Business & Finance
Central Bank of Nigeria Directs Payment Service Providers to Track PoS Transactions
All Payment Service Providers have been directed by the Central Bank of Nigeria (CBN) to direct Point of Sale (PoS)...
Bureau De Change Operators Face Licence Revocation Over Recapitalization Deadline
Updating capital requirements for Bureau de Change (BDC) operators set by the Central Bank of Nigeria (CBN) is still a...
Nigeria’s Petrol Import Bill Surges to Record High of N3.2 Trillion in Q2 2024
According to the National Bureau of Statistics (NBS), Nigeria's foreign trade report indicates that Premium Motor Spirit (PMS), also known...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, September 12 2024
As of today, September 12 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
The Perpetual Conundrum of Fuel Scarcity in Nigeria: A Critical Examination
The dream of fuel availability has become an elusive mirage that disappears into thin air at the horizon of promise,...
MTN Hopes For Increased 5G Uptake
MTN Group, a technology corporation, is optimistic about the uptake of fifth generation (5G) technology that it has introduced in...
US Inflation Rate Drops to 2.5% in August, Lowest in Three Years
The inflation rate in the United States has dropped to 2.5% in August, marking the fifth year-on-year decline in a...
Dollar, Euro and Pounds To Naira Exchange Rate For Today, September 11 2024
As of today, September 11 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN)...
EFCC Investigates ByBit, KuCoin for Crypto Market Manipulation
The Economic and Financial Crimes Commission (EFCC) has expanded its investigations into cryptocurrency platforms to include ByBit and KuCoin, alongside...
Nigeria’s Inaugural Domestic Dollar Bond Attracts $900m in Subscriptions
Nigeria's Federal Government has made an unprecedented step forward by issuing its very first domestic bond denominated in foreign currency...
NUPRC Approves Shell’s $1.3 Billion Asset Sale to Renaissance
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the sale of Shell Petroleum Company's onshore assets to Renaissance, which...
FG To Impose Levy On Fintech Transactions
The Nigerian government has decided to charge a fee of N50 for electronic transactions of N10,000 or more, starting from...
We’ll Begin Prosecuting Massive Financial Scams by Banks and Top Officials—EFCC
The Economic and Financial Crimes Commission (EFCC) has announced that it would soon start prosecuting bank executives and senior bank...
Nigerian Financial Institutions to Discuss Bank Recapitalization at Upcoming Conference
The Finance Correspondents Association of Nigeria (FICAN) is all set to host its 2024 annual conference, themed "Nigeria's Journey Towards...
Nigerian Manufacturers’ Tax Contributions Surge 84% in Q2 2024 Despite Economic Downturn
According to recent data from the National Bureau of Statistics (NBS), Nigeria’s manufacturing sector became the largest taxpayer during the...
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