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CBN plans sanction against banks imposing ATM withdrawal limits below N20,000
The Central Bank of Nigeria (CBN) has warned that it will sanction banks that compel customers to withdraw less than N20,000 per transaction from Automated Teller…
Loan controversy: Bisi Onasanya storms court to clear name
In a determined effort to prove his innocence and clear his name, the former group managing director of First Bank, Dr. Bisi Onasanya, yesterday, appeared before Justice Chukwujekwu Aneke, at the Federal High…
Alleged N30bn fraud: Otudeko to know fate March 17 | EFCC demands ex-chairman’s presence in court
A federal high court sitting in Lagos will on March 17 deliver its ruling on the various applications challenging its jurisdiction in the charge filed against Oba Otudeko, the former chairman of First Bank…
Nigeria records N3.5trn post-harvest losses annually… reliable cold chain system needed…
The Organisation for Technology Advancement of Cold Chain in West Africa (OTACCWA) says Nigeria must prioritise cold chain infrastructure to save the country from post-harvest losses. Alexander Isong, president of…
We’ve invested $700m to end sugar importation in Nigeria – Dangote
…begins fertiliser export to US, France, others The President of Dangote Group, Aliko Dangote, has disclosed that the conglomerate has invested over $700m in sugar production, in order to end raw sugar…
Empowering Entrepreneurs through FCMB Millionaire Promo
Four lucky winners have emerged from the first draw in the ongoing FCMB Millionaire Promo season 10. They are Issa Aliyu, a…
Naira down to N1,570/$ in parallel market
The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,560 per dollar on Tuesday.But the Naira appreciated to N1,513 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data…
Coca-Cola Hints At Increased Plastic Use Amid Trump Tariffs
Coca-Cola may be compelled to expand its reliance on plastic bottles in the United States if tariffs on aluminum imports result in higher costs for aluminum cans, the company’s Chief Executive Officer, James Quincey,…
Zero Processing Fee; GTBank Removes POS Processing Fees to Support Businesses
Guaranty Trust Bank Ltd has announced the removal of processing fees on all GTBank POS terminals, reinforcing its commitment to supporting businesses with cost-effective payment solutions. This initiative, which…
Monopoly should be discouraged — Oil marketers
Oil marketers, under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, have advocated a holistic market where Nigeria-based refiners, importers, depot owners and retail…
Customs suspends 4% FOB charge on import
• Manufacturers fear for sectors’ survival, asks FG to halt 41% CISS fee • Reps ask FG to suspend telecom tariff hike…
Trudeau Says Canada Will Resist US Steel Tariffs ‘Strongly And Firmly’
Canadian Prime Minister Justin Trudeau said on Tuesday that his country will resist any US tariffs on steel, announced by President Donald Trump, that he said would hit the US’s “closest ally”. Such tariffs…
FG assumes full control of Keystone Bank
Keystone Bank has confirmed that it is now fully owned by the Federal Government of Nigeria, stating that the takeover will enhance its stability and facilitate a smooth recapitalisation process. The bank disclosed this…
Dangote refinery announces reduction in price of diesel
Dangote refinery on Tuesday announced a reduction in the price of diesel from N1,075 to N1,020 per litre. The…
HABARIPAY’S SQUAD ANNOUNCES DATES FOR TAKE ON SQUAD HACKATHON 2.0… INVITES APPLICATIONS FROM YOUNG…
HabariPay’s Squad, payment fintech subsidiary of Guaranty Trust Holding Company Plc (“GTCO” or the “Group”), today announced…
Banks mull USSD charges over new telco tariff hike
Banks in Nigeria are considering charging customers for Unstructured Supplementary Service Data (USSD) transactions after telecommunications companies…
JUST IN: CBN to implement new ATM transaction fees from March 1
The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department,…
Naira trades at highest level in 2025, nears N1,500/$ at black market
The Nigerian naira is at its strongest level in the unofficial market this year amid improved market fundamentals and ongoing reforms by the Central Bank of Nigeria. The naira buying price in the black market was…
Eko Disco customers to get free meters
Eko Electricity Distribution Company says it has commenced the distribution of free prepaid meters to Band A customers within its franchise area. The company said this is part of the continuous effort to bridge…
Dangote Peugeot begins 3008 GT assembly in Kaduna, unveils Landmark pickup
The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot…
Billionaire Femi Otedola’s brother, Rotimi sells N4.6 billion Geregu shares
Olurotimi Otedola, the founder of the Afrinero music band and the brother of Nigerian billionaire Femi Otedola, has sold shares in Geregu Power Plc worth N4.6 billion, according to a filing with the Nigerian…
CBN shifts MPC meeting to February 18, 19
The Central Bank of Nigeria has rescheduled the 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, 2025. In a statement on Monday, the apex bank said the meeting will now be held on…
Wema Bank Kicks Off 80th Anniversary Celebration with “80 Years of Spreading Love” Valentine…
Wema Bank has kicked off its 80th-anniversary celebration with the launch of its “80 Years of Spreading Love” Valentine…
Dangote Refinery Now Operates At 85% Capacity, To Reach Full Capacity In 30 Days, Says Management
The Dangote Oil Refinery, with a capacity of 650,000 barrels per day, is set to achieve full operation within the next 30 days. According to Edwin Devakumar, the refinery's head, the facility can reach 100 percent…