Section
322 stories from 2016 to 2025.
Page 4 of 17
The Central Bank of Nigeria (CBN) has threatened to penalise any commercial banks that fail to comply with its directives. The CBN warned commercial banks against putting old naira notes into Automated Teller Machines…
The Debt Management Office (DMO) has explained that public debt would only hit the projected N77 trillion if the ways and means advances from the Central Bank of Nigeria (CBN) are included. The DMO on Thursday said that…
American multinational technology company, Amazon, says it is planning to sack over 18,000 employees from its total workforce. The amount reflects 1.2 per cent of the corporation's 1.5 million global employees and is…
Novice traders often lack practical experience and knowledge to earn a profit in the financial markets right away. Forex pamm is an alternative to consider in this case. Investing with a professional trader considerably…
A political economist, Pat Utomi, says the 2023 budget will cause severe inflation and job losses nationwide. Utomi warned that if caution is not exercised, the currency rate might exceed $1 to N1000, and inflation…
The Debt Management Office (DMO) has predicted that the country's debt will increase dramatically before the end of President Muhammadu Buhari's administration. According to DMO, the incoming administration will inherit…
The Economic and Financial Crimes Commission says it has recovered over N13 billion as proceeds from oil illegal subsidy This was contained in a document obtained from the Nigeria Financial Intelligence Unit, NFIU…
Guaranty Trust Bank (GTBank) has announced that international transactions on its naira Mastercard will be suspended beginning Saturday, December 31, 2022. The bank made this known in a statement to its customers on…
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says the accumulated debt from the unstructured supplementary service data (USSD), owed to them by banks, rose to N80 billion as of November…
The Central Bank of Nigeria, CBN, has raised its weekly cash withdrawal limits set for individuals and corporate organisations to N500,000 and N5 million, respectively. The directive is contained in a circular issued by…
Nigeria's inflation rate rose to 21.47 per cent in November, continuing its 2022 surge. The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 21.47 per cent in…
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement for a three-year loan package of $3 billion. The development means that the agreement still requires the approval of the IMF…
Digital transformation is reshaping the business landscape, compelling organizations to modernize their operations, processes, and technologies to remain competitive. Central to this modernization is the challenge of…
The Central Bank directed deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities per week do not exceed N100,000 and N500, 000,…
BBNaija Chichi revealed why she doesn't fly economy class in an aeroplane. The Level Up BBNaija's housemates are currently on a trip to South Africa sponsored by Pepsi. The trip which was sponsored by Pepsi had all…
Naira, on Monday, appreciated against the dollar at the Investors and Exporters window, exchanging at N445.38. The figure represents an appreciation of 0.07 per cent compared with the N445.67 for which the dollar…
Nigeria’s inflation rate has risen to 21.09% in October 2022, up from 20.77% in September. This is coming as food inflation in October 2022 increased to 23.72% from 18.34% in the corresponding Month last year. The…
Yoruba socio-political organization, Afenifere; and its northern and eastern counterparts, Arewa Consultative Forum and Ohanaeze Indigbo, respectively, on Saturday shared the idea of former Vice-President Atiku Abubakar…
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, said eNaira has recorded 700,000 transactions valued at N8 billion. The eNaira platform was launched and was inaugurated by President Muhammadu Buhari…
President Muhammadu Buhari, says the Central Bank of Nigeria (CBN) has his support to launch new designs and replace high-value naira notes. This was disclosed in a statement by the president’s media aide, Malam Garba…
