Losses from payment channels fraud activities surge 208% in 3 months

Container imports into Nigerian ports grows 13.10% in 5 years

MTN posts N359bn profit in 2022, highest in 5 years

More pain for SMEs as CBN hikes rate to 17.5%

Poor petroleum downstream investments worsening fuel scarcity

Naira ends week with marginal loss across FX markets

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Nigeria’s oil production drops by 23% in three years

Naira seen strengthening to N680 per dollar in 2023

FTX looks for $9.4 bln in rescue funds, Bahamas freezes some assets

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder… Continue reading FTX looks for $9.4 bln in rescue funds, Bahamas freezes some assets