Business

Dangote…

MTN Nigeria has reported its highest profit after tax deductions in five years amounting to N359 billion in 2022, a 20.2 percent increase from N299 billion in 2021, on the back of accelerated network investment…

The Peoples Democratic Party presidential candidate, Atiku Abubakar, on Wednesday, asked the Central Bank of Nigeria not to grant a further extension after February 10 deadline for naira swap. This, he said,…

The Central Bank of Nigeria (CBN) has uncovered N4 million of the newly introduced naira notes mismanaged by a commercial bank in Ogun State. The apex bank vowed to sanction the bank and any other found…

An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week. The downgraded banks include: Access Bank Plc, Zenith…

FOR IMMEDIATE RELEASE Tuesday, January 31, 2023 U.S. Promoter of Foreign Cryptocurrency Companies Sentenced to 60 Months in Prison for His Role in Multi-Million Dollar Securities Fraud Scheme…

The Lagos State House of Assembly has described the Central Bank of Nigeria’s (CBN) cashless policy as ill-timed, obnoxious and anti-people. According to the lawmakers, the naira redesign policy of the…

Tension over scarcity of cash has worsened across the country,…

…says old notes not legal tender after deadline but’ll still be accepted by CBN only…uncovers mismanagement of N4m by commercial bank in Ogun The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin…

Femi Fani-Kayode, the Director of New Media for the APC presidential campaign council, has once again brought down the hammer on Godwin Emefiele. In a statement issued on Tuesday morning, Fani-Kayode described…

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele says he is disappointed with the way things, noting that new naira notes are being used at parties. He said this showed that commercial banks had…

The Nigerian National Petroleum Company (NNPC) Limited says it has taken over Addax Petroleum’s production sharing contract (PSC) assets. Addax is owned by Sinopec, a state-owned Chinese firm. Mele Kyari, group…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN),…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), is currently before the house of representatives ad hoc committee on the currency redesign and naira swap policy. The CBN governor had…

The Central Bank of Nigeria (CBN) in Bauchi says it allocates N30 million new naira notes daily to each branch of commercial banks in the state to increase customers’ access to the new notes. CBN…

Unless the Monetary Policy Committee (MPC) makes a U-turn on its…

Starlink, a satellite internet service owned by Elon Musk, is now…

As Nigeria continues to exist without a law guiding the automotive sector to attract investors and enable citizens to purchase new cars with ease and affordable prices, data from the National Bureau of…

This newly commissioned Imota Rice…

The Nigeria Data Protection Bureau has opened an investigation into allegations of data breach by two Nigeria Banks.  A statement by the Bureau on Monday said the investigations were triggered by…

Nigeria’s Eurobonds fell on Monday after Moody’s, the international rating agency, downgraded the country’s long-term foreign currency and local-currency issuer ratings on low revenue and high debt…

Vice President Yemi Osinbajo says the cashless policy in Nigeria curb illicit election financing by making it possible to track funds when effectively operated. He stated this on Monday at the…

The Board of Directors of the United Bank for Africa Plc, Africa’s global…

Despite the extension of the deadline by the Central Bank of Nigeria on Sunday, scarcity of the new naira notes worsened yesterday as Nigerians were unable to get cash from counters in banks in many parts…