Access bank launches offline banking platform
Access Bank Plc has introduced an offline banking platform called 901.ng to provide customers with an additional channel for conducting…
Category: Business
$7bn FX: OPS threatens to sue banks over rejected applications
Some businesses within the Organised Private Sector of Nigeria (OPSN) are contemplating legal action against commercial banks for prolonged delays…
FG plans joint cable protection, disruption lingers in six countries
The Federal Government has urged West African nations to collaborate in protecting shared telecommunications infrastructure following a recent internet outage…
Nigeria tightens regulations on Crypto operators
Nigeria is intensifying its oversight of the cryptocurrency industry by updating regulations for crypto operators, notably involving Binance. The Securities…
Govt derisking power sector to attract investments– Verheijen
Olu Verheijen, President Bola Tinubu’s energy special adviser, has highlighted ongoing government efforts to reduce risks in the power sector…
CBN clarifies fertiliser donation as not new intervention
The Central Bank of Nigeria (CBN) clarified that the recent donation of 2.15 million bags of fertilisers to farmers is…
FG moves to address under-utilization of ports
Chief Adegboyega Oyetola, Minister of Marine and Blue Economy, emphasized the need for the federal government to fully support the…
African Guarantee Fund to support green finance
The African Guarantee Fund (AGF) is teaming up with the Nordic Development Fund (NDF) to assist banks in enhancing their…
SEC declines PZ Cussons request to buy out Other shareholders
PZ Cussons Nigeria’s plan to delist from the Nigerian Exchange Group (NGX) has encountered a hurdle, as the Securities and…
Naira Strengthens To N1400/$ At Parallel Market
Parallel market operators are now quoting a buy price of N1400/$1 for individuals looking to sell dollars, indicating a significant…
Customs launches authorised economic operators programme
The Nigeria Customs Service (NCS) unveiled the Authorised Economic Operators (AEO) programme in Abuja on Wednesday, aiming to enhance ease…
CBN Clears Foreign Exchange Backlogs
The Central Bank of Nigeria (CBN) has announced the clearance of all valid foreign exchange backlogs, fulfilling a key pledge…
NNPC Public Listing Is Within Sight, Says Kyari
Mele Kyari, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, indicated during the CeraWeek…
GTCO Food and Drink festival returns in 2024
The eagerly anticipated 7th edition of the GTCO Food and Drink Festival is set to take place from Friday, April…
Nigeria’s Economic Outlook Brightens As Brent Hits $86
Nigeria’s economic outlook has brightened with Brent crude oil prices surging to $86 per barrel, a significant increase from previous…
CBN lifts restrictions on milk and dairy imports
The Central Bank of Nigeria (CBN) has announced the lifting of restrictions on the importation of milk and dairy products.…
N193 billion loans have been declared lost inside CBN’s 10trn intervention
The Central Bank of Nigeria’s Intervention Funds Programme, totaling N10.3 trillion, has shown a repayment rate of 75.8%. However, concerns…
Nigeria’s imported food inflation jumps to 29.8%
In February 2024, Nigeria witnessed a significant rise in imported food inflation, reaching a peak of 29.8%, up from 26.3%…
Naira strengthens slightly against dollar, ends below N1,600/$1
In the official market, the Nigerian Naira experienced a modest improvement against the US Dollar, closing at N1,597.24 to $1,…
Founder of Evergrande accused of inflating revenues by $78bn
Hui Ka Yan, the founder of Chinese property giant Evergrande, and his company are facing allegations of inflating revenues by…
Notore appoints chairman after three years
Notore Chemical Industries has announced the appointment of Femi Agbaje as the new chairman of its board of directors, succeeding…
Headline: Nigerian Exchange Gains N2.12tn as Investors Anticipate Dividend Season
The Nigerian Exchange witnessed another positive week, with investors positioning themselves ahead of the dividend-paying season, resulting in a gain…
Food processors invest N23.8bn in Nigeria to cut import bill
Despite facing challenges of slow economic growth and high business costs, Nigeria has secured N23.8 billion in investments from food…
Economist Forecasts Lower Interest Rates in Nigeria by 2026
According to the Economist Intelligence Unit (EIU), Nigeria’s Monetary Policy Rate (MPR) is expected to drop to 12.5 percent by…
Fintechs raise interest rates as digital lenders plan hike
Following the Central Bank of Nigeria’s (CBN) decision to increase the monetary policy rate (MPR) to 22.75 percent in February…
Reps summon Dangote, BUA, others over cement price hike
The Nigerian House of Representatives has decided to call upon major cement manufacturers like Dangote Cement and BUA Cement to…
Unity Bank, SkillPaddy train 1,000 female software engineers
Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the ‘Count Her In’ tech programme aimed at…
Nigerians experience relief as prices of sugar, Indomie, others drop
The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as a welcome…
Ecobank obtains $250m loan to boost liquidity
Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity buffers, according to a statement…
Wema Bank Earmarks N8.9bn For Women-Run Businesses
Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank’s commitment to actively support and promote women, disclosing that the…