The Central Bank of Nigeria (CBN) has disclosed a detailed list of 44 licensed Deposit Money Banks operating across the country. This announcement was made […]
Category: Business
Business
Binance CEO Condemns Detention of Executives in Nigeria, Calls it a Dangerous Precedent
Richard Teng, the CEO of cryptocurrency exchange Binance, has criticized Nigeria for setting a dangerous precedent by detaining its executives as part of a crackdown […]
NNPC Assures Nigerians of Adequate Petrol Supply, Warns Against Panic Buying
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it currently has over 1.5 billion litres of Premium Motor Spirit (PMS) petrol in stock, […]
Senate Sets Up Committee to Investigate Delay in Abuja Centenary Economic City Project
The Senate has established a seven-member ad-hoc committee to probe the factors hindering the completion of the $18.5 billion Abuja Centenary Economic City project, a […]
Tinubu Pledges to Boost Industrialization, Promote Affordable Local Vehicles
President Bola Tinubu has reaffirmed his commitment to implementing policies that will drive industrialization in Nigeria. In a meeting with the African Association of Automotive […]
NDIC Increases Deposit Insurance Coverage for Financial Institutions
The Nigeria Deposit Insurance Corporation (NDIC) has raised deposit insurance coverage for all licensed deposit-taking financial institutions, including Deposit Money Banks (DMBs), Microfinance Banks (MFBs), […]
Lagos Governor to Host Justice Reform Summit for Economic Growth and Security
Lagos Governor, Babajide Sanwo-Olu, is set to host a Justice Reform Summit on May 27 and 28, under the theme “Enhancing The Administration of Justice […]
Naira Ends April on Strong Note, Gains N28.15 Against Dollar
The Nigerian naira closed out the month of April on a positive note, gaining N28.15 at the official market to trade at N1,390.96 against the […]
SERAP Sues NNPC Over Alleged Missing $2.04 Billion and N164 Billion Oil Revenues
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for […]
EFCC Set to Prosecute 300 Forex Racketeers in Major Crackdown!
The Economic and Financial Crimes Commission (EFCC) is set to prosecute 300 forex racketeers operating on a peer-to-peer platform outside financial regulations. This move comes […]