Business

The Central Bank of Nigeria (CBN) has raised the alarm over the increasing transaction volumes of Non-Bank Financial Institutions (NBFIs) and Other Financial Institutions (OFIs) which he said posed major financial…

The National Bureau of Statistics (NBS) says two states and the Federal Capital Territory (FCT) contributed to the country’s capital importation in the first quarter (Q1) of 2024. In a report on Monday titled…

The naira ended a five-day depreciation streak on Monday at the parallel section of the foreign exchange (FX) market. Nigeria’s local currency appreciated by 0.98 percent or N15 to N1,510/$ — from the N1,525/$…

Guaranty Trust Holding Company Plc (“GTCO” or “the Group”) has announced dates for the 2024 GTCO Autism Program and follow-up consultations. This…

Okay, let's bust some pension myths and inject some fun into your future financial planning! Myth #1 - Pensions are only for older…

Indians in diaspora sent a record $120 billion back home in 2023, surpassing the $100 billion mark for the second consecutive year. This amount is nearly double the combined total of net foreign investments—both…

The Nigeria Deposit Insurance Corporation (NDIC) says account names discrepancies in Bank Verification…

The Nigerian Economic Summit Group (NESG) has backed the recent decision of the Central Bank of Nigeria to discontinue the Price Verification System (PVS) for foreign exchange transactions, saying it will remove…

…Experts warn on harmful concoctions As prices of fresh tomatoes and pepperskyrocket, many Nigerian households have devised means to cope with the situation. Nutrition experts have however, advised on the…

The Central Bank of Nigeria (CBN) has issued fresh guidelines on foreign currency deposits by deposit money banks (DMBs). CBN made this known in a circular signed by Solaja Olayemi, its acting director of the currency…

President Bola Tinubu has signed an executive order to introduce zero tariffs, excise duties and value added tax (VAT) on imported pharmaceutical inputs. In a statement on Friday, Muhammad Ali Pate, coordinating…

• Blame NNPCL for Dangote Refinery’s woes, expert says• Group urges Tinubu to protect facility from saboteurs  Crude Oil Refineries Association of Nigeria (CORAN) has backed Dangote Oil Refinery and Petrochemicals…

Shares of Trump Media, the owner of social networking site Truth Social, jumped 5% at the opening bell Friday after the first…

The Supreme Court has affirmed the conviction of the former Managing Director of Bank PHB Plc, Mr Francis Atuche, for N25.7 billion fraud. The apex court, in a unanimous decision, held that Atuche, the Appellant,…

The total secondary market turnover on FMDQ Exchange was N41.69trillion in May, representing month-on-month (MoM) increase of 51.62percent (N14.19trillion) and year-on-year (YoY) increase of 164.26percent…

The Central Bank of Nigeria (CBN) has said it is working on a new regulation aimed at improving the level of compliance and corporate governance practice by fintechs in the country.  The Deputy Governor of…

Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level since March 2024. This information comes from the Central Bank’s external reserve position as of June 26, 2024.…

Bismarck Rewane, chief executive officer of Financial Derivatives, says the discontinuation of the price verification system (PVS) portal shows that the Central Bank of Nigeria (CBN) has achieved its purpose. …

The Federal Government, on Thursday, met with transporters and stakeholders in the transportation sector in a bid to accelerate the adoption of Compressed Natural Gas and reduce the use of Premium Motor Spirit, popularly…

The Federal Government through the Central Bank of Nigeria has raised a total sum of N284.26bn in the latest Nigerian Treasury Bills auction. This was as its T-Bills debts soared to N10.4tn between December 2023…

Remittance flows to Nigeria fell by 2.9 per cent to $19.5 billion in 2023, according to the World Bank’s latest Migration and Development brief.…

The Central Bank of Nigeria (CBN) has informed it will enforce stringent criteria for its ongoing bank recapitalisation programme. It said the strict criteria will be applied for new investors to enhance…

A Federal High Court sitting in Lagos will, on October 21, resume proceedings in an alleged debt dispute between Anchorage Leisures Ltd & two others versus Ecobank Nigeria Ltd. Justice Yellin Bogoro fixed the…

Fintech firm, PalmPay, yesterday warned its Point of Sale (PoS) operators against getting their accounts frozen over their failure to comply with the directive of the Corporate Affairs Commission (CAC) to…