Finance

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema Bank, Polaris Bank and Unity Bank Acting Director of Corporate…

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Fact Check: No Evidence Bandits Use Starlink, Contrary to Bwala’s Claim

A recent claim by lawyer and political figure Daniel Bwala that criminal groups in Nigeria…

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Fuji Icon KWAM 1 Asked to Prove Lineage in Awujale of Ijebuland Race

The Fusengbuwa ruling house of Ijebu-Ode has directed popular Fuji musician Wasiu Ayinde, also known…

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Army Halts Officer Retirements as Nigeria Grapples with Surge in Kidnappings

The Nigerian Army has suspended all statutory and voluntary retirements for certain categories of officers…

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Adamimogo 105.1FM Finishes as Runners-Up in Oba Kola Daisi SWAN Football Tourney

An Ibadan-based radio station Adamimogo 105.1 FM has emerged as the runner-up in the second…

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Police Launch Investigation After Abduction of Cleric’s Daughter in Ibadan

The Oyo State Police Command has confirmed the abduction of Mrs. Ibukun Otesile, daughter of…

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Emery Plays Down Villa’s Title Hopes Amid Stunning Premier League Run

Unai Emery is adamantly refusing to frame Aston Villa as Premier League title contenders, even…

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Just for You

Tinubu; Nigeria Will Not Be Intimidated Despite Tension From International Community Over Purported Genocide

  President Bola Tinubu has declared that Nigeria will not be intimidated despite rising international…

Anambra Decides: 2.8 Million Voters Go to Polls in First Election Under New INEC Chairman

Over 2.8 million eligible voters across Anambra State will today decide who leads the state…

Precious Cornerstone University to Graduate 143 Students, 14 Bag First Class Honours

Precious Cornerstone University (PCU), Ibadan, is set to graduate 143 students at its 4th Convocation…

AEDC Sacks 800 Workers Amid Economic Hardship and Power Supply Challenges

The Abuja Electricity Distribution Company (AEDC) has embarked on a major retrenchment exercise affecting about…

Lasted Finance

CBN will support Eurobond issue, measures to boost external reserves – Cardoso

Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external…

Nigeria’s terms of trade falls 0.12%

All commodity terms of  trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the…

Foreign loans drive up capital importation by 19% to $330m

Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million…

Net forex inflow into economy falls 39% to $2.37bn

Net foreign exchange inflow into the economy fell by 39 per cent Month-on-Month, MoM, to $2.37 billion in January from $3.91…

No plan to revoke Wema, Polaris, Unity, Fidelity licences — CBN

The Central Bank of Nigeria yesterday said there are no plans to revoke the operating licenses of Fidelity Bank, Wema…

Stock investors gain N619bn in May despite rates hike

The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of…

Nigeria must leverage national assets to attract forex inflow — Teriba

Nigeria must levrage on its national assets in order to attract foreign exchange inflows and build huge external reserves needed to…

Presidential tax committee recommends N800/$ Customs duty rate

The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty…

GDP not enough to measure economic growth — AfDB

Dr Akinwumi Adesina, the President of the African Development Bank (AfDB), says an increase in the Gross Domestic Product (GDP)…

EFCC invites Kwankwaso over alleged N2.5bn pension fraud

The Economic and Financial Crime Commission is probing a former Kano State Governor, Rabiu Kwakwanso, over alleged N2.5bn pension fraud.…