Forex crisis: Why CBN should review recapitalization requirement for BDCs – ABCON
The Association of Bureau De Change Operators has faulted the Central Bank of Nigeria’s fresh recapitalization requirements for its members...
Business
CBN raises interest rate to 26.25% amid rising inflation
The Central Bank of Nigeria Monetary Policy Committee has raised interest rates by 150 basis points to 26.25 per cent...
CBN Withdraws Directive On Cybersecurity Levy Collection
The Central Bank of Nigeria (CBN) has officially rescinded its directive that required banks and payment service providers to collect...
NBS reveals three most expensive states in Nigeria
Kogi, Bauchi, and Oyo are Nigeria’s three most expensive states on a year-on-year basis after recording highest in its All...
Telcos services: Nigeria unveils plan for additional 90,000km fibre
The Nigerian Federal Government said it is launching a Special Purpose Vehicle, SPV, to deliver an additional 90,000 kilometres of...
Why Nigerian govt should stop implicit fuel, electricity tariff subsidies – IMF
The International Monetary Fund has advised the Nigerian government to halt what it referred to as implicit fuel and electricity...
Naira massively depreciates by N160 against Dollar in seven days
The Naira’s woes against the US dollar continued as the currency lost a significant N160 in seven days at the...
GTCO Shareholders Approve $750m Capital Raising …. Approve N94.179bn Dividend For 2023
Shareholders of Guaranty Trust Holding Company (GTCO) Plc on Thursday at the third Annual General Meeting approved the company’s plan...
FG needs N70 billion for solid minerals exploration- Minister
Minister of Solid Mineral Development, Mr. Dele Alake, has said that the Federal Government requires around N70 billion to fund...
IMF Warns FG Against Diluting CBN’s Autonomy
…says Nigeria‘ll raise VAT in 2025 …seeks licensing of global crypto platform The International Monetary Fund (IMF) has cautioned the...
