Bitcoin's volatile week-long slide saw it tumble to below the $40,000 mark on Wednesday as news of further restrictions on cryptocurrency transactions in China added to earlier concerns sparked by Tesla boss Elon Musk's tweets.

...Tasks Stakeholders on Food Security

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has faulted claims in certain quarters suggesting that the Bank’s targeted interventions in the agricultural sector are tilted in favour of a certain section of the country.

The Nigerian House of Representatives has said it is set to legalise the use of Cannabis plant, popularly known as Indian Hemp, in the country for economic benefits.

The Nigerian National Petroleum Corporation (NNPC) is yet to take a position on new price of petrol as it awaits outcome of Federal Government’s discussion with Labour on fuel subsidy, the Nation reports. 

 The Central Bank of Nigeria CBN has removed the N379/$1 official rate from its website, a development which suggests gradual harmonisation of exchange rates and tactical devaluation of the naira.

President Muhammadu Buhari will on Sunday, depart Abuja for Paris, France.

Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones and have called on the board of Nigeria Export Processing Zones Authority(NEPZA) to summon a stakeholders’ meeting.

The Nigerian naira fell to a record low on the official market yesterday, with lenders quoting it 7.7% weaker against the dollar, following a currency devaluation aimed at unifying multiple exchange rates.