The Central Bank of Nigeria (CBN) has announced that it has stopped granting loans to the federal government. Speaking at an interactive session with […]
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Category: Business
$1bn came into the market in past few days – CBN boss Cardoso tells senators new policies are working
CBN Governor Yemi Cardoso appearing before the Joint Senate Committee on Finance, Banking, Insurance and Financial Institutions on Friday, February 9 said the measures taken […]
NNPCL denies planning to increase fuel price
The Nigerian National Petroleum Company (NNPC) Ltd has denied planning to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol. […]
Exit of pharmaceuticals from Nigeria is due to non-domestication — FG
The federal government stated that the reason behind the exit of pharmaceuticals from Nigeria was due to the non-domestication of their products in the country. […]
36 oil blocks under concession to international companies and others — NNPC
Nigerian National Petroleum Company (NNPC) Limited has released a report showing that no fewer than 36 oil blocks are under concession to international oil companies […]
Fraudsters trick Finance worker into paying them $25 million using deepfake AI to pose as ‘chief financial officer’ in video conference call
A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief […]
FIRS to go after Skit makers and influencers over Tax payment
The Federal Inland Revenue Service (FIRS) has announced plans to ensure skit makers, influencers, and digital content creators in Nigeria pay taxes. DailyTrust reports […]
Naira exchanges at N1,440/$ in parallel market
The Naira on Friday, February 2, exchanged at N1,440 to a dollar, from N1,450 per dollar on Thursday, February 1. The Naira also appreciated to […]
Abuja BDCs shut down over dollar scarcity
Chairman of the Association, Mallam Abdulahi Dauran, announced this in the nation’s capital, on Wednesday. He attributed the development to online business transactions and… […]
Femi Otedola appointed as chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was […]