Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are on the horizon as the Central Bank of Nigeria (CBN) has increased the minimum capital thresholds for banks. The CBN announced this […]
Business
FX crisis: Don’t sell above N1,269 per dollar – CBN orders BDCs
The Central Bank of Nigeria (CBN) has allocated $10,000 to Bureau De Change (BDC) operators at an exchange rate of N1,251 per United States dollar, […]
Shippers’ Council Recovers N58.4bn From Demurrage, Legal Cases, Fines
The Nigerian Shippers’ Council (NSC) has achieved significant savings for the nation’s economy, totaling N58.4 billion, by intervening in legal cases, vessel demurrage, and fines […]
FG files criminal charges against Binance
The Federal Government has launched legal action against Binance, a well-known cryptocurrency exchange platform, on suspicion of evading taxes. This development was announced by the […]
Aig-Imoukhuede Foundation Commits To Training 3,000 Public Leaders
Aigboje Aig-Imoukhuede, the founder of the Aig-Imoukhuede Foundation, announced a significant commitment to training up to 3,000 public leaders to a world-class standard with an […]
Naira Gains To N1,560.57/$1 At Official FX Market
The Naira has strengthened on the official market to N1,560.57 against the dollar, driven by foreign exchange reforms. The summary of FX trading on Tuesday […]
NGX All-Share Index posts weekly gains, up 3.71% w/w
Closing the week, the Lagos bourse sustained the winning streak from last week, bringing the All-Share index up by 0.99% to close at 105,085.25 points. Buy interests in […]
Hyper-inflation continues to erode Nigerians purchasing power at 31.70%—NBS
Hyper-inflation in Nigeria has continued to rave the purchasing power of Nigerians as it rose to 341.70 in February. National Bureau of Statistics in its […]
We Need More Investment In Women – UN Agency
The United Nations Global Compact Network Nigeria (UNGC), together with advocates for gender equality, has called for increased investment in women. This call was made […]
Multiple Fibre Cuts Bar MTN’s 87m Customers From Calls, Data
MTN Nigeria has attributed the recent network disruption encountered by its customers nationwide to several instances of fibre cuts. On Wednesday, the 28th of February, […]