Economy
CBN’s currency floating policy will kill the Naira — renowned economist, O. A. Lawal
RENOWNED economist and author, Dr. O.A Lawal has told the Central Bank of Nigeria (CBN) to stop the Naira floating policy it introduced ...
Economy
2023: Economist Intelligence Unit report an embarrassment – Atiku
The Peoples Democratic Party (PDP) 2023 presidential candidate, former vice president, Atiku Abubakar, has described the Economist Intelligence Unit report on the election ...
Economy
Wema Bank showcases strong performance – Doubles Profitability. Commences Rights Issuance in Q3
WemaBank announces its unaudited results for Half Year ended 30th June 2023. The commercial bank achieved improved performance including Gross Earnings of ₦89.09bn, ...
Economy
CAC to delist 100,000 companies from database
The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the ...
Economy
CBN moves interest rate to 18.75%
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the benchmark interest rate by 25 basis points to ...
Economy
FIRS Rakes In N5.5Trillion In Six Months
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June ...
Economy
Wema Bank Launches Season 3 of 5 for 5 Promo, Rewarding Customers with N90m Cash Prizes
Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch ...
Economy
Kwara govt. reiterates commitment to business-friendly environment, hails BOI contributions to SMEs
Kwara State Government on Monday expressed satisfaction that more businesses are springing up in the state owing to the business friendly policies and ...
Economy
Nigeria’s public debt climbs to N49 trn
Nigeria’s total public debt as of March 31, 2023 has grown to N49.95 trillion ($108.30 billion). The country’s public debt added another N3 ...
Economy
5,545 Business Owners to benefit from second phase of NG-CARES for MSMEs in Kwara
Kwara State Governor, AbdulRahman AbdulRazaq has approved the inclusion of Nano Businesses to benefit from the 5,545 second phase of the Kwara NG-CARES ...
Economy
CBN lifts cash deposit restriction on domiciliary accounts
The Central Bank of Nigeria (CBN) has lifted its restriction on domiciliary accounts while allowing account holders to make withdrawals of up to ...
Economy
Nigeria Belgium Luxembourg Business Forum gives hope for FDI
About 180 participants from several European countries and Nigeria participated at the just concluded Nigeria Belgium Luxembourg Business Forum in Brussels with many ...
Economy
Wema Bank Launches Phygital, Its New in-branch Self Service Offering
Wema Bank Plc, the leading financial institution in innovation and technology has launched Phygital Branch, a self-service platform that combines the best aspects ...
Economy
LIRS, FIRS Issue Public Notice on joint tax audit/investigation
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding ...
Economy
Nigeria-Belgium-Luxembourg Business Forum kicks off June 7
All is set for the Nigeria–Belgium–Luxembourg Business Forum holding in Luxembourg and Brussels from June 7 to 9, 2023. The Business Forum is ...
Economy
CBN debunks Naira devaluation report
The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report by Daily Trust Newspaper of June 1, 2023, ...
Economy
Wema Bank SME Business School Trains 250 SMEs in Benin City
Small and medium enterprise (SME) owners at the just-concluded Wema Bank SME Business School held in Benin have lauded the bank for the business transformation ...
Economy
Access Bank gives grants to NYSC members
Access Bank has rewarded 55 members of the batch A, stream two of the National Youth Service Corp (NYSC) with various cash grants. ...
Economy
Unemployment: Abia governor to launch N10bn MSME fund
The new Governor of Abia, Dr Alex Otti, on Monday, said his administration will within the next month, launch a N10 billion Micro, ...
Economy
CBN revokes licenses of 132 microfinance banks, others
The Central Bank of Nigeria has revoked the operating licenses of 132 microfinance banks in the country, alongside those of four primary mortgage ...
Economy
Dangote refinery to generate 135,000 jobs, says Emefiele
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the Dangote Oil Refinery is expected to generate 12,000 megawatts of ...
Economy
Our petroleum products to hit market July – Dangote
The Chairman of Dangote Group, Aliko Dangote, has said that the first tranche of petroleum products from the refinery will be supplied to ...
Economy
Ministry of Foreign Affairs launches online business matching portal
President Muhammadu has called for sustained use of digital tools by Government Ministries, Departments and Agencies to encourage the ease of doing business. ...
Economy
Wema Bank Launches SME Business School 5.0
Wema Bank, the leading innovative bank in Nigeria, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) ...
Economy
Banks get 30-day deadline to close accounts without BVN
The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). ...
Economy
$100m fund to boost fisheries
World Wildlife Fund(WWF) and Finance Earth (FE) have launched $100 million initiative to ensure the transition to more sustainable fisheries worldwide. The ...
