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Image Credit: ZhuHaibin Cardinal Stone Capital has completed a successful exit by selling its stake in i-Fitness, the country's leading fitness and gym chain, to Verod Capital Management. The deal, valued at $12 million, marks a complete exit for Cardinal Stone, which initially invested in...
In an unexpected turn of events, Binance, the world's largest cryptocurrency trading platform, has confirmed its collaboration with President Bola Tinubu's administration to block Nigerians from engaging in dollar-naira trade on its platform. The announcement, made in a commitment to P2P users...
At the Public Wealth Management Conference in Abuja, Finance Minister Wale Edun shed light on the economic challenges inherited by President Bola Tinubu's administration, particularly a surge in food and general commodity prices from the previous government. Despite this, Edun emphasized the...
Ayo Oyalowo, on Channels TV, asserted that the government should oust "criminals" managing certain banks to address the Naira's decline. He emphasized restructuring banks before targeting Bureau de Change operators (BDCs), implying that banks, allegedly hoarding dollars, contribute to the...
President Bola Tinubu has taken prompt action, directing the immediate settlement of Aso Rock's outstanding electricity bill to the Abuja Electricity Distribution Company (AEDC). AEDC had threatened disconnection, listing Aso Rock among its debtors. Contrary to the initial claim of a N923...
In response to the ongoing protests against hardship and soaring food prices in Nigeria, the Nigeria Customs Service (NCS) has announced a groundbreaking initiative. Comptroller General Bashir Adewale Adeniyi revealed plans to distribute seized food items to Nigerians, aiming to address food...
In Port Harcourt's GRA Phase 2, a man collapsed from exhaustion and hunger today, citing three days without food amid prevailing economic hardships. The incident underscores the dire impact of widespread hunger and challenges faced by individuals in the country.
The Nigerian Association of Road Transport Owners (NARTO) has called off its planned nationwide strike following a crucial meeting with the Federal Government and stakeholders. The decision comes as a response to the suspension of operations by tanker drivers amid the economic challenges in the...
Guinea's military junta, which seized power through a coup in September 2021, has officially dissolved the government. The announcement, delivered via a presidential decree read on state TV by Brig Gen Amara Camara, the presidency's Secretary General, provided no insights into the rationale...
Vice President Kashim Shettima accused politicians who lost in the 2023 general election of orchestrating a plot to destabilize Nigeria. Shettima claimed that intercepted trucks smuggling food out of the country were part of a scheme to trigger food price hikes and plunge the nation into...
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