Risevest shuts down virtual cards
Investing platform, Risevest today notified users of the shuttering of it’s virtual card, effective from 30th of September. In an email sent…
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Lagos settles Dangote refinery, park operators dispute
The Lagos State Government has announced a resolution to the disagreement between Dangote Refinery and e-call-up parking operators. The e-call-up initiative, supported…
President Ramaphosa meets Elon Musk over Starlink licensing talks
Alex Omenye A week after confirming discussions between the South African government and Elon Musk’s SpaceX regarding a Starlink licence, President Cyril…
E-Payment transactions reach N89.5tn in July 2024 – NIBSS
The Nigeria Inter-Bank Settlement Systems has announced that Nigerians spent a total of N89.5 trillion through electronic channels in July 2024. This…
Budget Office starts preparations for 2025 appropriation bill
The Federal Government has initiated preparations for the 2025 national budget, issuing a clear directive to ministries, departments, and agencies to include…
Nigerian aviation stakeholders back Emirates’ dollar pricing airfares
Aviation experts are backing Emirates Airlines’ decision to charge passengers in dollars, citing the airline’s dollar-denominated costs and funds that are currently…
Flight tickets hit N123, 700 in August – NBS
The average fare paid by air passengers for specified routes on a single journey experienced a significant increase, reaching N123,700.14. This figure…
PENGASSAN urges FG to increase stake in Dangote refinery
The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to raise its stake in the…
Nigeria’s external reserves surge to $39.07bn – Cardoso
Nigeria’s external reserves have continued to grow, reaching $39.07 billion as of September 19, 2024. This increase reflects positive trends in foreign…
FTX fraud: Disgraced crypto boss Bankman-Fried’s ex-girlfriend jailed
Former cryptocurrency executive Caroline Ellison was jailed for two years on Tuesday for her involvement in the theft of approximately $8 billion…
BUA foods, Italian firm partner to boost pasta production capacity
BUA Foods Plc has signed a capacity expansion agreement with Italian company FAVA to boost its pasta production from 400,000 tonnes to…
FAAC allocations affect exchange rate stability – Cardoso
The Central Bank of Nigeria has indicated a significant correlation between monthly disbursements from the Federation Account Allocation Committee and liquidity levels…