Nigeria Financial News

When Bangladesh makes international news, it’s usually for tragedies: devastating cyclones, massive industrial accidents, grisly terrorist attacks. Even by those dismal benchmarks, the latest story from Bangladesh stands out—the deaths this month of more than 200 people during a government crackdown on student protests. The violence may signal the beginning of the end for 76-year-old Prime Minister Sheikh Hasina, under whose increasingly autocratic rule the country has turned into a de facto one-party state.

Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation

Due to warmer temperatures and increasing urbanization, the market for cooling systems is expanding in Africa

Meta says it has removed about 63,000 Instagram accounts engaging in sexual extortion scams

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter

Nigerian legislators have begun an investigation into the alleged importation of contaminated fuel into the country, part of efforts to resolve issues causing a rift between an oil refinery owned by Africa’s richest man Aliko Dangote and the industry r...

Nigeria's government has fined Meta $220 million after its investigations found “multiple and repeated” violations of the country’s data protection and consumer rights laws on Facebook and WhatsApp

Public sector workers in Nigeria on the minimum wage will see their salaries double after the government reached an agreement on Thursday with labor unions that have been threatening further strikes as the cost of living spirals

Founded in 2020 by banking industry veterans Dominic Duru, previously of RBS and Citi, and Khalid Talukder, previously of UBS, Citi & Deutsche Bank, DKK specialises in emerging markets (EM) and foreign exchange (FX) liquidity. The firm last raised a £3 million pre-seed round in September last year at a pre-money valuation of £100 million. DKK has seen its flow rise to $1.3 billion in transactions in the last year with Ebitda reaching an impressive $2 million. The firm has also opened dedicated offices across all key markets, including London, Dubai, Ghana, Nigeria, Cameroon and Senegal. Earlier this year, DKK received initial approval from the Dubai Virtual Assets Regulatory Authority (VARA) to offer Virtual Asset Broker Dealer Services. As part of the deal Meridien Holdings will help the firm to scale up its operations by supplying complementatary technology to help drive efficiency and distribution of its products and services.

Dr. Abraham Ehizojie, a medical professional responsible for treating detained Binance Nigeria executive Tigran Gambaryan, has been issued an arrest warrant after he failed to hand over the prisoner’s medical records.

The Nigerian Police Force has arrested Linus Williams, a well-known local crypto celebrity known as BLord, for alleged crypto fraud.

Malaria vaccine: Ivory Coast has become the first country to deploy a malaria shot developed by Serum Institute of India Ltd., the world’s largest vaccine maker, and the University of Oxford.The first doses of the R21 immunization were administered on Monday to children in Abidjan, the commercial capital of the West African country, the developers and their partners said in a statement — the second malaria vaccine to go into use.“The new vaccine has been authorized by Ghana, Nigeria, Burkina Faso and the Central African Republic, and many others are preparing to receive shipments," they said in the statement. A total of 656,600 doses have been received, which will initially vaccinate 250,000 children from newborns to 23 months across 16 regions of Ivory Coast.The vaccine was recommended in 2023 by the World Health Organization for use in Africa for children under five years old, the age group there that bears the brunt of a disease that kills more than 600,000 people per year.

A Nigerian court has scheduled the verdict for the tax evasion trial against cryptocurrency exchange Binance for October 11. The announcement was made by presiding judge Emeka Nwite on Friday.

KuCoin cryptocurrency exchange announced on July 3 a major regulatory update that will affect its users in Nigeria. The exchange will implement a transaction fee tax on all trades executed on the platform for its Nigerian users.

Among the distinguished guests were US television personalities Kim Kardashian and Khloe Kardashian, Nigerian rapper Rema, and former UK Prime Minister Tony Blair. The event also saw the attendance of business magnates such as Saudi Aramco CEO Amin Nasser and Samsung Electronics Chairman Jay Lee. Bollywood's elite turned out in full force, with stars like Amitabh Bachchan, Shah Rukh Khan, Salman Khan, Ajay Devgn, Ranbir Kapoor, Alia Bhatt, Tiger Shroff, and Varun Dhawan gracing the occasion. Southern cinema icons Rajinikanth, Ram Charan, and Mahesh Babu also added to the glittering guest list. Indian cricket legends Sachin Tendulkar and Mahendra Singh Dhoni, along with current stars like Jasprit Bumrah and Hardik Pandya, were present to celebrate the union.

students were killed on Friday when a school in central Nigeria collapsed on pupils taking exams, according to an AFP correspondent. Trapped students were heard crying for help under the rubble after the Saint Academy school in Jos North district of Plateau State fell in on classrooms. Mechanical diggers tried to rescue the victims while parents desperately looked for their children.

Nigeria’s Securities and Exchange Commission (SEC) mandated on June 21 that all Virtual Asset Service Providers (VASPs), including cryptocurrency companies, establish offices in Nigeria as part of eligibility requirements under its Accelerated Regulatory Incubation Programme (ARIP).

Nigeria’s Minister of Finance and Coordinating Minister of the Economy has called upon the newly inaugurated board of the Securities and Exchange Commission (SEC) to address the complexities of regulating cryptocurrencies.

The lack of reliable electricity severely affects education and businesses in Nigeria

On June 25th, the TON Foundation introduced Adsgram, a new advertising platform for Telegram designed to help developers generate revenue from their mini-apps. This initiative allows developers to integrate ads directly into their applications and earn Toncoin (TON), creating new income opportunities within the TON ecosystem.

The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) has expressed concerns over the ongoing legal disputes between cryptocurrency exchange Binance and the Nigerian government.