Tag Archives: Business Gist

The Dangote Petroleum Refinery has lowered the ex-depot price of Premium Motor Spirit (PMS), also called petrol, from ₦950 to ₦890. On Saturday, the company announced that the price reduction will begin on Saturday, February 1, 2025. “This strategic adjustment ...

Institutional interest in digital assets grows as spot Bitcoin ETFs gain approval and market dynamics shift.Key Takeaways The approval of spot Bitcoin ETFs is facilitating regulated institutional investment in digital assets. Bitcoin reached $100,000 for the first time, increasing its ...

The harsh reality is that Bitcoin isn’t for everyone, at least not yet.Do you remember the first time that you heard about Bitcoin? It’s likely you had one of three reactions. You either flat-out ignored it, called it a Ponzi ...

For some, this is something Bullish. For others, this may pose a major risk for the Bitcoin revolution, because so many BTC will no longer be usable in P2P for everyday payments. Regardless, this figure should be put into perspective ...

It is fallacious to say Nigeria’s economy is in shambles or in poor condition, or even worse off than where Buhari left it, because of the floating of the Naira. Overall, our economy has expanded, according to the World Bank, ...

If you want the Naira to appreciate in value, do these twenty things. Instead of MTN, Airtel, or Etisalat, use Glo Instead of Mercedes, Range Rover, or Honda, buy Nord, Innoson Fly Air Peace over Air France, KLM, or Lufthansa ...

Zenith Bank Plc has denied reports that its Managing Director, Ebenezer Onyeagwu was arrested by the Economic and Financial Crimes Commission (EFCC). In accordance with a record issued by the lender, it noted that the reports of the arrest were ...

The Central Bank of Nigeria (CBN) has officially dissolved the Board and Management of three prominent banks — Union Bank, Keystone Bank, and Polaris Bank. The press release dated January 10, 2024, indicates that action was due to the banks’non-compliance with critical regulatory ...

The Central Bank of Nigeria has cautioned PoS operators over cash availability. This was made known in a statement signed by the Acting Director of Communication and Public Relations, Sidi Ali, on Thursday. The CBN noted that there is a ...