CBN’s Suspension Of FX Supply To BDCS Boosts Banks’ Income
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six…
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Mele Kyari: Dangote Refinery, Others To Drive Fuel Supply
The 650,000 barrels per day (bpd) Dangote Petroleum Refinery, Nigerian National Petroleum Corporation (NNPC) as well as other modular refineries…
Scramble For First Bank Shares Continues
The shares of First Bank Holdings of Nigeria (FBHN) remained the most keenly contested shares among investors on Thursday with…
No FX For Barite As FG To Ban Import
The Federal Government will soon place a ban on further importation of barite, a move that would save $300 million…
Stitch, South Africa-Based Fintech Firm, Expands To Nigeria After Raising $2m Funding
South Africa-based application programming interface (API) fintech company, Stitch announced plans to expand to Nigeria after raising a $2 million…
Currency Swap: Nigerian Banks To Begin Operation In China – Envoy
The Chinese Ambassador to Nigeria, Cui Jianchun, said Nigerian banks would soon start operations in China to facilitate trade and…
FIRS To Go After Tax Evaders In Maritime, Aviation Sectors
The Federal Inland Revenue Service (FIRS) has said it will soon commence a back-end tax audit on operators in the…
Samsung Heir Lee Jae-Yong Fined $60,000 For Drug Use
A court in Seoul on Tuesday handed down a fine of 60,000 dollars (70 million won) against Samsung Group heir…
CBN Rolls Out ENaira App, Merchant Wallets
The Central Bank of Nigeria (CBN) has rolled out eNaira, the country’s first digital currency. The digital currency has two…
We’re Unaware Of Otedola’s Share Acquisitions – FBN Holdings
FBN Holdings Plc has reacted to media reports that billionaire businessman, Mr Femi Otedola, has acquired a significant shareholding in…
Femi Otedola Becomes First Banks’s Largest Shareholder, To Takeover
Exclusive! Femi Otedola takes over First Bank as largest shareholder with N30bn From having a humongous loan portfolio of N192…
TRUTH Social: Donald Trump Launches His Own Social Media Platform
Former U.S. President Donald Trump announced Wednesday he will launch his own social media platform, TRUTH Social, according to a…
Bamise Ajetunmobi & Wife Elizabeth Accused Of Fleeing With ₦22Bn Investors Money
The Managing Director of Imagine Global Solution Limited Mr Bamise Samson Ajetunmobi his wife Elizabeth Ajetunmobi have allegedly absconded with…
Fuel Subsidy Costs ₦816bn In Seven Months
The Nigerian National Petroleum Corporation (NNPC) in the last seven months spent over N816billion in subsidising the cost of Petroleum…
Banks Get Deadline On Dead Customers’ BVN
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to report Bank Verification Number (BVN) of…
How We Will Repay Railway Loan – NRC MD
The Managing Director of the Nigerian Railway Corporation (NRC), Engr Fidet Okhiria, says the corporation will continue to run the…
FIRS Generated N4.2 Trillion In First Nine Months Of 2021 – Nami
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in…
Alibaba Founder Jack Ma Resurfaces In Hong Kong
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late…
CBN Seeks To Bar BVN Violators From Banking Services
The Central Bank of Nigeria (CBN) has issued a revised regulatory framework for bank verification number (BVN) operations and watchlist…
MTN Nigeria Offer ₦90 Billion Bond For Sale
MTN Nigeria is offering N90 billion worth of bonds with 10 years maturity for sale to investors after obtaining regulatory…