Central bank clarifies position on operation of domiciliary accounts
The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by…
Sony launches first 5G smartphone as it hopes to turn around struggling mobile…
Sony has unveiled its first 5G smartphone in a bid to prop up its struggling smartphone business.
With the f…
Foreign Portfolio Investors inject $1.7bn into I&E window
FOREIGN Portfolio Investors (FPIs) injected $1.7 billion into the Investors and Exporters (I&E) window in…
Banks’ lending rates defy crash in TB yields
BANKS are yet to adjust their lending rates downward to reflect the sharp decline in treasury bills yields…
Foreign reserves drop by $1.64bn in five weeks
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on…
Dangote invests N63bn in Enugu-based automaker, buys 3,500 trucks
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services…
CBN sets dollar deposit, withdrawal rules for customers
The Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollars into their domiciliary accounts but…
Cash-Rich Berkshire Embraces the Idea of Life After Buffett
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change:…
Shopify joins nonprofit behind Facebook’s Libra currency
Online commerce platform Shopify on Friday said it has joined the nonprofit association behind Facebook’s planned…
Forex: CBN injects $292.34million into retail Secondary Market
The Central Bank of Nigeria (CBN) has injected the sum of 292.34million dollars into the retail Secondary Market…
NSE market indices dips 0.65%, amid Nestle N112 loss
The market indicators of the Nigerian Stock Exchange (NSE) on Friday declined by 0.65 per cent, amid loss posted by…
Filmhouse, Silverbird, others generate over N79.8 million on Valentine’s weekend
Valentine’s Day drove revenue of cinema houses across Nigeria over the weekend, making it the highest-grossing…
Nissan launches a subscription service starting at $699 a month
Car subscriptions: they’re totally a thing! The latest automaker to test the waters on subscriptions is Nissan,…
CSL Stockbrokers Appointed as New Stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal…
Experts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering…
Market rebounds as financial stocks lift index by 0.17%
Following renewed interest in the shares of some banking and insurance stocks, the Nigerian equities market…
Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled…
9mobile invests $220m in 4G expansion
9mobile says it is investing $220m in the expansion of its 4G LTE to more Nigerian cities as part of efforts to…
Stock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive…
Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of…
Excess charges: CBN return over N60 billion to customers
The Central Bank of Nigeria (CBN) disclosed that it had recovered on behalf of customers over N60 billion excessive…
PwC predicts greater success for Nigeria’s entertainment industry
The PricewaterhouseCoopers (PwC) has projected Nigeria to be among the world’s fastest-growing Entertainment and…
Bitfxt raises N5.45 billion from UK firm
Bitfxt, a Nigerian cryptocurrency startup, has raised N5.45 billion from Payitup clearinghouse Ltd. The amount,…
NCC approves 1,492 phone brands, warns users against unapproved devices
No less than 1,492 different brands and models have been approved by the Nigerian Communications Commission (NCC)…
SON faces resistance from importers of fake products
The Standards Organisation of Nigeria (SON) may have come under pressure from dealers of fake and sub-standard…
DISCOs have failed in electricity supply ― FG
THE Federal Government yesterday said that Distribution Companies, DISCOs have failed in supplying adequate…
US solar jobs have risen 167% since 2010, new data shows
The solar industry in the U.S. employed 249,983 people in 2019, a 2.3% increase compared to the previous year,…
UK inflation unexpectedly hits six-month high in January, pushed up by fuel prices
British inflation unexpectedly struck a six-month high in January, pushed up by higher petrol prices and a…
Senate invites Bigi and Pepsi manufacturers, as stiff competition continues
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers…
Wema Bank clears the air on alleged contempt suit
The management of Wema Bank has cleared the air on the alleged contempt suit that was earlier filed against it by…