Monday, 11th December 2023
Breaking News:


19 Jun
The National Insurance Commission (NAICOM) has revealed plans to lead deliberations at the 2023 National Confab on ‘Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector.’
19 Jun
Inter switch has partnered with Equity Bank, one of the top Banking Groups in East Africa, to provide the bank’s customers with faster and more affordable banking services at over 650 Interswitch-enabled ATMs belonging to 17 local banks in Uganda
22 May
Nigeria is witnessing a rise in forex trading adoption, driven by the country's high youth unemployment rate. Many Nigerians are exploring forex trading as an opportunity to earn a living, even though it is considered a high-risk venture. However, traders in Nigeria, particularly beginners, face increased risks of financial loss due to scams prevalent in…
27 Apr
Experts said the collapse of Silicon Valley Bank (SVB) has necessitated the need for stronger regulation and supervision to achieve a sound, stable and healthy financial system.
21 Apr
Of the $836.5 billion mobile money transactions processed in Africa, West Africa recorded $277 billion.
22 Mar
To empower Nigerian users with easy and safe access to crypto, Web3 company, ConsenSys has revealed that it is expanding its offering in Nigeria by partnering with MoonPay, to provide seamless, effective access to crypto via MetaMask, a self-custody wallet.
7 Mar
Agusto & Co, a rating and research firm, says the cash squeeze is pushing cash-dependent businesses, most of which are Micro, Small and Medium-Scale Enterprises (MSMEs) to the brink just as the wellbeing of millions, mostly rural dwellers, is being threatened by the prolonged crisis.
20 Feb
To entrench a high level of corporate governance among listed firms, audit committee members have been urged to work with the internal audit department in identifying risks that pose the greatest threat to a company's reputation, strategy and operations, as well as help ensure that such risks are mitigated.
14 Feb
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to look beyond the politics of the Naira redesign and focus on the damaging effects on businesses and the economy at large.
3 Feb
Despite the economic hardship in the country, the Seme Command of Nigeria Customs Service (NCS) has intercepted fake United States currency worth $6 million, an equivalent of N2.7billion at exchange rate of N460.52 and arrested two suspects conveying the fake currency from Nigeria to the Republic of Benin.
3 Feb
The embattled Nigerian banking public suffered further woes yesterday as banks Unstructured Supplementary Service Data (USSD) platforms failed to deliver for customers.
1 Feb
The Managing Director of First City Monument Bank (FCMB), Mrs Yemisi Edun, has advocated increased collaboration among banks, especially in information sharing, to effectively combat money laundering, terrorist financing and other illicit practices within the financial system.
14 hours ago
The Centre for the Promotion of Private Enterprise (CPPE) has warned that an increase of the customs duty exchange rate from N783 to N952/$ would worsen the already-high inflation rate and increase the cost of production.
14 hours ago
FMDQ Spot and Derivatives markets recorded a turnover of $557.8 million, representing a decrease of 6.63 per cent ($39.60 million) for the week ending on December 8 compared to $597.4 million achieved in the previous week.
14 hours ago
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, and other stakeholders have called for tax holidays for businesses operating in Nigeria.
14 hours ago
The Bank Directors Association of Nigeria (BDAN) at its Annual General Meeting (AGM) noted that the association grew its income 29.7 per cent for 2022 compared to the previous year.
14 hours ago
Heirs Insurance Group has presented a 30KVA solar power station to the Ikoyi Passport Office of the Nigeria Immigration Service (NIS) to address its operational challenges.
14 hours ago
Chief Executive Officer of Wema Bank Plc, Moruf Oseni, has stressed the need to provide an innovative platform to address fundamental issues impacting micro, small and medium enterprises (MSMEs) and women-led businesses while also focusing on climate issues.
14 hours ago
The Securities and Exchange Commission (SEC) has affirmed that an active collaboration between the government and market participants would enhance growth and facilitate economic development.
1 day ago
The Aig-Imoukhuede Foundation has successfully trained 101 public servants through the AIG Public Leaders Programme (PLP), to further improve their deliveries at workplaces.
1 day ago
Oba Adeyeye Ogunwusi The Ooni of Ife, Oba Adeyeye Ogunwusi, has charged the Federal Government to intensify its patronage of local manufacturers as a deliberate means of growing the economy. Speaking in Ile-Ife in commemoration of the eighth anniversary of ascending the Ooni throne, he said the country’s political leaders must begin to patronise local…
1 day ago
Haulage operators in the country have bemoaned the increasingly high cost of operating amid bad roads and insecurity challenges.