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Elon Musk Plans To Close Twitter Deal By Friday – Report
Elon Musk has notified co-investors who…
Sowore Tackles CBN Governor Emefiele Over New Naira Notes, Demands Removal
The African Action Congress presidential candidate Omoyele…
Court Restrains Kogi Govt From Shutting Down Dangote Cement
The Federal High Court sitting in Abuja, on…
Decision to redesign naira positive for economy – Experts
Some financial experts have commended the Central Bank of Nigeria (CBN) for its decision to redesign the naira, saying that it would have positive effect on the economy. The experts spoke in…
EFCC Hails CBN, Moves to Clampdown on Currency Hoarders
The Economic and Financial Crimes Commission, EFCC, has…
BREAKING: CBN Redesigns Three Naira Notes
The Central Bank of Nigeria Governor, Godwin Emefiele has said the apex bank will redesign three naira notes. He said the bank had obtained approval from President Mohammadu Buhari to…
Court orders banks not to release funds to Chinmark Group over alleged N20 billion scam
On Tuesday, Justice Kudirat Jose of the Lagos State High Court in Osborne ordered commercial banks in Nigeria not to release funds to Chinmark Group and three others. The judge gave the…
CBN issues exposure draft on guidelines for contactless payments in Nigeria
The Central Bank of Nigeria (CBN) has published an exposure draft for its guidelines for contactless payment providers in Nigeria. The apex bank disclosed this in a circular titled …
Kanye West ‘No Longer a Billionaire’ as Net Worth Drops to $400M After Adidas Deal Termination,…
The artist formerly known as Kanye West is “no longer a billionaire,” per…
UBA’s Earnings Grow N608bn, As Profit Rises 12.3% In 9-Months
United Bank for Africa (UBA)…
Union warns new owners of Polaris Bank against staff retrenchment
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secured. The…
Nigeria’s rice import falls by 98.4% to 15 metric tonnes in 7 months
Nigeria’s rice imports from the Thai Rice Exporters Association (TREA), one of the largest rice exporters in the world, fell by 98.4% to 15 metric tonnes between January and July 2022, as…
Telecommunications has contributed $70b to Nigeria’s economy- Danbatta
Technology-driven telecommunications industry, according to Executive Vice Chairman (EVC) of Nigeria Communications Commission (NCC), Prof. Umar Danbatta, has contributed $70 billion to the nation’s…
DMO to add N20 trillion ‘Ways and Means’ loans to public debt stock
The Debt Management Office (DMO), says it will add the Central Bank of Nigeria (CBN)’s N20 trillion “Ways and Means’’ loans to the Federal Government’s total debt stock. The…
Dangote asks FG to jail sellers of prohibited foreign textiles
Aliko Dangote, president and chief executive officer (CEO), Dangote Group, has called for a law that will ensure all dealers of prohibited foreign textile materials are jailed with no…
Twitter to lay off nearly three-quarters of staff
Massive layoffs appear to be on the horizon at Twitter, especially if billionaire Elon Musk completes his $44 billion purchase of the company, the Washington Post reported on Thursday. While…
NCC to issue two more 5G licences at $273.6m each
The Nigerian Communications Commission (NCC) says it is offering two slots in the 3.5 gigahertz (GHz) spectrum band for the deployment of the fifth generation (5G) network in the country.…