Urges FG The International Monetary Fund (IMF) has urged the Nigerian government to prioritize addressing food insecurity as a matter of urgency. This recommendation was made in the IMF’s End-of-Mission statement, which was released after the completion of the IMF Staff 2024 Article IV Mission to Nigeria. The…
Economic Hardship: Buhari Sold Nigeria’s Future – Gov Mutfwang Alleges Governor Caleb Mutfwang of Plateau State made a strong assertion on Monday, attributing the current economic challenges faced by Nigerians to former President Muhammadu Buhari. Speaking at the swearing-in ceremony of 22 Special Advisers and heads of government agencies at the Government House in Jos…
President Tinubu Orders Dangote, BUA, Others To Revert To Old Prices Of Cement President Bola Ahmed Tinubu has instructed cement companies in Nigeria to return to previous prices following the increase in the cost of the commodity. Nigeria’s Minister of Works, David Umahi, disclosed the President’s verdict yesterday during his visit to the BUA cement…
Tinubu’s Govt Slams $10 Billion Fine On Binance Binance, a cryptocurrency trading platform, has been hit with a hefty $10 billion fine by the Federal Government of Nigeria. The Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, Bayo Onanuga, confirmed the latest development during an interview with BBC on Friday (today). According…
Address Insecurity To Increase Food, Oil Production In Nigeria – Peter Obi Tells Tinubu The 2023 presidential candidate of the Labour Party and former Governor of Anambra State, Peter Obi, has expressed the belief that resolving the security challenges in Nigeria will lead to a significant boost in food and oil production. Obi expressed this…
