DMB
4 Dec
Telecoms operators have described the refusal of Deposit Money Banks (DMBs) to pay the debts, estimated at N250 billion for the use of the Unstructured Supplementary Service Data (USSD) as a huge disincentive to Nigeria’s emerging digital economy.
4 Aug
The Central Bank of Nigeria (CBN) says it has concluded plans to undertake a Retail Dutch Auction System (DAS) to mitigate foreign exchange demand for eligible transactions through authorised dealers. The bank, in a recent circular, directed all deposit money banks (DMB) in the country to furnish it with a comprehensive list of outstanding legitimate…
1 Feb
Going forward, all deposit money banks (DMB) are to disclose their positions on foreign exchange (FX) holdings and draw it down to not more than 20 per cent short of their shareholders’ funds.
Latest
5 mins ago
This edition of Flytime Fest, a yearly concert in Lagos that celebrates African entertainment, artistry, and culture is a spectacular event that brings together some of Nigeria’s biggest music stars, including Olamide, Wizkid, Omah Lay, and Zlatan
24 mins ago
The Tertiary Education Trust Fund (TETFund) recently convened a meeting in Abuja with heads of beneficiary institutions and other key stakeholders to discuss and finalize the 2025 Intervention Guidelines.
25 mins ago
President of Nigeria Football Federation (NFF), Ibrahim Gusau, has guaranteed Nigerians that the Super Eagles will secure qualification for the 2026 FIFA World Cup, which will be co-hosted by USA, Canada and Mexico.
26 mins ago
Lagos State Emergency Management Agency (LASEMA) has enjoined residents to be safety conscious to prevent any form of emergency or disaster during this Yuletide.
28 mins ago
Deborah “Debbie” Ohiri, an award-winning folksinger, actor, chanter, and vocal coach, has emerged as a formidable voice in the Nigerian art scene. For her, art transcends performance—it is a calling, a way to challenge societal norms
31 mins ago
The Sokoto State Government has flagged off free distribution of another consignment of fertilisers to farmers across the state, for the dry season farming.
33 mins ago
The Nigerian Armed Forces has said that the death of 10 innocent civilians during an air raid of a Lakurawa terrorists’ stronghold in Sokoto State was a needless tragedy.
35 mins ago
The Ooni of Ife, Oba Enitan Ogunwusi, has commended the Karim Adeyemi Foundation for its significant humanitarian efforts. Ogunwusi, who gave the commendation, when the Borussia Dortmund star, Karim Adeyemi
35 mins ago
2024 has been nothing short of a global spectacle in pop culture, uniting us with music, fashion, internet drama, and cinematic brilliance. This year’s creative outpour has been a thrilling rollercoaster of entertainment, from viral dance crazes to high-stake movie launches, beats that got us grooving, and memes that sent us rolling with laughter Here’s…
37 mins ago
From London to Lagos, Bollywood music sensation Kanika Kapoor has taken a bold step by blending Afrobeats into her signature Indian pop. Now settled in Nigeria and embracing new creative energy, she shares her journey of love, cultural fusion, and finding a second home in Afrobeats. It could be the plot sequence for a rom-com…