SECTOR INSIGHT

The largest cryptocurrency exchange, Binance, stated that it restricted 281 accounts belonging to Nigerians in 2022 due to money laundering concerns. The exchange said it also collaborated with the Federal Government to protect users from illicit activity. This information was disclosed in a statement…

The World Trade Organisation says Nigeria has lost its leading position in the agriculture export markets because its agricultural commodities do not meet the sanitary and phytosanitary requirements of the foreign markets. According to WTO, despite the abundance of arable lands and increased…

The Registrar General Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji disclosed on Tuesday, March 12, that there is a need to have a reliable framework to regulate the activities of registered entities in the country. Magaji disclosed this at a one-day familiarisation…

Goldman Sachs analysts Andrew Matheny and Bojosi Morule have projected a significant appreciation of the exchange rate to N1,200/$ in 12 months. This amounts to a massive recovery from its perceived undervalued state.   This forecast hinges on Nigeria’s transition away from…

The value of Nigeria’s total trade rose to N71.88 trillion in 2023, a 37.2 percent from N52.38 trillion in 2022, according to a new Foreign Trade report on Thursday. The National Bureau of Statistics (NBS) report shows exports grew marginally to N35.96 trillion,…