CBN Revokes 42 Microfinance Banks’ Licences
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. This was disclosed…
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Visa, Access Bank Partner To Launch Business Debit Card For SMEs
Access Bank Plc. has been partnered by Visa to introduce a Business Debit Card targeted at SMEs in Nigeria. This…
CBN’s Policy: Access Bank Begins Dollar Payment For Fund Transfers
Leading financial institution, Access Bank Plc. has begun nationwide payout of dollars to beneficiaries of international remittances, in response to…
Canada, US Border Remain Closed Till January —Trudeau
The longest international border in the world, between Canada and the United States, will remain closed until January 21 due…
High Court Declares N50 Stamp Duty On Bank Deposits, Transfers Illegal
A Federal High Court sitting in Asaba has ruled that the N50 charge for stamp duties deducted on bank deposits…
Suspend Sale Of New SIM Cards Now – NCC Tells Telecom Operators
Nigerian communications commission has directed Telecommunication companies in the country to suspend the sales and reactivation of new SIM cards….
Arik Air Lay Off 300 Workers
ARIK Air, yesterday, declared 300 of its workers redundant as a fall out of the effects of COVID-19 on the…
Beneficiaries of remittances to collect US dollars from today
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele said beneficiaries of diaspora remittances will now be paid…
Naira Gains, Exchanges For 490/$
Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on…
Customers Rejecting Meters Should Be Disconnected, NERC Orders Discos Distributors
The Nigerian Electricity Regulatory Commission, NERC, on Wednesday, ordered power distribution companies to start disconnecting electricity consumers who reject meters….
Fire Razes Shops At Balogun Market, Lagos
Fire has razed some shops at the popular Balogun Market on Lagos Island, Lagos, Southwest Nigeria. Shops in a three-storey…
The Announcement Of COVID-19 Vaccine Led To Fuel Hike – Sylva
Minister of State for Petroleum Resource, Timipre Sylva has attributed hike in pump price of petrol to breakthrough in COVID-19…
Turkey Fines Google $25m For Online Advertising Abuse
Turkey’s competition authority on Friday fined Google 196.7 million lira (25.54 million dollars) for abusing its dominant position in the…
Access Bank Receives Its First Sustainability Certification In Africa
Access Bank has received the highest level of sustainability certificaton under the Sustainability Standards and Certification Initiative (SSCI). It was…
Lafarge, Honeywell, Dangote Sinotrucks, 34 Others Enjoy Three-Year Tax Holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as…
FG Shouldn’t Open Borders For Only Dangote, Says Peterside
The founder of Stanbic IBTC Bank Plc, Mr Atedo Peterside, has complained that only Dangote Industries Limited is allowed to…
PHED Distributes Free Prepaid Meters
The Port Harcourt Electricity Distribution Company (PHED) yesterday began the distribution of about one million prepaid meters in Akwa Ibom,…
US Jury Tells Apple To Pay $503m In Patent Case
A jury in Texas on Friday decided that Apple should pay $503 million for infringing virtual private network technology patented…
Panel To Meet Disco on Electricity Tariff
Talks between the Federal Government and Labour on electricity tariffs increase will resume next week, Minister of State for Labour…
CBN Releases Guidelines For N75b Nigeria Youth Investment Fund
The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund…