Cryptocurrency exchange Coinbase is cutting its workforce by 18%, according to an 8-K filed by the company on Tuesday, as the crypto market continues to get hammered on expectations of...
As many crypto exchanges are downsizing, Binance’s CEO said the company was expanding its hiring. The company currently has 2,000 open roles, according to founder Yi...
Nigerians are groping in darkness as the national electricity grid collapsed to a an infinitesimal nine megawatt on Sunday. Figures obtained on Monday from the Nigeria...
Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) and its Russia-led allies rebounded modestly in May from a steep drop in April. The...
In its move to bridge the 2022 budget gap, the federal government has so far raised N2.28 trillion FGN bonds/Saving Bonds in the domestic market and...
By Ahmed Ayanfe Only Lagos, Oyo and three other states attracted foreign investment (FDI) in the first quarter of 2022, a report by the National Bureau...
The burden of subsidy payment on fuel consumed in Nigeria is about to further weigh heavier on the pocket of the federal government, thus exerting pressure...
By Ahmed Ayanfe Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity...
Ahmed Ayanfe More people living in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty due to different factors affecting the global economy,...
By Ahmed Ayanfe Despite the war in Ukraine and travel restrictions in China, the International Air Transport Association (IATA) says air travel in Africa including Nigeria...
The power generation companies (GenCos) have attributed the current state of electricity generation in the country to the ₦1.644 trillion owed them by the Nigerian Bulk...
Uber has released its Lost & Found Index 2022, outlining interesting and sometimes bizarre items people tend to forget in Nigeria and rating Lagos state as...
The National Bureau of Statistics (NBS) said Nigeria’s trade surplus in the first three months of 2022 recorded N1.2 trillion due to increases in crude oil export....
Foreign Direct Investment (FDI) into Nigeria has crashed by 78% in three months amid a worsening foreign exchange crisis in the country that continues to send...
The Nigerian Civil Aviation Authority (NCAA) is to present an Air Transport Licence to the interim management of Nigeria’s national carrier – Nigeria Air, on Monday...
The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed...
Agency Report The Federal Government has shelved plans to raise about $950 million selling overseas bonds, owing to unfavourable market conditions during the time frame approved...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power generation...
Nigeria’s foreign exchange (FX) reserve sustained its descent for the fifth consecutive week, decreasing to its lowest level since 8th October 2021, hitting eight-month bottom. Precisely,...