Interest Rate Hike Will Contain Inflation, Pressure On Naira - IMF   The International Monetary Fund (IMF) says the decision by the monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) to increase the interest rate will help contain pressure on the naira. According to...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...

Egypt Acquires $35 billion UAE Investment Deal On Friday, Egypt revealed a $35 billion investment deal with the United Arab Emirates (UAE) to develop the Ras El Hikma peninsula. This signals a new era of economic revitalization and foreign investment attraction that could serve as a...

Naira Plunges at NAFEM, Parallel Market The Naira value weakened by 1.9% or N28.73 against the United States Dollar on Thursday, February 22 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite unconventional approaches to ease the free fall of the currency. It closed at...

Chainalysis: Cryptocurrency Money Laundering Drops By 29% A Chainalysis report states that money laundered through cryptocurrency exchanges declined by 29 per cent in 2023. The report, obtained on Thursday, revealed that those illicit funds dropped by approximately $9.3bn, declining from $31.5bn in 2022 to $22.2bn in...