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Finance
33 posts
Nigeria’s External Reserves Reach Six-year High
Nigeria’s external reserves climbed to their strongest level in six years, crossing the $42bn mark for the first…
Nigerian Banks Resume International Transactions On Naira Cards
The United Bank of Africa (UBA) and Wema Bank have announced the resumption of international transactions on their…
CBN debunks claim of new N5,000, N10,000 notes
The Central Bank of Nigeria on Wednesday debunked the claim that it was set to introduce new N5,000…
CBN Ends Three Free Monthly Withdrawals From Other Banks’ ATMs
The Central Bank of Nigeria (CBN) has updated its policy on Automated Teller Machine (ATM) fees, removing the…
SERAP sues CBN over increase in ATM charges
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN)…
Court orders police not to rearrest crypto currency entrepreneur
A High Court of the Federal Capital Territory sitting in Abuja has ordered the Inspector General of Police…
Nigeria sues Binance for $81.5bn
The Federal Inland Revenue Service (FIRS) has filed a lawsuit against cryptocurrency exchange Binance, seeking $79.5 billion for…
CBN Unveils Nigeria FX Code To Address Financial Risks
The Central Bank of Nigeria (CBN) has introduced the Nigeria Foreign Exchange (FX) Code as part of its…
Banks begin implementation of PoS withdrawal limit
There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a…
Nigeria and China renews currency swap agreement
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the renewal of a bilateral currency…
Elon Musk becomes first person in history to amass $400billion fortune
CEO of Tesla and founder of SpaceX, Elon Musk has become the first person in history to amass…
Naira Gains N137/$, Exchanges N1,535/$
The naira which exchanged N1672.69 against the United States dollar on Friday, November 29, 2024, rose to N1,535/$…
FCMB Group considers selling stakes in subsidiaries
FCMB Group, owners of First City Monument Bank, will explore cutting back its ownership in subsidiaries to measure…
Dangote Refinery Seeks Loan To Boost Crude Supply, Production
The Dangote Petroleum Refinery is actively pursuing funding to secure billions of dollars for crude oil imports and…
First Bank fixes date for system migration
Following the wave of recent disruptions in the Nigerian banking sector, First Bank has announced plans to transition…
Nigeria’s Inflation Rate Falls to 33.15%
The headline inflation rate in Nigeria dropped to 33.15% in August 2024, showing a reduction of 1.25 percentage…
OPay Announces N50 Transfer Levy On Transactions Above N10,000
OPay has announced a new charge on electronic transfers into personal and business accounts in compliance with Federal…
Presidency Releases Details, Facts About Nigeria’s Debts Under Tinubu
The presidency has given more details about Nigeria’s debt condition under the administration of President Bola Tinubu. Presidency…
S’African Johann Rupert Overtakes Dangote To Become Africa’s Richest Man
South African billionaire Johann Rupert has overtaken Nigeria’s Aliko Dangote to become Africa’s richest person. This is according…
Court Strikes Out Fleeing Binance Executive Anjarwalla’s Lawsuit Against Buhari’s Gov’t
Fleeing Binance executive, Nadeem Anjarwalla’s lawsuit against the Nigerian government seeking the enforcement of his rights has been…