BREAKING: Nigerian Banks To Pay N10,000 Fine For Failed Transaction Not Reversed Within 24hrs

BREAKING: CBN takes over Skye Bank; changes name to Polaris Bank

The Central Bank of Nigeria (CBN) has taken over Skye Bank Nigeria Plc. CBN Governor and the Managing Director of the Nigeria Insurance Deposit Corporation (NDIC), Godwin Emefiele,...
Buhari Gives Breakdown Of How $5b Chinese Loan Was Spent

Buhari Gives Breakdown Of How $5b Chinese Loan Was Spent

President Muhammadu Buhari yesterday in China gave a details breakdown of how his government spent the over $5 billion loan gotten from Chinese government. Speaking at the FOCAC...
Ministry of Mines Rakes in over N9 billion in Nearly 3 Years

Ministry of Mines Rakes in over N9 billion in Nearly 3 Years

The Ministry of Mines and Steel Development has generated more than N9 billion from November 2015 till date. Alhaji Abubakar Bwari, the Minister of State disclosed this...
Jay Z Picks Nigeria, Uganda as Investment Destinations for Tidal

Jay Z Picks Nigeria, Uganda as Investment Destinations for Tidal

American rapper Jay Z has revealed why he snubbed Kenya, among other African countries, and settled for Uganda and Nigeria as he seeks to expand his music...
Uncertainty beclouds MTN’s planned IPO due to $8.1bn controversy

Uncertainty beclouds MTN’s planned IPO due to $8.1bn controversy

The long-anticipated Initial Public Offering (IPO) of MTN Communications Nigeria Limited is now in the doubts, following an order by Nigeria’s apex bank (CBN) demanding the telco...
CBN FINES 4 BANKS N5.87bn OVER FOREIGN EXCHANGE ILLEGAL DEALS

MTN rejects CBN’s order to refund $8.1b

FRONTLINE mobile company MTN Nigeria yesterday rejected the allegation that it repatriated $8.1 billion illegally. The Central Bank of Nigeria (CBN) asked the company to refund the...
CBN FINES 4 BANKS N5.87bn OVER FOREIGN EXCHANGE ILLEGAL DEALS

CBN FINES 4 BANKS N5.87bn OVER FOREIGN EXCHANGE ILLEGAL DEALS

The Central Bank of Nigeria (CBN) on Wednesday imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged irregularities. The banks, according...
Nigerian crude exports set for four-month high

Nigerian crude exports set for four-month high

The nation’s oil exports are expected to rise to their highest in four months in October, on the back of supply of several larger grades coming back...

Crude Oil Price Hits Two-week High at $74 as US Inventories Drop

Crude oil price Wednesday hit a two-week high above $74 per barrel as an industry report showing a sharp drop in United States crude inventories and the...
CBN reiterates Naira abuse punishment, says abusers would be jailed

CBN releases lower naira notes to traders

The Central Bank of Nigeria says it has begun the disbursement of lower denomination of naira notes directly to the traders. It expressed its determination to put an...

Must Read