Business

As part of efforts to reduce the level of unclaimed dividends by investors in the capital market, the Securities and Exchange Commission said it is intensifying…

Twenty-four hours after raising the exchange rate for Customs duty, the Central Bank of Nigeria (CBN) has again increased the FX rate for calculating Customs duties at the nation’s seaports by 1.9 percent. Information…

The Central Bank of Nigeria says dollar inflow into the economy more than quadrupled in February to $1.3bn with most of that coming from diaspora remittances as well as proceeds from government securities bought by…

The Central Bank of Nigeria (CBN) has signed a Memorandum of Understanding (MoU) with a blockchain firm, Gluwa to drive the increased adoption of Nigeria’s digital currency, eNaira.  According to a statement from the…

The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward trend of the previous two days.   The Naira closed at N1,602.17/$1, a 0.22% improvement from N1,605.74/$1…

…says $2.3bn attracted from FPIs  The Central Bank of Nigeria, CBN, has reported a 433 per cent upsurge in Diaspora remittances to $1.3 billion in February from $300 million in January. Disclosing this yesterday…

The Central Bank of Nigeria has warned all primary mortgage banks in the country regarding the timely submission of regulatory returns. In a press release issued…

The Central Bank of Nigeria (CBN) has completed another round of Treasury Bills (T-Bills) auction, offloading about N1.3 trillion. The auction, which took place on March 6, 2024, saw the bills being offered across three…

Simba Group, a leader in renewable energy, has unveiled the Simba Solar ‘Talegent’ Series of solutions. This latest offering is designed to simplify the switch to…

**Accts without BVN, registered SIM affected •CBN should consider Nigerians in    diaspora — Consumer Group As the deadline given to banks to link all bank accounts to NIN elapsed last Thursday, many banks in the…

A trained crypto investigator Obinna Iwuno says traders on cryptocurrency trading website Binance are not anonymous as they can be traced. Iwuno, who is the President of the Stakeholders in Blockchain Technology…

Guaranty Trust Bank (Ghana) Limited has assured that it is working with relevant government agencies and customers in Ghana to resolve the trade related issues. According to a press release from its Corporate…

The Chief Financial Officer of MTN Nigeria, Modupe Kadri, has lamented the inability of the telecom operators in the country to pass the increasing costs of operations to the subscribers. Kadri, who stated this during a…

Meta's Communications director, Andy Stone, has acknowledged that they are aware users are having trouble assessing their accounts adding that "We are working on this…

Dangote Sugar Refinery Plc, a major operator in the production, refining, and marketing of sugarin Nigeria, has reported its first loss in at least 13 years, according to a BusinessDay analysis. A growing number of…

Tony Attah has assumed the role of Chief Executive Officer at Renaissance, a Nigerian consortium that acquired in a deal valued at $2.4 billion. Africa Oil & Gas Report, an energy intelligence publication said Attah…

Africa’s richest man Aliko Dangote is planning to set up an oil trading arm, likely based in London, to help run crude and product supplies for his new refinery in Nigeria, six sources familiar with the matter said. The…

Crypto trading platform,  Binance, has advised Nigerians trading on its exchange to withdraw all their NGN assets as it discontinues services in the country.  This comes amidst ongoing rancour with the Nigerian…

Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Bezos’ net worth stands at $200 billion, according to the tracker, surpassing…

Naira, on Monday, depreciated to N1,620/$ at the parallel section of the foreign exchange market. The figure represents N20 or 1.25 percent depreciation compared to the N1,600 it traded on March 1, 2024. Speaking to…

The House of Representatives, on Monday, called for the arrest of the top executives of Binance Holdings Limited, which is facing fraud allegations. Binance, a cryptocurrency exchange platform, was accused of exploiting…

The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country.…

The Central Bank of Nigeria (CBN) has announced a 5.3% reduction in the exchange rate for computing Customs duties at the nation’s seaports. The Customs FX duty rate has been revised from N1630.159/$ to N1,544.081/$ as of…

The Nigerian National Assembly has agreed to issue warrants of arrest against executives of cryptocurrency platform, Binance. This decision came after a resolution was passed to that effect  by the House of Representatives…