Business

The federal government says it is considering a regulatory forbearance for banks to restructure loans granted to oil and gas firms currently facing debt servicing challenges due to the COVID-19 pandemic. Regulatory forbearance…

The Central Bank of Nigeria (CBN) says it intervened in the foreign exchange (FX) market with sales valued at $5.62 billion in the fourth quarter (Q4) of 2020. This is an increase of 28.7 per cent from $4.37 billion…

                                            …….. Reports PBT of ₦238.1 Billion Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to…

The reported wealth of Kanye West has come under scrutiny after reports he was the wealthiest African American. Forbes has now issued a downgrade. Earlier report quoting…

America’s elite bank, Morgan Stanley has become the first major bank offering its wealthy customers access to bitcoin funds. In a report credited to CNBC, Morgan Stanley’s wealth management with about $4…

Forbes has declared American rapper, entrepreneur, Kanye West, the wealthiest African-American with a net worth of $6.6 billion. Led by his popular Yeezy brand, which has…

Gokada, the Nigeria-based last mile delivery, logistics and transportation start-up has formally unveiled Nikhil Goel as its new CEO, as it continues to evolve from a…

An Italian court has acquitted Shell and Eni of corruption charges in the $1.1 billion OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on…

The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021 that bank customers will now pay a flat fee of N6.98 for every financial transaction completed…

Following the recent release of Zenith Bank’s audited financial results for the 2020 financial year, shareholders of the bank on Tuesday at the 30th Annual General Meeting of…

The European Union has reported Nigeria to the World Trade Organisation (WTO). The complaint was about Nigeria’s policy on dairy. Director General of the WTO Dr. Ngozi…

Nigeria Inter-Bank Settlement System Plc (NIBSS) today announced the launch of the NQR payment solution; an innovative payment platform implemented on behalf of all financial service…

The Central Bank of Nigeria (CBN), Nigerian Communications Commission (NCC), telecommunication firms as well as banks are scheduled to meet in Abuja to resolve the N42billion…

Crude oil could hit $100 and top it, and this could happen before this year’s end, an American multinational independent investment bank and financial…

The government of India has proposed to ban cryptocurrencies and fine anyone trading or in possession of the virtual currency, The news agency cited an unnamed senior government official, who has direct knowledge of the…

Banks’ commission and fees are gradually going to financial technology (Fintech) firms. COLLINS NWEZE captures the steady rise and acceptance of Fintechs in the provision of financial services. A 40-year-old engineer,…

FMDQ Securities Exchange (FMDQ Exchange) has listed two ground-breaking bonds valued at N53.12 billion, paving the way for investors to trade on the…

Regardless of whether or not Apple is actually planning to launch a car, Toyota President Akio Toyoda has warned that the tech giant that building and selling cars isn’t as straight forward as…

The Naira depreciated by 1.04 per cent to N485 per dollar as the new Central Bank of Nigeria’s (CBN’s) Naira for Dollar Scheme failed to incentivise the foreign exchange (forex) market. The apex bank’s Naira…

The Association of Motor Dealers of Nigeria (AMDON) has extolled President Muhammadu Buhari and the Comptroller-General of the Nigeria Customs Service, Hameed Ali, for heeding its call for a tariff slash on imported vehicles,…

The Dangote Sugar Refinery (DSR) Plc has announced the closure of its company in Niger state over a land acquisition dispute. The company announced the development in its 2020 consolidated and…

Indian tycoon Gautam Adani has added more billions to his wealth than any one else in the world this year. The wealth gain came on the back of investor excitement around his ports-to-power…

Deposit Money Banks owe telecommunications companies N42bn for services provided by the mobile network operators through the Unstructured Supplementary…

Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out of their domiciliary accounts without proper documentation. Before now, all a customer had to…