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Category: Business

Forex Infractions: Access Bank, UBA, Fidelity Bank, FCMB To Pay N1.4bn Fine

Five top banks in Nigeria paid a total of N1.4bn as penalties to financial regulatory bodies such as the Central Bank of Nigeria, Security Exchange Council and Financial...

VAT collection: Akeredolu talks tough, warns FG

Rotimi Akeredolu, governor of Ondo state, says the move by the Federal Inland Revenue Service (FIRS) to amend the constitution by including value-added tax (VAT) in the...

Finally, Miyetti Allah Dumps Open Grazing, Adopts New System

      The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Ondo State chapter, has embraced the feedlot operational system as alternative to...

ENaira: CBN Reveals More Revelation About Digital Platform – Emefiele

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the apex monetary authority will own a majority stake in Bitt Inc., its technical...

CBN To Shut Down Aboki FX Website Over Naira Crash

The Central Bank of Nigeria has said that it will shut down the operations of Aboki FX, a provider of currency exchange information, which the bank described as an...

Buhari’s Govt Okays Over 200% Increase In Ground Handling Charges For Airlines After 35 Years

Exactly 35 years after the amendment of ground handling charges, the Nigeria Civil Aviation Authority has approved new safety threshold charges for air cargo companies....

Domiciliary: No plan to convert currencies — CBN reveals

The Central Bank of Nigeria (CBN) has said it has no plan to convert foreign currencies in the domiciliary accounts of bank customers. The Director of Corporate...

FG recommences conditional cash transfer in Osun

Federal Government of Nigeria has recommenced the Conditional Cash Transfer to vulnerable persons in Osun State and also assured them that the backlog would also be paid...

Uzodinma shuts down First Bank, UBA, Access, others for obeying IPOB sit-at-home

Governor Hope Uzodinma of Imo State on Tuesday forces no fewer than five banks to shut down their operations in Owerri, the state capital. The governor sealed the banks...

Francis Atuche Loses N19.2bn As Court Freezes 24 Bank Accounts

Justice Lateefat Okunnu of an Ikeja High Court, Lagos has ordered the forfeiture and freezing of assets and funds belonging to the convicted former Managing Director of...