Finance

Bank customers pay N119bn charges for e-banking services

Customers of eight commercial banks paid N119.3 billion as service charges for electronic business (e-biz) transactions in the first quarter of 2024 (Q1’24). This represents a 65 percent year-on-year (YoY) increase…

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Obi-Kwankwaso Movement Unveils 59-Member Campaign Council for 2027

The Obi-Kwankwaso Movement has unveiled a 59-member presidential campaign council as it begins preparations for…

Nigeria Wins $3.38bn Mambilla Power Project Arbitration Battle

The Federal Government has secured a major victory in its nearly nine-year international arbitration dispute…

Babcock University Unveils Plan for Greater Global Relevance

The President and Vice-Chancellor of Babcock University, Ilishan-Remo, Prof. Afolarin Ojewole, has pledged to strengthen…

Sports Development: Adedoja Blames Politicisation for Nigeria’s Setbacks

A former Minister of Sports and Special Duties, Prof. Taoheed Adedoja, has attributed Nigeria’s challenges…

Kunle Afolayan: Netflix Partnership Transformed KAP Group’s Filmmaking Journey

Award-winning filmmaker and actor Kunle Afolayan has described KAP Group’s partnership with Netflix as one…

Team Lagos Tops Southwest Qualifiers for 23rd National Sports Festival

Team Lagos has emerged top in the South-West elimination series for the team events ahead…

Just for You

Shettima Back In Nigeria After BRICS Summit

Vice President Kashim Shettima has returned to Nigeria after representing President Bola Ahmed Tinubu at…

NIS Extends Passport Intervention In UK As 1,477 Nigerians Enrol

  The Nigeria Immigration Service has extended its Special Passport Intervention Exercise in the United…

Trump Pledges $5,000 Payment to Americans if Republicans Retain Congress

US President Donald Trump has promised to pay a $5,000 federal “dividend” to every adult…

Trump Threatens ‘Tremendous’ Penalties Over Economic Support for Iran

US President Donald Trump has announced a major new campaign to intensify economic pressure on…

Lasted Finance

Banks recapitalization will increase loans, advances — Proshare

Analysts at Proshare Nigeria, an online news media, have projected increased bank loans and advances among other things following banks’ recapitalization.…

Naira depreciates to N1, 520/$ in parallel market

The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. Similarly, the…

CBN to sanction banks for rejecting old, small Dollar denominations

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of…

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in…

CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to…

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…