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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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No plans to revoke Unity, Polaris, Keystone Banks licenses – CBN

Alex omenye The Central Bank of Nigeria has firmly denied allegations that it plans to revoke the licenses of Unity Bank, Polaris Bank, and Keystone Bank. This clarification follows an online report that claimed the apex bank was set to withdraw the licenses of these three financial institutions, sparking concerns among customers and stakeholders. The […]

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Heritage Bank: NDIC begins verification, refund of depositors

The Nigerian Deposit Insurance Commission has started the liquidation process of the defunct Heritage Bank with verification and payment of the bank depositors. This was disclosed in a statement signed by the Director of Communication & Public Affairs, of NDIC, Bashir Nuhu on Monday, following its appointment as liquidator of Heritage Bank by the Central […]

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Stakeholders urge inclusive, evidence-based policies implementation

Policy experts have called on the government to implement evidence-based and inclusive policies. This was disclosed in a statement at a recent webinar hosted by the Do Right Initiative, according to The Punch. Policy experts demand a change in Nigeria’s approach to formulating policies. They underlined the necessity of inclusive, user-centric, evidence-based policies that consider […]

Business

African business leaders hit Lagos for energy transition talks

Leaders of various business organisations will gather in Lagos on Wednesday to speak on energy transition and sustainability in Africa. Africa Interviews, one of the continent’s online media platforms, revealed in a statement that business executives would be the guest speakers at the first-ever Africa Interviews Sustainability Forum, according to The Punch. The event, themed […]

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Companies on tax breaks rise to 104 – NIPC

The Federal Government acting through the Nigerian Investment Promotion Commission has awarded new tax breaks to 12 companies in the first quarter of this year, under the Pioneer Status Incentive initiative, bringing the total number of beneficiaries to 104 enterprises. This was disclosed by the commission in its Q1 2024 PSI report released on Monday, […]

News

Nigeria, UAE dispute resolved, to start visa issuance soon – FG

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the visa disagreement between Nigeria and the United Arab Emirates has been settled. He declared that the travel ban preventing Nigerians from traveling to the UAE, particularly Dubai, would soon be lifted by the government of the UAE, according to The Punch. This […]

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NDIC to verify, pay Heritage Bank customers with BVN

The Nigeria Deposit Insurance Corporation has said that depositors it is currently verifying customers of the bank and will pay up to N5 million, depending on their deposits. NDIC stated that it has begun the liquidation process of Heritage Bank Plc as a result of the revocation of its banking license by the Central Bank […]

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Pastor spearheaded Islamic Bank in Nigeria, says Cardoso

The Central Bank of Nigeria announced that there will be an increase in Islamic banking in the financial sector. This disclosure was made by the  CBN governor at a reception in Abuja honoring Dr. Umar Oseni, the Secretary-General of the Organisation of Islamic Cooperation Arbitration Centre, according to Vanguard. Cardoso, represented by the CBN Director […]

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Ikeja Electric acquires 24 new feeders to Band A

The Ikeja Electricity Distribution Company said it has added 24 new Band A feeders to its network following the current power outage across the country. This is disclosed in a statement by Ikeja Electric via its official X Handle on Monday. The new feeders who were initially under a different Band category will now pay […]

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CBN grants provisional licence to Greenwich Merchant Bank

Greenwich Merchant Bank has secured approval in principle from the Central Bank of Nigeria to transition into a holding company structure. This was disclosed by the bank’s Chairman, Kayode Falowo, at the recently concluded Annual General Meeting in Lagos, according to The Punch. According to Falowo, the move will allow Greenwich Group to improve productivity, […]

News

JUST IN: CBN lifts ban stopping Opay, Palmpay, others from onboarding new customers

Alex Omenye The Central Bank of Nigeria has lifted a six-week ban on onboarding new customers for five of the country’s leading fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint. The ban, which began on April 29, 2024, followed the blocking of over 1,000 accounts involved in peer-to-peer crypto trading. The National Security Adviser had […]

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FG offers N1bn loan at 9% interest – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the federal government is offering credit facilities worth up to N1 billion at an interest rate of 9% to major businesses, including manufacturers. This was disclosed by the minister during a live appearance on Channel TV on Sunday. Edun stated […]

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