Nigerians left in shock as CBN, FG clamp down on crypto market

A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry Following the classification of cryptocurrency trading as a national security issue by Nigeria’s National Security Adviser (NSA), at least four fintech startups operating in the country—Opay, Moniepoint, Paga, and Palmpay—will block the accounts of customers engaging in […] More

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Nigeria spent 111.8% of revenue on debt servicing before Tinubu emerged president – Shettima 

Nigeria spent 111.8% of revenue on debt servicing before Tinubu emerged president – Shettima 

The Vice President of Nigeria, Kashim Shettima, has said that President Bola Tinubu had to make the difficult decision to remove petrol subsidy because he inherited an economy in poor condition with a debt service-to-revenue ratio of 111.8%.  This is contained in a statement by the Special Adviser to Vice President, Stanley Nkwocha, in Abuja […] More

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