In light of an ongoing operational audit by regulatory authorities, Dana Air has revealed that it has let go of certain employees. The Head of Corporate...
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has fined Binance, a popular cryptocurrency platform, $6 million for violating the country’s money laundering and...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it has sealed Batoson Oil and Gas Ltd in Taraba state. NMDPRA, in a statement on...
The government of Zimbabwe is set to fine businesses using a higher exchange rate than the rate stipulated by the new gold-backed currency also known as...
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has sealed a hotel, a school, and three other business premises in Abuja for tax evasion. Festus Tsavsar,...
The naira declined to N1,450 at the parallel section of the foreign exchange (FX) market on Wednesday. The current FX rate represents a 1.4 percent depreciation...
In a notable policy update, the Central Bank of Nigeria (CBN) has extended the suspension of processing fees on significant cash deposits until September 30, 2024....
The Central Bank of Nigeria (CBN) has updated the list of deposit money banks operating in the country. This was disclosed in a circular published on...
The federal government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as bribe to settle the prosecution of...
The naira on Tuesday depreciated at the official market, trading at ₦1,416.57 to the dollar. Data from the official trading platform of the FMDQ Exchange, a...