The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per... Read more »
Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by... Read more »
Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from N270 billion reported... Read more »
DO YOU KNOW THAT WITH JUST 750,000 YOU CAN OWN A PLOT OF LAND IN ENUGU STATE. We have a genuine estate land on the ongoing dual carriage way being built by... Read more »
Important PUBLIC NOTICEš In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information will be... Read more »
The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,402.67 per... Read more »
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1ā24, to clean their books of questionable accounts and comply with regulatory orders on theĀ linkage of bank... Read more »
Despite the court order restraining pay TV company, Multichoice, from increasing its tariffs on DStv and GOtv as planned, millions of subscribers in Nigeria are already planning to abandon the services and... Read more »
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the... Read more »
OPay, a leading financial service company in Nigeria, has clarified that the new Central Bank of Nigeriaās (CBN) directive does not affect existing accounts, while assuring its customers that their funds were... Read more »
Four Nigerian fintech companies have been directed by the Central Bank of Nigeria (CBN) to suspend onboarding new customers. The affected fintech are OPay, Palmpay, Kuda Bank, and Moniepoint. This directive comes... Read more »
The Dangote Industries Limited has said that its target is to ensure that Nigeria becomes self-sufficient in all the sectors, including cement, agriculture, mining and petroleum. The group also reiterated its commitment... Read more »
The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,309.88 per dollar.... Read more »
The Naira yesterday depreciated to N1,305 per dollar in the parallel market, from N1,255 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,308.52 per... Read more »
The Minister of Aviation, Festus Keyamo has suspended Dana Airline operations in the country. The directive followed the incident involving a Dana Air plane at Lagos airport on April 23, which forced... Read more »
The Central Bank of Nigeria (CBN) started fresh and direct sales of US dollars at N1,021 per dollar to Bureau De Change operators. Nigeriaās apex bank disclosed this in a circular signed... Read more »
Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming at the wake of its... Read more »
The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per... Read more »
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), effective April 2024. Alebiosu steps into this pivotal role from his previous... Read more »
The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the African Development Bank. Minister of Finance, Wale Edun,... Read more »