To boost the Naira against the Dollar in the foreign exchange market, the Nigerian government is planning to implement stricter regulations on cryptocurrency platforms. An upcoming meeting between the Director General of Nigeria Securities and Exchange, Emotomtimi Agama, and both local and international crypto exchanges is on the agenda. In a statement, Lucky Uwakwe, the chair of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), disclosed this development. This move for new regulations is a direct result of the Nigerian government's lifting of the cryptocurrency suspension in December 2023. Uwakwe emphasized the importance of everyone's participation and insights as they navigate the regulatory landscape and work towards creating an environment favorable for innovation...

In a recent development, petroleum marketers have announced that the Nigerian National Petroleum Company Limited (NNPCL) has initiated the opening of its reserves nationwide with the aim of putting an end to the prevailing fuel scarcity crisis. Following a meeting with NNPCL, the National President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, and the representative from the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Hilly-Harry, released separate statements disclosing this crucial step. Fashola mentioned that member representatives will convene on Monday to collaborate with NNPCL in resolving the fuel scarcity issue, emphasizing that there is no need for consumers to resort to panic buying as the product will soon be readily...