Better.com Said To Be Planning Third Round Of Layoffs
Digital mortgage company Better.com is gearing up for another round of layoffs, multiple sources with knowledge of…
Digital Bank Umba Raises $15M, Plans To Expand Into Three New African Markets
There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience…
Central Bank Of Nigeria Begins RT 200 Rebate Payment To Exporters This Week
The first disbursement of rebates to exporters under the RT 200 policy of the CBN commences this week.According to…
DLM Gets CBN’s Nod On Microfinance Banks Acquisition
DLM Capital, a development investment bank, has received the final approval of the CBN for its acquisition of…
46% of Firms Increased Prices in March
Stanbic IBTC has revealed that 46% of private enterprises in Nigeria increased the selling prices of their…
Clearing Agents Plans Strike As Custom Slam 15% Levy On Imported Vehicles
CLEARING agents operating in the nation’s maritime sector may withdraw their services following the reintroduction…
We’ll Crash Wheat Price With 2.7Million MT Production, Says Nigerian Government
FG on Monday said it would crash the price of wheat in Nigeria with the production of 2.7 million metric tonnes of…
Russia-Ukraine War: EU Imports 40% Of Nigeria’s Gas, Demands More
According to the European Union ambassadors on Monday, at least 40% of NLNG was exported to Europe and this calls…
Russia-Ukraine War Creating Highly Volatile Oil Market, Says OPEC
THE ongoing war by Russia in Ukraine is making the global oil market highly volatile, OPEC declared on Monday.
…
MTN Gets Final Approval To Operate Payment Service Bank
CBN has granted Momo PSB Limited final approval to commence operations.
According to the statement signed on…
European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters
The E.U freezes the assets of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters, and more…
GTCO Shareholders Endorse N3 Dividend Payment
Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of…
Banks Fixed Deposit Rates Rise To 6.6%
Interest rates on fixed deposit accounts rose to an 18-month high of 6.61 percent in February, indicating…
Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage
FG expects more than 500MW of electricity from interconnected mini-grids to be developed by the Rural…
Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen
Nigeria's non-oil exports have fallen by 39% from N6.914tn to N4.194tn in10 years, according to an analysis of the…
E-payments Rise By 45%, N55tn Transferred In Two Months
According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through…
Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank
The World Bank has advised Nigeria and other African countries to focus on digital development as too many of…
Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected
Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just and…
CBN Finances 5 Large-Scale Agric Projects With N19.15bn
In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to…
Shareholders Approve New Capital Raising For Custodian Investment
Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as…
Nigeria Generates $868m From Gas Export In 2021
The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in…
NNPC Seeks Special Courts To Prosecute Oil Thieves, Others
The Group MD of the Nigerian National Petroleum Company Limited, Mele Kyari, has shown the House of…
Shareholders Lament As Nigerian Government Takes Over Unclaimed Dividend Trust…
Strong indications emerged yesterday that the Federal Government of Nigeria may have finally taken over the…
State Seeks To Cut Car Prices With VAT, Excise duty Scrap
The government is set to exempt locally assembled passenger cars from Value Added Tax and excise taxes. This is a…
Why Dollar Scarcity Persists In Africa, By IMF
The International Monetary Fund (IMF) has explained why dollar scarcity persists in emerging economies, especially…
Currency In Circulation Falls By N42.43bn In Two Months
CURRENCY in circulation fell by N42.43bn between January and March, figures obtained from the Central Bank of…
CBN Fines Three Banks N800m Over Crypto Transactions
The CBN of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country
The imposed fine was…
NLNG Witnessing Insufficient Gas Supply – FG
The Federal Government said that the existing trains of the Nigeria Liquefied Natural Gas company are…
CBDC Research To Intensify As 80% Of Central Banks Mull Projects Similar To ENaira
According to the Global Index retail in 2022 CBDC projects have reached greater maturity levels than wholesale…
Subscribers Groan as Telecoms Operators Begin Deactivation of SIM Cards Not Linked…
About 37 million telecoms subscribers across all networks have been affected by the recent order given to telecoms…