Business

Cryptocurrencies are yet to be recognised as a legal tender in Nigeria. However, the buying and selling of cryptos are on the rise in the country. In the 2nd quarter of 2020, Nigeria had the largest share of Bitcoin transactions. According to Usefultulips, Nigerians transacted $34.4 million worth of Bitcoin, …

Corruption: I saved billions of dollars as finance minister, says Okonjo-Iweala Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala, has advised governments across the world to be more transparent and accountable amid the coronavirus pandemic. She observed that many countries are battling corruption in the procurement of medical supplies including personal protective …

The federal government Sunday said it would review its Air agreements with various countries as a result of the unacceptable treatment of Nigerian carriers during the coronavirus pandemic. It specifically lamented that the United Kingdom government withdrew the landing rights of Air Peace close to departure time for the evacuation …

The management of the Niger Delta Development Commission has been inundated by enquiries from stakeholders following allegations that the expanded Interim Management Committee (IMC) misappropriated N40 billion between February 20 and May 5, 2020. Although most of our stakeholders are aware of the malevolent intentions of those making these allegations, …

Akwa Ibom State government commence contruction of another smart building 18storey smart building after a request was made by companies interested in having thier South east head office in the state. Its confirmed that 30 more companies have shown interest in the 21 storey building which resurrect the construction of …

StarTimes has refreshed its content offerings, bringing more sought-after content to its subscribers at the most affordable rate in the market. Newsextra24 has learnt This is even as a new blockbuster Hollywood movie channel and two premium sports rights are coming on the platform. To bring these exciting offerings within …

The Nigerian Export-Import Bank (NEXIM), on Friday said that it does not fund political activities under any guise, but only grant loans to support export-oriented projects in the country. Ms Lohya Mamven, Corporate Communications Department, NEXIM Bank said this in a statement issued in Abuja. Mamven said that the explanation …

Access Bank Plc has notified shareholders of moves by its Zambian subsidiary to acquire Cavmont Bank Limited, a subsidiary of Capmont Capital. In a notice published on the Nigeria Stock Exchange website, Access Bank said there is no certainty that a transaction would be agreed on yet. “There can be …

Ngozi Okonjo-Iweala, Nigeria’s candidate for the World Trade Organisation director-general election, says she is in need of volunteers for her campaign. Newsextra24 has learnt In an interview with Newsextra24, Okonjo-Iweala said some of her friends have been helping with media work pro-bono. If elected, Okonjo-Iweala would be the first African …

Fidelity Bank Plc has announced that two of its Board members: Mr. Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr. Seni Adetu who has been serving as an Independent Non-Executive Director, having successfully completed their tenure in accordance with the Bank’s internal governance policy, …