Trapped funds: CBN to release $120 million to foreign airlines by...
Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has said that international airlines in the country would get $120 million at the end of...
Naira depreciates by 50% after ban on BDCs
Since the Central Bank of Nigeria (CBN) prohibited the sale of dollars to bureau de changes, the black market value of the dollar against...
CBN, NIBSS Move to Unify Payments Through National Domestic Card Scheme
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement Systems (NIBSS) Plc, in conjunction with Bankers’ Committee will soon float a national card...
Kogi Receives First Payment As Oil Producing State
The Kogi State Governor, Yahaya Bello has revealed that the state has received its first payment of the as an oil producing state.
Bello disclosed...
NLNG Shuts Operations Over Flooding, Gas Scarcity Looms
The Nigeria Liquefied and Natural Gas company has announced suspension of its operations due to flooding.
NLNG declared force majeure as a result of the...
Elon Musk lost nearly twice total value of BMW so far...
Tesla stock closed the week in the red, with Elon Musk posting record daily losses of $11.3 billion, raising questions about whether it is...
Sanwo-Olu unveils 30-year dev’t plans, signs Lagos Wealth Fund Bill
Lagos State Governor Babajide Sanwo-Olu has signed the Lagos State Wealth Fund (LSWF) bill and the Lagos State Civil Bill which will be sent...
Reason CBN needs to adopt blockchain – Professor Yemi Osinbajo
Professor Yemi Osinbajo has stated that Nigeria may need to further broaden the scope of its banking licences in order to accommodate more players...
BREAKING: Naira falls big to N740/$1 on black market Exchange Rate
On the black market, the naira-US dollar exchange rate has dropped to a new low, trading at a minimum of N740/$1 on Tuesday morning....
Telecom operators threaten to shutdown banks’ USSD services over N80bn debt
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to disconnect banks in the country from the Unstructured Supplementary Service Data (USSD)...