Wema to Launch First Digital Banking
Wema Bank, one of Nigeria’s oldest banks, says it will launch the first fully digitalised banking service in Africa in the first half of...
DBN Will Crash Lending Rate in MFBs – Expert
The Managing Director, Fortis Microfinance Bank (MFB), Mr Tiko Okoye said the Development Bank of Nigeria (DBN) if managed correctly, could bring down cost...
CAC begins 24-hour operation
The Registrar-General, Corporate Affairs Commission (CAC), Mr Mahmud Bello, says the commission has started operating 24 hours company registration process to make startup of...
NUPENG calls off strike, FG raises bridging cost to N7.20
The Nigeria Union of Petroleum and Natural Gas employees has announced the immediate suspension of the nationwide industrial action embarked upon by its Petroleum...
External Reserves Decrease by $67m
Nigeria’s external reserves dropped to $30.298 billion as at March 30, 2017 following settlement of matured obligations, mainly foreign exchange (FX) forwards, by the...
Panic as Withdrawal, Deposit Charges begin
There are concerns over the fate of the nation’s financial inclusion project as the first phase of planned full implementation of the accompanying cash-less...
NIMASA Calls for Removal of Abandoned Ships, Wrecks
… Warns erring owners risk sanctions.
In a bid to ensure safe and secure shipping on the Nigerian territorial waters, the Nigerian Maritime Administration and...
MTN pays Nigeria another N30b
MTN has made a payment of N30 billion ($98 million) to the Nigerian government in part settlement of a N330 billion fine imposed on...
CBN Raises Forex Supply to BDCs Offers $100m for Forwards
In line with its pledge to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) will from Monday, April 3,...
CAC Demonstrates 48-hour Company Registration Process
The Corporate Affairs Commission (CAC) demonstrated on Wednesday that business owners in Nigeria can now conveniently register their businesses online within 48 hours.
At a...
Arik Air: N16,000 Promotional Fare Ends 17 April
Arik Air has extended the validity of the ongoing N16, 000 promotional fare to cover the period of Easter.
The special fare which enables an...
Modular Refineries: Youths to Form Consortia of 1000 Barrels
The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has thrown some light on the modular refineries the Federal...
CBN Approves Licence for DBN
The Central bank of Nigeria has approved the grant of a Wholesale Development Finance Institution Licence with national authorization to the Development Bank of...
Sterling Bank gets $15 million facility from Islamic group
The pace of Islamic banking model in the country is fast gaining momentum, just as the Non-Interest Banking unit of Sterling Bank Plc got...
CBN slashes BDC rate to N360
…$100m offer fully subscribed
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it...
Customs Responsible for 82% of Ports Charges-Report
A study by a leading accounting firm, Akintola Williams Deloitte, showed that the Nigeria Customs Service (NCS) processes are responsible for about 82.1 per...
NNPC Recovers $202m from Crude Swap Under-Deliveries
The Nigerian National Petroleum Corporation (NNPC) has recovered $202 million outstanding obligations from AITEO Group.The Group General Manager (GGM), Group Public Affairs Division of...
MRS debunks expropriation of product throughput claims
The management of MRS Oil Nigeria Plc has debunked claims by the Nigerian National Petroleum Corporation (NNPC) that it expropriated the products placed under...
CBN Crashes Forex Rate for Invisible to N360/$1
…pumps $185m into FOREX market
The Central Bank of Nigeria (CBN) has released the sum of $85 million for sale to Deposit Money Banks (DMBs)...
NSE Gives Deadline to Quoted Firms on Annual Reports
Quoted companies that have not submitted their yearly reports and financial statements must do so to the Nigerian Stock Exchange (NSE) in the next...
