Business

Mobile money Cartel, the Association of Licensed Mobile Payments Operators (ALMPO) is appealing to the Central Bank of Nigeria (CBN) to change its policy directive on payment of diaspora remittances. The members…

A Nigerian firm, First Exploration and Production (First E&P), has struck oil from an oilfield it acquired following the divestment of Chevron Nigeria Limited (CNL). Chevron had in 2015…

The inability to meet market demand for cement coupled with low production volume by major cement companies in Nigeria have driven prices up by 35 per cent. An investigation…

The Central Bank of Nigeria (CBN) has announced the revocation of operating licences of seven payment service providers (PSP), and one switch operator. The apex bank, in an official gazette of the federal republic of Nigeria,…

The Nigerian Stock Nigerian (NSE) market capitalisation, which is the total value of all listed equities, has hit the N20 trillion mark. TheCable had reported how Santa Claus Rally pushed the market to record new highs last…

Barbadian singer and businesswoman, Robyn Rihanna Fenty is reportedly facing a lawsuit after a pair of German artists claimed one of their tracks was used in a Fenty advertisement without their permission. According…

Most Nigerian consumers are not likely to purchase expensive or luxury items in the next 12 months. The Central Bank Of Nigeria made this known in its Consumer Expectations Survey…

Not many can beat her professional pedigree. Nneka Onyeali-Ikpe has served as an Executive Director at two different banks- first at the erstwhile Enterprise Bank (now Heritage Bank) and later,…

The Central Bank of Nigeria has debited 23 financial institutions N349.72bn in Cash Reserve Requirement. These debits occurred towards the end of last week, as the apex bank intensified its effort in mopping liquidity…

The Nigerian Investment Promotion Commission (NIPC) says investment in Nigeria rose to $3.95 billion in the third quarter of 2020 (Q3 2020), as Kogi state emerged top destination of investment in the country with $1 billion (25…

The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Specifically, the market capitalisation rose by…

Major UK and EU stocks plummeted on Monday to a nearly three-week low amid the new lockdown measures, prompted by the spread of the new mutated COVID-19. The new COVID-19 mutant, which spreads 70 percent faster, has…

Nigerian banks are migrating in the New Year, into brand new cheque standards, on the order of the Central Bank of Nigeria. From 1 January 2021, the old cheques will expire,…

The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The Nigeria Deposit…

Ryan Kaji, a nine-year-old boy from Texas in the United States, has emerged the highest-paid YouTuber of 2020, according to Forbes. The list, released on Friday, showed that the talented kid raked in an estimated $29.5…

The Nigerian Shippers’ Council has said it would seek the suspension of demurrage on behalf of shippers. In a statement signed by Rekiya Zubair, Head Public Relations of NSC, the state of the roads informed the…

The  Consul General of Nigeria to South Africa, Abdulmalik Ahmed, has said that Nigeria’s yearly exports to South Africa now exceed $3.8bn. Speaking at a press conference which took place on Friday in…

The Central Bank of Nigeria has directed the Deposit Money Banks to close all naira accounts of International Money Transfer Operators. It disclosed this on Friday in a…

During the police brutality protests in Nigeria in October, bitcoin saved the day when the government shut out protesters from using local payment platforms for…

The Central Bank of Nigeria (CBN) has directed switches and processors to immediately cease all local currency transfers in respect to foreign remittances to through International…

The Central Bank of Nigeria (CBN) has alerted the public on the activities of two unauthorised International Money Transfer Operators (IMTOs), Transferwise and Messrs Azimo.…

This year has been all sort of things for everyone, but it obviously didn’t stop Kylie Jenner from making loads of cash, as she was named the highest paid celeb for the year 2020. The reality star, Instagram…

In an effort to provide cleaner and safer energy alternatives for its customers, Enyo Retail and Supply, has commenced its Liquefied Petroleum Gas (LPG) expansion agenda aimed at boosting the usage of gas in Nigeria.…

The total value of transactions through electronic payment channels increased by N56.21 trillion in the third quarter (Q3) to stand at N319.99 trillion from N263.78 trillion in second quarter (Q2 2020). This…