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WEMA BANK PIONEERS NIGERIA’S FIRST LICENSED BANKING APP FOR TEENAGERS, ALAT XPLORE App
Wema Bank, Nigeria’s foremost innovative app and pioneer of Africa’s first fully digital bank, ALAT, is breaking new ground by pioneering yet another industry first;…
NGX suspension: Agip deal delayed release of financial statements, says Oando
Oando Plc says the Nigerian Agip Oil Company (NAOC) deal delayed the release of its 2023 audited financial statements (AFS).…
Dangote Refinery ships first 79.4 Million litres of Petrol by sea to domestic market — Report
Dangote Refinery has supplied about 79.4 million litres of petrol by sea to the local market, marking a significant boost to Nigeria’s…
Rep faults CBN over validity of old, new naira notes
Afam Ogene, the Labour Party caucus leader in the House of Representatives, has faulted the Central Bank of Nigeria (CBN) over its indecisiveness…
Nvidia, worth $3.53 trillion, dethrones Apple, becomes world’s most valuable company
Nvidia has seized the crown as the world’s most valuable company, briefly eclipsing Apple in a remarkable show of market dominance driven by increased demand for its advanced AI chips. This milestone shows Nvidia’s…
Foreign reserves rise to $40.2bn in October – Cardoso
Nigeria’s foreign reserves hit $40.2 billion in October 2024 from $38.4 billion reported in September. This was disclosed by Olayemi Cardoso, Central Bank governor, during an investors’ meeting in Washington DC, the…
Non-performing loans in banks hit 5.1% – World Bank
The World Bank has revealed that non-performing loans across Nigerian banks have reached an alarming 5.1 percent, according to a report. The Nigeria Development Update published by the global apex bank disclosed that…
FG Targets Doubling of 37bn Barrels Oil Reserves with Improved Exploration – Lokpobiri
The federal government yesterday said that for over 12 years Nigeria had not done much oil exploration, but noted that with the increasing…
Music video production, promotion now cost N100 million, Timaya laments
Nigerian singer and songwriter Inetimi Odom, popularly known as Timaya, has expressed concern over the soaring costs of music video production and promotion, which, according to him, now exceed ₦100 million. The…
Alleged Defamation, Cyberstalking of GTCO, CEO: Defendants Are Serial Blackmailers, Witness Tells…
As the trial of four bloggers charged with alleged defamation and Cyberstalking Guaranty Trust Holding Company as well as its Management resumed today, the…
White House thanks FG for releasing Binance executive on humanitarian grounds
The United States has appreciated the Nigerian government for releasing the Binance Holdings Limited executive, Tigran Gambaryan. Mr Gambaryan, an American and senior employee at the cryptocurrency exchange, who had…
MTN Lost N11bn To 6000 Fibre Cable Cuts In One Year – IHS
MTN Nigeria suffered more than 6,000 cuts on its fibre cable between 2022 and 2023, resulting in N11 billion loss, telecom infrastructure company (IHS), has said. IHS manages infrastructure on behalf of some telecom…
No deadline on circulation of old naira notes, says CBN
The Central Bank of Nigeria (CBN) says Nigerians should disregard claims that the old naira notes will cease to be legal tender on December 31,…
Gambaryan was resilient – Binance reacts to Nigerian Govt’s decision
The Chief Executive Officer of Binance Holdings Limited, Richard Teng, has reacted to the decision of the Nigerian government to drop all money laundering charges against its executive, Tigran Gambaryan. Teng…
JUST IN: Binance executive leaves Nigeria hours after FG dropped charges
Tigran Gambaryan, a Binance executive initially charged with tax and money laundering charges by the federal government, has left Nigeria after eight months in detention. In a statement to journalists, a family…
Many Filling Stations Should Be Converted To CNG Outlets – Tinubu
President Bola Tinubu wants filling stations converted to Compressed Natural Gas (CNG) outlets, according to Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas). The Minister said this while addressing State…
IMF warned Nigeria against $500m domestic bond issuance… but it got oversubscribed – Wale Edun
Wale Edun, minister of finance and coordinating minister of the economy, says the $500 million domestic bond was oversubscribed despite warnings…
NGX RegCo suspends trading in Oando shares over ‘failure to submit’ financial results
NGX Regulation Limited (NGX RegCo), the regulatory arm of the Nigerian Exchange Group (NGX), has suspended trading in the…
NNPCL Begins $6 Billion Debt Repayment Process, FG Reveals
The Nigerian National Petroleum Company Limited (NNPCL) has officially commenced the process of settling its $6 billion debt, according to a statement made by Wale Edun, the Minister of Finance and Coordinating Minister for…
Nigeria To Increase VAT To 15% On Luxury Goods, Exempt Tax On Essentials For Poor Citizens, Says…
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, announced at an investor meeting during the ongoing IMF/World Bank Annual Meetings in Washington, D.C., that the federal government is set to…
U.S. and Nigeria launch cryptocurrency crime task force
The U.S. Department of Justice and the Nigerian government have announced the formation of a new Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. Officials say the partnership aims to combat…
Auto dealers abandon vehicle importation over high clearance cost, forex scarcity
Due to scarcity of foreign exchange (FX) hike in tariffs, increase in import duty and other related taxes, automobile dealers have lamented their…
Tunde-Ajala Becomes 9mobile’s Chief Human Resources Officer
In a move that strengthens its senior leadership team and solidifies its business transformation strategy, 9mobile has appointed trusted Human Resources…
Naira showing signs of stability, says IMF
The International Monetary Fund (IMF) says the naira, Nigeria’s local currency, is showing signs of stability due to interest rate hikes. In its global financial…