CBN Imposes ₦6.9 Fee On USSD Transactions
The Central Bank of Nigeria (CBN) has imposed ₦6.98 service charge on Nigerians for all USSD transactions. In a statement…
Business
Continue reading
UBA Records Higher Profit In Pandemic Year
United Bank for Africa Plc (UBA) has posted a buoyant trading result in 2020 despite the COVID-19 pandemic, growing profit,…
Access Bank Unveils Digital Payment Service For SMEs
In the bid to facilitate payments between SMEs and their retail customers, Access bank Plc has unveiled SWIFTPAY. The solution…
CBN to revive oil palm sector, stop importation – Emefiele
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has reiterated the apex bank’s commitment to reviving the…
Cryptocurrency Has No Place In Our Monetary System – CBN Governor, Emefiele Tells Senate
The Central Bank of Nigeria is maintaining its stand on the ban on Cryptocurrency. The governor of the apex bank,…
Cryptocurrency Ban: Emefiele Honours NASS Invitation
Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has honoured the invitation of the Senate over the…
We Are Going Through Hell In America”- Actress, Bukky Wright Laments
Nollywood actress Bukky Wright has lamented about the current hardships she is facing in America with no electricity and water….
Investors Kick Against Concession Of Lagos Trade Fair Complex
The body for the 61 investors that secured different development lease agreements from the Federal Government through the Ministry of…
Nigeria’s Economy Exits Recession As GDP Grows By 0.11%
Nigeria’s Gross Domestic Product (GDP) grew by 0.11% (year-on-year) in real terms in the fourth quarter of 2020, representing the…
IMF Backs CBN Ban On Cryptocurrency In Nigeria
The International Monetary Fund (IMF) has thrown its weight behind the Central Bank of Nigeria (CBN) two weeks after the…
Jeff Bezos Overtakes Elon Musk To Become World Richest Man Again
Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s six-week reign atop the list. Musk lost…
Stock Market Sheds N40bn As 20 Firms Record Losses
The nation’s stock market finished lower on Tuesday as 20 firms saw their share prices decline at the end of…
Access Bank Rolls Out Mega Incentives For Customers
Access Bank Plc has unveiled series of offers for its customers. The campaign which is tagged “It’s a Love Thing,”…
Nigeria Inflation Hits 16.47%
Nigeria’s headline inflation rose to 16.47 per cent in January 2021, the National Bureau of Statistics said on Tuesday. Buoyed…
Ngozi Okonjo-Iweala Now The new DG Of WTO
Ngozi Okonjo-Iweala has been appointed the new Director General of the World Trade Organization, becoming the first woman to ever…
Jack Dorsey And Jay Z Fund Bitcoin Development In Africa And India
Twitter founder, Jack Dorsey, has announced that he and rap mogul, Jay-Z, are creating a fund devoted to making bitcoin…
LVMH, Rihanna To Pause Fenty Fashion Venture, To Focus On Cosmetics
Louis Vuitton owner, LVMH, and music star, Rihanna, have agreed to close her fashion line, Fenty, less than two years…
Why We regulate Crypto Assets, Others- SEC
The Securities and Exchange Commission has said it decided to provide regulatory certainty within the digital asset space last year…
Crude Oil Price Rises Above $61
The international oil benchmark, Brent crude, rose further on Tuesday, trading above $61 per barrel. Brent had hit the $60…
Why Cryptocurrencies Trading Must Be Discouraged – CBN Reveals
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex…