Business
CBN to Monitor Weekly Cryptocurrency Transactions After Suspending Binance Services
The Central Bank of Nigeria (CBN) has announced its intention to monitor weekly cryptocurrency transactions following the suspension of Binance services.
This move aims to ensure compliance with existing financial regulations and to prevent illegal activities associated with digital currencies.
The CBN’s decision underscores the increasing scrutiny on cryptocurrency operations in Nigeria.
This development follows previous regulatory actions targeting the crypto sector, reflecting the CBN’s commitment to maintaining the integrity of the financial system.
Business
FAAN Breaks Silence on Claims Over Uber’s Departure From Nigeria
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
Business
FG Empowers 500 Women and Youths With Agricultural Skills In Ogun State
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
Business
Fuel Prices Continue to Drop Across Some Nigerian Filling Stations
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
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