The Federal Government has approached the Federal High Court in Abuja to compel the cryptocurrency exchange company, Binance Holdings Limited, to pay $79.51bn and N231m for alleged economic losses caused by its operations in Nigeria. The Federal Inland Revenue Service, which is the plaintiff in the suit marked FHC/ABJ/CS/1444/2024, is also seeking payment of $2bn…
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement System. The data, which tracks monthly account statuses throughout 2024, indicates a steady rise in inactive accounts, coinciding with new regulatory measures by the Central Bank of Nigeria requiring commercial…
The Minister of State for Agriculture, Aliyu Abdullahi, says contrary to fears expressed in some quarters, Nigeria is not close to being at risk of food scarcity. He said President Bola Tinubu understands the importance of food security, prompting him to declare a state of emergency just two months after he assumed office. “What I…
