On Wednesday, the Financial Times reported that two senior executives of Binance had been detained in Nigeria.Sources with knowledge of the matter have confirmed that more cryptocurrency operators will be invited to expand their operations in Nigeria. The crackdown follows an earlier report by the Nigerian Financial Intelligence Unit (NFIU). According to the source, the…
“If we don’t clamp down on Binance, Binance will destroy the economy of this country. They just fix the rate,” a displeased Onanuga said on Channels Television’s Politics Today program on Wednesday. “We have saboteurs. Look at what Binance is doing to our economy. That is why the government moved against Binance. Some people sit…
Wema Bank has held its first physical Importer-Exporter Forum in Lagos to address issues impeding international trade in the country and proffer solutions tailored to facilitate seamless international trade operations. The forum themed ‘Building a Symbiotic Trade Ecosystem for Effective Trade Decisions’, was a gathering of importers, exporters, aspiring international traders and relevant regulatory bodies….
United Bank for Africa Plc has pledged to work with the Economic Community of West African States on implementing initiatives that will attract investment and sustainable development into the sub-region’s mining and oil sectors. According to a statement from the bank on Monday, the pledge was made at the just concluded fourth ECOWAS Mining and…
… Nigerian Affiliate wins Best FX Bank in the country Ecobank, the leading pan-African Banking Group, proudly announces that it has won the esteemed Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards. The win reflects Ecobank’s unwavering commitment to meeting the specialised needs of SMEs across its diverse…
In furtherance of its commitment to collect and recycle a bottle or can for each one introduced into the market for recycling or reuse by 2030, Nigerian Bottling Company Ltd recently inaugurated recycling banks in Lagos and Abuja. In a statement, the company noted that the neighbourhood-based recycling bank in Ifako-Ijaiye housing estate, Agege, was…
First City Monument Bank (FCMB) marked the 2024 Valentine’s Day with hundreds of visually-impaired students and adults at schools and centres in Lagos, Nigeria. In a statement from the bank, it was revealed that the initiative, titled: ‘A Different Kind of Love,’ reflected FCMB’s dedication to inclusivity and empowerment. At the Federal Nigeria Society for…
Nigeria’s foremost carrier, Air Peace Limited has announced that it would offer Nigerians studying in the UK special fares as it commences Lagos-London flight from March 30, 2024. Chairman and CEO of Air Peace, Dr Allen Onyema made this known on Thursday in Lagos during the airline’s engagement session with travel agents. Onyema who unveiled…
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. He stated this in a presentation at the Ministry of Finance Incorporated Public Wealth Management Conference in Abuja on Tuesday, according to a statement issued by NNPCL spokesperson, Olufemi…
