Shareholders of Zenith Bank Plc Wednesday approved the proposed final dividend payment of N3.50 per share, bringing the total dividend for the 2023 financial year to N4.00 per share, with a total... Read more »
This follows recent reforms implemented by the Central Bank of Nigeria, which have resulted in increased liquidity within the Nigerian foreign exchange market. According to Bloomberg’s findings, major Nigerian companies such as... Read more »
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per... Read more »
The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by... Read more »
The Nigerian National Petroleum Company (NNPC) Limited has called on motorists to shun the panic buying of Premium Motor Spirit (PMS) also known as petrol as queues have thinned out in filling... Read more »
In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement... Read more »
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 NOTICEđź“Ś 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, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the 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 Nigeria’s (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 »