Economy
KCCL Inaugurates Solar-Powered Cold Room In Kwara, Pledges Affordable Prices
An Agricultural Value Chain Company, KCCL on Thursday inaugurated a fully solar-powered cold room in Ilorin, Kwara State. A technology-innovative cold room which ...
Economy
Abdulrazaq excited as new multimillion naira cashew firm begins operation, Why we set up in Kwara – official
Kwara State Governor AbdulRahman AbdulRazaq on Monday said the administration is committed to making the business climate more friendly for investments, commending the ...
Economy
Wema Bank Celebrates 78th anniversary, ALAT at six
Lagos, Nigeria – Wema Bank, a leading Nigerian financial institution renowned for its innovative banking solutions and Africa’s first fully digital bank, is ...
Economy
Kwara engages stakeholders, to adopt Nigeria Startup Act
Kwara State Government has commenced the process of adopting the Nigeria Startup Act, which aims to provide support to startups and new businesses ...
Economy
NG-CARES: FG releases N45.3b reimbursement to states, FCT – Obaje
The Federal Government has approved the release of N45.3 billion as reimbursement to States and the FCT for the implementation of the Nigeria ...
Economy
Prioritise productive sector to lift economy, manufacturers tell new govt
The Manufacturer Association of Nigeria (MAN) has urged the in-coming administration to give maximum priority to the productive sector, noting that the economy ...
Economy
FG bars online banks from accessing customers’ photos, contacts
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as ...
Economy
China meets Tinubu on trade, diplomatic relations with Nigeria
The Chinese government said its delegation headed by its ambassador to Nigeria has met with President-elect Bola Tinubu to discuss diplomatic and trade ...
Economy
Kwara to offset debt with excess crude account deductions
The Kwara state executive council has approved offset of its local debt stock with the outstanding payment of its share of the federal ...
Economy
FG approves 173 loan apps, bars illegal online banks
The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in the country. Of the 173, 119 have ...
Economy
Moruf Oseni takes over as the MD/CEO of Wema Bank Plc
Wema Bank Plc has announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in ...
Economy
Emefiele apologises to Nigerians for failed online transactions
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, Tuesday, apologised to Nigerians for the failed online transactions. Emefiele admitted challenges faced by ...
Economy
Wema Bank Organises Financial Literacy Programme for Students to mark 2023 Global Financial Literacy Day
Wema Bank Plc, Nigeria’s leading Innovative Financial Institution is championing financial literacy for the next generation by participating in the Global Money Week ...
Economy
Buhari exempts digital economy sector from 5% excise duty
The Minister of Communications and Digital Economy, Prof. Isa Pantami, says President Muhammadu Buhari has approved the exemption of the digital economy sector ...
Economy
Old Naira : Economists urge CBN to comply to apex court’s ruling
Some economists have urged the Central Bank of Nigeria (CBN) to comply with the Supreme Court’s ruling, making the old Naira notes to ...
Economy
Governor AbdulRazaq flags-off construction of multi-storey Kwara Revenue House
Kwara State Governor AbdulRahman AbdulRazaq on Thursday performed the official groundbreaking ceremony of the construction of the multi-storey and multi-purpose Kwara Revenue House ...
Economy
Scarcity of cash: CBN unveils eNaira enhanced services for unbanked, underserved
The Central Bank of Nigeria (CBN) in collaboration with ChamsMobile Ltd. and Super Agents have developed the eNaira enhanced services to address challenges ...
Economy
World bank President ‘resigns’
World Bank President David Malpass has said he would leave his post well before his term ends, months after running foul of the ...
Economy
Zamfara govt orders arrest of persons rejecting old naira notes
Governor Bello Muhammad Matawalle of Zamfara State has ordered the arrest of any person who refuses to accept the old currency notes of ...
Economy
Over 100m SIMs produced locally in 1 year- NCC
The Nigeria Communications Commission (NCC) says over 100 million Subscribers Identity Module (SIM) has so far been produced locally within a year of ...
Economy
CBN directs DMBs to freeze accounts of individuals linked with Abdul Rehman
The Central Bank of Nigeria (CBN) has directed financial institutions to freeze the accounts of individuals linked to Abdul Rehman Makki. The apex ...
Economy
New Naira: CBN deploys POS operators
In an effort to decongest long queues and difficulties being experienced by residents at ATM points across banks in Lafia, the Nasarawa state ...
Economy
National Data Protection Bureau to create 500,000 jobs – Official
The National Data Protection Bureau (NDPB) says it will create 500,000 jobs from its planned initiative of licensing indigenous institution to train and ...