Business

In a bid to stop the recent slide of the naira, the Central Bank of Nigeria (CBN) has taken decisive action, disbursing $148 million to 29 authorized dealers. The apex bank make this known in a statement on Friday.…

The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its Facebook account on…

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the Federal Government’s revenue for the first half of 2024 has exceeded its budgetary targets. Edun, announced this at a…

The Federal Government has  warned International Oil Companies (IOCs) operating in Nigeria to comply with gas flare directives from regulatory agencies, stating that non-compliance would no longer be tolerated. …

Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts associated with the notorious “Yahoo Boys” scam group, a move to tackle fraud on its platform. Meta made the announcement…

The Nigerian senate has passed the amendment bill of the 2023 Finance Act and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by the President to 70%. The Chairman of the…

The Securities and Exchange Commission, in partnership with the African Development Bank, has called for increased adoption of green finance as a key strategy to combat climate change and promote a sustainable economy in…

Monies in dormant accounts at risk of fraud, CBN warns  The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are prone to fraud. He said this on…

The National Assembly has passed the N6.2tn budget amendment bill for the third reading, as the Federal Government is to spend about N2tn on the Lagos-Calabar highway and other road projects. The bill was passed after…

The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring inflation and skyrocketing food prices. CBN…