Category: Business

CBN warns banks against excessive risk-taking after recapitalisation

The Central Bank of Nigeria has cautioned that stronger capital buffers must not encourage excessive...

Cyberattack cover-ups must end, NITDA warns organisations

The National Information Technology Development Agency has called on organisations to desist from concealing cyberattacks,...

Chile dismantles syndicate shipping copper to China

Chilean authorities have dismantled a criminal network involved in large-scale copper theft through a coordinated...

Livingtrust Mortgage Bank denies allegations of proxy share money laundering

Livingtrust Mortgage Bank Plc has refuted online reports alleging its involvement in proxy share acquisitions...

CBN to recapitalise, restructure DFIs to support MSMEs

The Central Bank of Nigeria has announced plans to recapitalise and restructure development finance institutions...

CBN plans FX manual to boost market transparency

The Deputy Governor of the Central Bank of Nigeria, Muhammad Abdullahi, announced that the regulator...

Treasury bills market holds bullish momentum amid surge in liquidity

The Nigerian Treasury Bills secondary market last week sustained a strong bullish trend, driven by...

Oil falls below $100 after Trump, Iran agree to two‑week ceasefire

Oil prices dipped under $100 a barrel on Wednesday after U.S. President Donald Trump said...

Wireless festival cancelled after Kanye West barred from UK

This year’s Wireless Festival has been called off after headliner Kanye West was barred from...

Dangote Refinery steps up petrol, urea exports amid supply disruptions

Africa’s largest refinery, owned by billionaire industrialist Aliko Dangote, has increased exports of gasoline and...

Oil prices slip as traders await clarity on US–Iran talks

Oil prices declined in volatile trading on Monday as investors looked for clearer signals from...

Presidential council orders MDAs to suspend new policies

The Presidential Enabling Business Environment Council has instructed Ministries, Departments, and Agencies to halt the...