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CBN monitors 6,047 BVNs over suspected fraudulent transactions
At least 6,047 Bank Verification Numbers of bank customers have been placed under the Central Bank of Nigeria watch list for fraudulent transactions, The PUNCH has learnt. This was…
No Foreign Airline Can Survive The Circumstances We Operate – AON VP Onyema
Mr Allen Onyema, the chairman/CEO of Air Peace, Nigeria’s largest airline, who is also the vice-president of the Airline Operators of Nigeria (AON), in this interview describes airline…
More Hardship For Nigerians As FG Increases Third Party Vehicle Insurance To N15,000
Effective from January 1st, 2023, Nigerian vehicle…
CBN: Emefiele relying on voodoo economics, sack him – Buhari told
President Muhammadu Buhari has been…
Shell agrees to pay €15m settlement for oil spills in Niger Delta
Shell Petroleum Development Company (SPDC) says it will pay €15…
Naira redesign: Printed number of notes unknown – Emefiele’s representative
…’500 million mints ordered’ The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has told the House of Representatives that she does not know how many notes…
Prices of foodstuffs soars by 70% as Christmas approaches
The prices of foodstuffs particularly rice, tomatoes, cooking oil, crayfish and chicken have continued to soar beyond reach of the masses in Enugu metropolis markets, two days to Christmas. A market…
CBN surrenders, reviews weekly cash withdrawal limits
The Central Bank of Nigeria (CBN) has announced an upward review of weekly cash withdrawal limits to N500, 000 and N5 million for individuals and corporate accounts respectively. The apex bank…
I’m Attending To Health Issues Abroad – Emefiele Writes Reps
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has written to the House of Representatives, explaining why he will not be able to honour the invitation sent to him in person. The…
BREAKING: CBN increases weekly cash withdrawal limit for individuals to N500k
The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.…
Auditing Artificial Intelligence: A Crucial Safeguard Against Misuse
Olusegun Ojo writes; In the realm of technology, artificial intelligence (AI) stands as both a beacon of innovation and a potential double-edged sword. As AI technologies continue to evolve and permeate various industries, concerns…
I’ll quit as Twitter CEO once I find someone foolish enough to replace me – Elon Musk
Elon Musk has said he will resign as Twitter’s chief executive officer when he finds someone “foolish enough to take the job”. The billionaire promised earlier to abide by the result of a Twitter…
Six Ways To Identify Fake Naira Notes
Since the Central Bank of Nigeria (CBN) released the redesigned naira notes in the denominations of N200, N500 and N1,000, fake notes of the new N1,000 notes have been reported to be…
Amazon loses $1 trillion in market value
Amazon lost a trillion dollars in market value this year as a combination of rising inflation, tightening monetary policy, and poor earnings updates prompted an unprecedented selloff in the…
N89tn stamp duty: Reps not backing Kazaure – Gbajabiamila
The Speaker, House of Representatives, Femi Gbajabiamila, on Tuesday, distanced the House of Representatives from the ongoing stamp duty charge saga fronted by its member representing the…
Again, Emefiele Shuns Reps Summon Over Cash Withdrawal Limits
The Governor of the Central Bank of Nigeria, Godwin Emefiele, failed to appear before the House of Representatives on Tuesday. This was the second time the CBN governor had failed to honor…
$547m generated from 5G auction – Buhari
President Muhammadu Buhari has said auctioning of the 5G spectrum alone generated $547 million, further fueling options for funding development. The President said this on Tuesday in Abuja…
See First Pictures Of King Charles Banknotes Unveiled By Bank Of England
The new look of banknotes featuring the image of King Charles has been unveiled by the Bank of England. The portrait will be the only change to existing designs of £5, £10, £20 and £50…
Apapa ports upgrade: Ship owners want Ajegunle residents relocated
The President of the Ship…
Nigeria misses OPEC quota as oil production shortfall hits 6.9m bpd in 11 months
Nigeria recorded a shortfall in crude oil production totalling 6.9 million…
DMO Raises N615.557bn Sukuk Debt In 4 years
In four years covering September 2017 to December 2021, Nigeria’s Debt Management Office (DMO)…
Twitter users vote in favour of Musk resigning
Twitter users have voted in favour of Elon Musk stepping down as the platform’s chief executive after the billionaire ran a poll on his future. A total of 57.5% voted “yes” after Musk asked his 122 million…