A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital requirement from the CBN if...
In February 2024, Nigeria’s headline inflation rate rose to 31.70%, up from 29.90% in January 2024, marking an increase of 1.80%. Comparatively, on an annual basis,...
Weststar Associates Limited, the Authorized General Distributor of Mercedes-Benz in Nigeria, has announced the arrival of the highly anticipated, talk of the town, all-new Mercedes-Benz...
The Central Bank of Nigeria (CBN) has reiterated its position on how banks utilize their FX revaluation gains referencing a previous circular dated September 11, 2023....
The Nigerian Communications Commission (NCC) has said that the operators of damaged international undersea cables that have caused Internet service disruption in Nigeria and other countries,...
The news that deposit money banks (DMBs) and merchant banks in Nigeria borrowed a humongous sum of N8.7 trillion through the Standing Lending Facility (SLF)...
Binance, the biggest cryptocurrency exchange, said the Nigerian market was yet to become one of its top markets, even though it holds ‘extraordinary potential.’ Binance stated...
Amid Nigeria’s economic challenges and cost-of-living crisis, the telecommunications sector has emerged as a beacon of resilience and hope. Under the leadership of Dr....
The Nigerian Civil Aviation Authority (NCAA) has issued a stern warning to private jet owners against the unauthorized use of their aircraft for commercial...
The naira, on Wednesday, appreciated by 1.88 percent to N1,570 at the parallel section of the foreign exchange (FX) market from the N1,600/$ traded on March...