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The Nigerian government has hit Binance, a cryptocurrency platform, with a $10 billion fine over foreign exchange infractions, saying it is illegal to fix FX rates.
More than 85 million bank accounts risk shut down starting March 1, 2024, following the directives by the Central Bank of Nigeria for customers to update accounts.
Aba Power Limited, a subsidiary of Geometric Power Plant, is billed to commence 24-hour power supply to about 9 out of 17 local government areas in Abia State.
The Nigerian Senate is seeking to increase the capital base of commercial banks in Nigeria to N1 trillion following the crash of the naira against the dollar.
A Federal High Court in Lagos has barred telecommunication companies and the Nigerian government from blocking, barring or deactivating lines without NIN