Category: News

BDC operators struggle with new CBN rules, call for clarification

The Bureau De Change operators in the country have yet to comply with the new...

Flutterwave lays off workforce amid strategic shift

Alex omenye African payments giant Flutterwave has laid off about 30 employees, approximately 3% of...

Nigeria’s inflation to decrease to 29.5% by 2024 year-end – PwC

Nigeria’s inflation is expected to slightly decrease to 29.5% by the end of this year,...

NGX fines companies N76.8m for financial statements default

Alex Omenye The Nigerian Exchange Limited has imposed fines totaling N76.8 million on nine listed...

Otedola raises stakes to 11.64% in FBN holdings

The Chairman of FBN Holdings, Femi Tedola has raised his ownership stake in the business...

All SIM cards used in Nigeria are locally produced – NCC

The Nigerian Communications Commission has said that 100 per cent of SIM cards in the...

FG electricity plan faces hurdle as estimated billing customers rise by 10%

AlexOmenye The Federal Government’s plan to eliminate estimated billing by the end of 2024 faces...

Nigeria spent $15.55bn in servicing debts between 2019-2024 – CBN

The Federal Government has spent $15.55bn on debt servicing between 2019 and 2024, the latest...

Stakeholders lament rise in food price amid N1.25tn agric budget

The high prices of food items in the market amid its availability do not speak...

Stockbrokers propose tech adoption for bank recapitalisation

The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to use innovative...

Caverton Offshore loss rises to N12bn

Caverton Offshore Support Group Plc’s after-tax loss increased by 146.79 percent to N12.75 billion at...

Extortion at airports beyond aviation ministry control – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has stated that the issue of...