Central Bank of Nigeria (CBN) has announced an increase in the Monetary Policy Rate (MPR) to 27.50%, up from 27.25%, as part of ongoing efforts to curb rising inflation in the country.
The proposed measures, which include a 25% tariff on imports from Canada and Mexico and an additional 10% levy on Chinese goods, have sparked fears of economic disruption, inflation, and job losses across all involved economies.
After several postponements, the long-awaited resumption of fuel production at the Port Harcourt Refinery has finally become a reality. The Nigerian National Petroleum Company Limited (NNPC) confirmed the development on Tuesday, marking a significant milestone in the country’s efforts to reduce reliance on imported refined petroleum products. NNPC spokesperson Olufemi Soneye announced that the refinery…
In a move highlighting escalating tensions between Moscow and London, Russia announced on Tuesday a travel ban on several prominent members of the United Kingdom’s new Labour government. The measure, according to Russian officials, is a direct response to what they describe as the UK’s “Russophobic” policies. The blacklist includes key figures in the UK…
In their joint statement released on Tuesday, the ministers reaffirmed their unwavering support for Ukraine and strongly condemned Russia’s actions, particularly its “irresponsible and threatening nuclear rhetoric.”
The new feature allows OKX customers in Singapore to deposit and withdraw funds seamlessly without incurring fees, enhancing accessibility to cryptocurrency trading.
Binance, one of the world’s leading cryptocurrency exchanges, disclosed plans to delist five tokens following its periodic digital asset review
Nexo, a leading name in the crypto-financial services space, has unveiled its latest innovation: Personal USD Accounts. This service allows clients in over 150 countries to manage U.S. dollar transfers seamlessly through accounts registered in their names, eliminating the need for intermediary accounts. The move marks a significant step in integrating traditional finance with the…
Israel’s cabinet is set to convene on Tuesday to discuss and potentially approve the proposed ceasefire agreement.
Nigeria’s economy is demonstrating steady growth, with the nation’s Gross Domestic Product (GDP) expanding by 3.46% in real terms year-on-year in the third quarter (Q3) of 2024. This impressive performance, detailed in a recent report by the National Bureau of Statistics (NBS), marks a significant improvement compared to both the second quarter of 2024 and…
