All intending travellers can now buy forex over the counter with the presentation of passports and air tickets, the Central Bank of Nigeria (CBN) announced on Saturday evening. The bank also ordered BDCs to access […]
The 53rd Annual Meetings of the African Development Bank opened in Busan, Korea, on Monday with a call on African Governments to create the right environment for the private sector to lead the continent’s industrial […]
United Bank for Africa says its customers can now spend up to $15,000 monthly on their naira debit and prepaid naira cards. Before now, banks in the country — including UBA — had set a […]
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) was reported to have said that the Central Bank of Nigeria (CBN) and the Nigeria Export-Import Bank (NEXIM) would provide N500 billion for small […]
The Central Bank of Nigeria (CBN) says the Nigeria-China currency swap deal will not cover the importation of the 41 items already blacklisted from the official foreign exchange. Isaac Okorafor, acting director, corporate communications, at […]
Mohammed bin Rashid Al Maktoum, prime minister of the United Arab Emirates, says foreign investors can now get 100 percent ownership of businesses in the country. In a tweet on Sunday, Al Maktoum said the […]
The Naira on Friday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost one point to exchange at N363, weaker than N362 posted […]
The new Companies and Allied Matters Act (CAMA), which was passed into law by the Nigerian senate on Tuesday, will make it possible to register a company from anywhere in the world. Speaking of the […]
First Bank of Nigeria Limited, has announced the introduction of the Contactless Naira MasterCard, added to its array of debit cards, to promote convenience, ease of transactions and the security of funds. FirstBank assured that […]
Data made available by the National Bureau of Statistics shows that Abuja has displaced Lagos as the city with the largest inflow of foreign capital. In its report, Capital Importation (Q1), the NBS said Abuja […]
Because I write about technology I am regularly assailed by people who are exercised about so-called “cryptocurrencies” like bitcoin, which most of them regard as a scam. But when I reply that while bitcoin might […]
Mr. Adeoye Fadeyibi, Managing Director and Chief Executive Officer of Eko Electricity Distribution Company (EKEDC) has unveiled the secret behind the so-called ‘crazy bill’ which has been one of the major areas of discord between […]
Aliko Dangote, president of Dangote Group, has been ranked by Forbes as the 66th most powerful person on earth, ahead of Mike Pence, US Vice-President. In the American business magazine’s 75-person list, Dangote clinched the […]
Ralph Mupita, chief financial officer at MTN Nigeria, says the company hopes to raise N400 billion from its debt issuance when it gets listed on the Nigerian Stock Exchange later in the year. Speaking in […]
Moody’s, a credit rating and research agency, has projected that the earnings of Nigerian banks in 2018 will decline. In its report, ‘Banking System Outlook — Nigeria’ released on Wednesday, the agency said operating conditions […]
The Central Bank of Nigeria (CBN) says customers should demand new naira notes from their respective banks and reject dirty ones. Speaking in an interview with NAN in Lagos on Thursday, Isaac Okorafor, CBN spokesman, […]
Association of Mobile Money Agents in Nigeria (AMMAN) has pick holes in the Central bank of Nigeria (CBN) and money deposit banks’ recently launched Shared Agent Network initiative, saying that infrastructure on ground does not […]
As part of its food security drive, especially in rice production, Lagos State Government, yesterday disclosed that its 32 metric tons per hour rice mill, in Imota, Ikorodu, would be ready for commissioning and production […]
The Central Bank of Nigeria (CBN) the other day released its Credit Conditions Survey Report (CCSR) for the first quarter (Q1) of 2018. Arising from the CCSR are some issues of interest. The first is […]
Commercial Bank customers within the Federal Capital Territory (FCT) have decried excess charges by banks through Automated Teller Machine (ATM) withdrawals. Some customers who spoke to a News Agency of Nigeria (NAN) correspondent, said they […]
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