The Nigerian government has said it will clamp down on loan apps involved in illegal debt recovery and exploitation of consumers. The crackdown comes amidst an upsurge in violations of the Interagency Joint... Read more »
Olayemi Cardoso, governor of the Central Bank of (CBN) has said it uncovered invalid foreign overdue claims totalling $2.4 billion, which have pressured the naira for long and spooked the currency market.... Read more »
The Naira closed the week positively, appreciating marginally against the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions. Data from FMDQ showed that the Naira... Read more »
The Central Bank of Nigeria (CBN) has prohibited banks and fintech companies from engaging in international money transfer services. This directive, outlined in the revised guidelines for International Money Transfer Operators (IMTOs),... Read more »
The naira yesterday crashed to a record low of N1,370 /$ at the parallel market, inching closer to N1,400/$ rate. The depreciation of the local currency was mainly as a result of... Read more »
The Nigerian Exchange (NGX) has started the delisting process for the removal of the shares of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc from the stock market. A regulatory document obtained yesterday indicated... Read more »
Dangote Cement Plc shares has become the first Nigerian company to reach a market cap of N10.095 trillion as its stock experienced an 85.2 percent increase in 2024. This surge follows billionaire... Read more »
Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc revealed this in its unaudited interim financial statements for the year ended December 31, 2023, published on the Nigerian... Read more »
Dangote Petroleum Refinery commences production of diesel and aviation fuel, no petrol yet – Spokesman There was no petrol yet as the Dangote Refinery began the production of diesel and aviation fuel... Read more »
CBN Appoints New Executives for Union Bank, Keystone Bank, and Polaris Bank Yetunde Oni (Union) is MD/CEO Standard Chartered Sierra Leone; Hassan Imam (Keystone) is an ED at Fidelity Bank; and Omokayode... Read more »