Business

Union Bank implements daily withdrawal limit on PoS terminals following CBN directive

Union Bank has officially rolled out a new daily withdrawal limit on its point-of-sale (PoS)…

“A targeted attack with curious timing” -Dr Oba Otudeko reacts to FBN loan allegations

Dr Oba Otudeko has issued a statement refuting what he describes as “false allegations” made…

NCC-On-NIN-SIM-Linkage-Deadline
NCC Endorsess Telcos’ Tariff Increase, Limits Hike to 50%

The Nigerian Communications Commission (NCC) has officially approved a tariff increase for telecommunications companies (telcos),…

African Development Bank (AfDB)
AfDB, US Seal $700K Deal to Improve Credit Rating Data for African Markets

The African Development Bank (AfDB) has joined forces with Prosper Africa, a U.S. presidential initiative,…

Economic Reforms: Oyedele Declares the Worst is Behind Us

Since taking office in May 2023, President Bola Ahmed Tinubu has rolled out a series…

Oba Otudeko
Dr. Oba Otudeko denies allegations regarding FBN Holdings, vows to defend his reputation

Dr Oba Otudeko, one of Nigeria’s most prominent investors and industrialists, has categorically denied recent…

Benin’s plan for $750m bond sale in jeopardy amid rising yields

Benin’s opportunity to issue $750 million in bonds is shrinking as yields approach levels that…

Court summons Interior Minister, AGF over proposed expatriates taxation policy

The Minister of Interior, Dr Olubunmi Tunji-Ojo, and the Attorney General of the Federation (AGF),…

Emomotimi Agama, SEC DG
SEC Vows to Eradicate Ponzi Schemes and Boost Nigeria’s Commodities Market in 2025

In a bold move to reshape Nigeria’s financial landscape, the Securities and Exchange Commission (SEC)…

China to Raise Tariffs on All U.S. Goods to 125% in Response to Trump’s Tariff Hike
China pledges to open up its economy to the world in 2025

The People’s Republic of China has announced that it is ready to open its economy…

NNPC Partners with Global Shipping Giants to Modernize Maritime Sector
NNPC Reduces Petrol Price to Below ₦1000 Per Litre Amid Deregulations

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of Premium Motor Spirit…

Global Stock Markets React Ahead of Fed and Trump’s Inauguration
Global Stock Markets React Ahead of Trump’s Inauguration

European stocks fell on Thursday with attention moving to the looming policy decision of the…

Kazeem Shettima
Shettima Urges Banks to Address Cash Scarcity and Boost Financial Inclusion

Vice-President Kashim Shettima has urged banks to address the ongoing cash shortages at ATMs and…

CBN Ups Interest Rate
CBN to Bank Customers: Report Cash Withdrawal Issues from December 1

The Central Bank of Nigeria (CBN) urges bank customers to promptly report any challenges they…

Why Uber, Bolt, and InDrive Drivers in Lagos Are Planning a Strike on May 1
Uber, Bolt Launch Female-Only Ride Service in Paris

Ride-hailing platforms, Uber and Bolt have both launched service options which enable women in Paris,…

Unemployment Rate in Nigeria Drops in Q2 2024, Stats Show

The National Bureau of Statistics (NBS) has revealed that Nigeria’s unemployment rate reduced in the…

Luiz Inácio Lula da Silva, Brazil President
Brazil’s Govt Freezes $3.33 Billion in Expenditures to Stay Within Fiscal Limits

In a move to meet this year’s fiscal targets, Brazil’s government announced late Friday that…

Tony Elumelu, Chairperson of UBA Group
UBA Launches N239.4 Billion Rights Issue to Fuel Growth and Expansion Across Africa

United Bank for Africa (UBA) Plc, one of Africa’s leading financial institutions, has announced plans…