The Edo State Governor, Mr. Godwin Obaseki, on Thursday, met with officials of the Central Bank of Nigeria (CBN) and members of…
Category:
Finance
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World Bank group new report has said that “the COVID-19 pandemic caused a massive collapse in human capital at critical moments in…
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Foreign exchange shortages faced by local Nigerian companies may threaten bank liquidity, while a devaluation of the Naira precipitated by these shortages…
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African e-commerce firm Jumia Technologies said on Thursday that cost savings had helped it reduce fourth quarter losses by 30% from a…
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Banks have started payment of both old and new Naira notes along with other lower denomination of the Naira currency. Most banks…
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EconomyFinanceNews
Nigeria enters part with U.S. for repatriation of $954,807 Alamieyeseigha’s looted fund
The United States on Thursday signed an agreement with Nigeria for the repatriation of $954,807.40 of the looted assets recovered from the…
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EconomyFinanceNews
Supreme Court adjourns hearing in suit seeking to stop implementation of naira redesign policy
The Supreme Court has adjourned, until Wednesday February 22, the suit filed by Kaduna, Kogi, and Zamfara states seeking to stop the…
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The competitive threat of financial technology companies to big banks diminished over the past year as rising interest rates constricted funding, a…
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Today, activity on the Lagos bourse was somewhat flattish as the benchmark index managed to eke out a meagre 2bps gain to…
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Nigerian equities extended the bullish run as the benchmark index gained 0.24% to settle at 54,496.31 points. Gains in MTNN (+1.49%), WAPCO (+0.77%)…
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Nigerian President Muhammadu Buhari has directed the central bank of Nigeria CBN, to increase the amount of foreign currency allocated to Dubai’s…
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BusinessFinanceNews
Banks shut down as new notes scarcity persists insisting on February 10 deadline for old notes
As the Naira scarcity persists in the country, most banks shut their doors against customers in several parts of the country. The…
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The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, February 13, 2023, arraigned an actress, Oluwadarasimi Omoseyin,…
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EconomyFinanceNews
State Governors to battle CBN in court over new Naira notes, direct 36 Attorneys General to prepare for suit at Supreme Court
State Governors under the aegis of the Nigeria Governors’ Forum, NGF has directed directed their Attorneys General to review the suit at…
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Central Bank of Nigeria (CBN) has has said that the Governor, Mr. Godwin Emefiele, that the current challenge in the distribution of…