Business

Business news today

808 Articles
CBEX Crash: Expert Warns Investors of Low Chances of Recovering Lost Funds | Daily Report Nigeria
Business

CBEX Crash: Expert Warns Investors of Low Chances of Recovering Lost Funds

The digital asset platform CBEX has reportedly crashed, wiping out over ₦1.3 trillion from thousands of Nigerian investors. A crypto security expert has...

World Bank Blacklists 18 Nigerian Firms, Individuals for Corrupt Practices | Daily Report Nigeria
Business

World Bank Clarifies $10.50m Funding to CBN as Grant, Not Loan

The World Bank has clarified that the $10.50 million funding for the Central Bank of Nigeria (CBN) is a grant, not a loan,...

Nigeria Spends N11.8bn on Apple Imports as Fruit Prices Soar | Daily Report Nigeria
Business

Nigeria Spends N11.8bn on Apple Imports as Fruit Prices Soar

Nigeria imported N11.8 billion worth of apples in the last quarter of 2024. The fruit prices continuing to rise, making them unaffordable for...

CBN Speaks on Plans to Revoke Licenses of Fidelity, Wema, Polaris, Unity Banks
Business

CBN Injects $197.71 Million into FX Market to Boost Liquidity

CBN has injected $197.71 million into the foreign exchange market to ensure liquidity and stability. The move aims to support a stable, transparent,...

Nigeria’s Public Debt Soars to N144.67 Trillion in 2024 | Daily Report Nigeria
Business

Nigeria’s Public Debt Soars to N144.67 Trillion in 2024

Nigeria’s total public debt hits N144.67 trillion ($94.23 billion) as of December 31, 2024. The debt increase is attributed to significant rises in...

IMF Endorses Nigeria's Single Window Trade Project | Daily Report Nigeria
Business

IMF Endorses Nigeria’s Single Window Trade Project

IMF has expressed support for Nigeria’s Single Window Trade Project, aimed at streamlining trade processes and increasing government revenue. The project, which has...

CBN Reacts to Naira Devaluation
Business

CBN Denies Introducing N5,000, N10,000 Banknotes

CBN has denied introducing new N5,000 and N10,000 notes, labeling the reports as false. The reports had claimed that the CBN was set...

Naira to Dollar Rate Today | Daily Report Nigeria
Business

Naira Appreciates Against Dollar at Official Market After Eid el-Fitr Holidays

The naira has continued to appreciate against the dollar at the official foreign exchange market. According to the Central Bank of Nigeria’s data,...