Business

As 2023 draws to a close, stock investors are among the biggest gainers from the reforms implemented by the President Bola Tinubu administration with the market value rising by over N11.6 trillion. The Nigerian…

The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) is deeply saddened to announce the passing…

LAPO Microfinance Bank Limited, a leading microfinance institution in Africa, has disbursed a cumulative of N1.4 trillion micro credits to low income earners across the country, helping to energize and stimulate the…

Point of Sale (PoS) operators who have had to resort to buying cash from traders have said their businesses are already shrinking due to…

MTN Nigeria Communications Plc, has announced the completion of its series 10 commercial paper issuance under an upsized N250 billion commercial paper…

The National Bureau of Statistics (NBS) released Nigeria’s monthly Consumer Price Index (CPI) report for Nigeria last week Friday, revealing a headline inflation rate of 28.2% for November 2023. This according to…

Lagos State Governor Babajide Sanwo-Olu, on Sunday, launched a fresh palliative scheme for low-income traders across local markets in the State, as part of measures being taken to cushion the effect of the current economic…

An international anti-corruption conference hosted by the United Nations Office on Drugs and Crime (UNODC) concluded this week, sounding the alarm about a surge in illegal betting that fuels match-fixing and threatens…

A combination of insider abuse in banks and hoarding by customers has been identified as the cause of the scarcity of cash in the country ahead of the festive season. Although the Central Bank of Nigeria (CBN) has…

I n line with its custom of rewarding loyalty especially during the yuletide season, Africa’s Global Bank – United Bank for Africa (UBA) Plc- has rewarded…

As the yuletide approaches, air passengers are facing increasing discomfort over the high cost of tickets. Daily Trust on Sundayreports that a one-way flight ticket costs up to N200,000, depending on the route.…

The Nigeria Deposit Insurance Corporation (NDIC) says it has paid an insured sum of over N1.7bn to over 22,000 bank customers, following the revocation of licenses of some Microfinance Banks (MFBs) and four Primary…

Banks are facing serious losses on the debt as social media platform’s business deteriorates  Elon Musk has told some of the…

Lionel Messi’s set of six match-worn shirts during Argentina’s historic 2022 World Cup campaign in Qatar was sold for $7.8 million, making the collection the most valuable…

President Bola Tinubu has assured foreign investors of diligent and predictable fund repatriation and the streamlining of the tax system. He also urged new foreign ambassadors to prioritise the exploration of new frontiers…

A whooping sum of £2.5billion from Roman Abramovich’s sale of Chelsea meant as a relief fund for victims of the Ukraine war has been frozen by the UK government 18…

Herbert Wigwe, one of Nigeria’s most influential banking executives and the group managing director of Access Holdings, has witnessed a…

The Central Bank of Nigeria (CBN) says the rising inflation and exchange rates will decline in 2024. The apex bank also projected less revenue from oil exports in the coming year. CBN Governor Olayemi Cardoso stated these on…

The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian Foreign Exchange Market…

The Central Bank of Nigeria has issued a directive to all licensed financial institutions to display their corporate names conspicuously on all their websites, portals, and online applications. This directive was made…

The Central Bank of Nigeria has assured Nigerians that it has enough cash in circulation. This assurance is coming amid cash scarcity being experienced in some parts of the country. The CBN had earlier attributed the…

Grammy Award-winner Beyoncé Knowles is set to join the esteemed billionaire echelons as her net worth scales new heights, currently estimated at a staggering $800 million by Forbes.   Earlier in June, Beyoncé secured…

The World Bank said on Wednesday that the Nigerian National Petroleum Corporation (NNPC), widely accused of being the most opaque oil company globally, needs to be transparent as the government drives reforms to achieve…

The Central Bank of Nigeria (CBN) has suspended accepting new loan applications under its existing Development Finance Intervention Programme. The move, outlined in a circular titled “Suspension of Acceptance of New…