Business

The federal government Wednesday filed a preliminary objection challenging the application by Kaduna, Zamfara and Kogi states against the implementation of the February 10 currency swap deadline. In…

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to withdraw the services of its members nationwide, following attacks on some commercial banks’ premises.…

The Nigeria Governors Forum (NGF) has called on President Muhammadu Buhari to extend the timeframe for the implementation of the naira redesign policy. The NGF also demanded a review of the Central Bank…

The International Monetary Fund (IMF) has asked the Central Bank of Nigeria to consider extending the February 10 deadline for the swapping of old naira notes. The Fund in a statement on Wednesday cited…

MTN Nigeria Plc’s profit margin shrank from 20.6 percent in the first quarter to 17.7 percent in the second and further to 17.3 percent in the third quarter following the payment of N145.7 billion…

The Supreme Court on Wednesday temporarily halted the move by the federal government to ban the use of the old naira notes from February 10, 2023. A seven-member panel led by Justice John Okoro, halted the move…

With chaos spreading due to the scarcity of new naira notes,…

BUA Group has flagged off the expansion and dualisation of the 132km Kano-Kazaure-Kongolam highway. The project is in collaboration with the federal ministry of works and housing in line with the…

Video Conferencing app, Zoom, has announced plans to cut about 1,300 staff members, from the company’s total workforce. In a release published on Tuesday by Zoom’s Chief Executive Officer, Eric Yuan, it was…

In 2015 and till recently, many foreign tech investors who were visiting Nigeria wanted to see the budding Yaba tech ecosystem popularly referred to as Yabacon Valley, a…

The Central Bank of Nigeria (CBN) yesterday said it has disbursed more than a billion naira to banks in Edo State in the last three days to cushion the hardship faced by customers in accessing the…

The Association of Mobile Money and Bank Agents in Nigeria…

The Chartered Institute of Bankers of Nigeria (CIBN) said stakeholders in the banking industry are working assiduously towards ensuring that issues related to the availability of the new naira notes are…

Kano State governor, Dr. Abdullahi Umar Ganduje, has alleged that elements of the annulled June 12, 1993, presidential election are…

President Muhammadu Buhari on Tuesday met privately with the Chairman of the…

A prosecution witness, Godwin Okon has…

Ghana Revenue Authority has withdrawn its $665m tax fine against MTN Ghana. This was disclosed in a statement published on the Johannesburg Stock Exchange news service. In January, the GRA issued a…

Shell has reported adjusted earnings of $39.9bn (£32.2bn) for 2022. Energy firms have been making record profits after oil and gas prices jumped following the invasion of Ukraine. It has heaped…

The Federal Capital Territory (FCT) High Court, on Monday ordered the Central Bank of Nigeria (CBN), President Muhammadu Buhari and 27 commercial banks not to extend the February 10 deadline for the…

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA)…

The outspoken Catholic priest and Chaplain of the Adoration Chaplaincy Enugu, Southeast Nigeria, Rev Fr Ejike Mbaka, has warned that the current naira crisis will mar the forthcoming general…

The National Association of Nigeria Travel Agencies (NANTA) yesterday raised an alarm that the government’s indifference and unfair practices by foreign carriers have led to about $500 million revenue loss…

Kaduna, Kogi and Zamfara states have instituted a suit against the federal government seeking a restraining order to…

Sterling Bank…