The announcement comes as the bank intensifies efforts to mitigate further decline of the country’s economy and the national currency
The agency established to enforce Sharia law in some states recently banned stylish haircuts, sagging of trousers, and playing of music at social events by disk jockeys.
The Naira has crashed to a four-year low in the parallel market after the Central Bank’s efforts to coax banks to sell more Dollars to customers failed to bridge the … Continue Reading Naira crashes to 4-year low, the weakest since 2017
Tesla’s chief executive officer Elon Musk has hinted that the electric carmaker may accept Bitcoin (BTC/USD) again as payment for its products. Bitcoin reacted with a 13% pump within 24 hours of his announcement. However, … Continue Reading Tesla Could Start Accepting #Bitcoin Again – Elon Musk
Quality Ceramics Limited is sited at Ikot Ebom and Ikot Ekwere Itam, in Itu Local Government Area of Akwa Ibom State. Utip, who is the Chief Executive Officer, Dimmo Investment … Continue Reading Investors set to revamp Akwa Ibom’s Quality Ceramics company with N900m
The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired … Continue Reading CBN sacks First Bank directors
As a Nigerian, getting funds into your bank account is one of the hardest things owning to the harsh economy. And of course, when you finally find a means to … Continue Reading How BVN can be used to scam, steal money from your bank accounts
Three financial services regulators in the country have sanctioned 10 of the nation’s lenders to the tune of N2.5bn for committing various market infractions, findings by Sunday PUNCH have shown. Specifically, the … Continue Reading CBN, SEC fine 10 banks N2.5bn over irregularities, among others
An employee rides a scooter to deliver groceries from ‘Fridge No More’ in Brooklyn Like millions of people around the world, Yuri Nekrasov stopped going to the grocery store every … Continue Reading Game Changer: Moscow, New York, Witness Fast delivery Amid Pandemic
He said while a bag of cement sells for an equivalent of $5.1, including value added tax (VAT) in Nigeria, it sells for $7.2 in Ghana and $5.95 in Zambia ex-factory, inclusive of taxes.
South African Company, Shoprite Holdings Limited, has announced that the sale of its Nigerian outlets was being concluded. The company said it would shut down operations in the country by … Continue Reading Shoprite concludes plan to exit Nigeria market – CEO
The Standards Organisation of Nigeria (SON) has promised to partner stakeholders in the health care delivery sector to enhance the quality of equipment, machinery and services being offered in the … Continue Reading SON Pledges Support For Local Manufacturers Of Health Care Equipment
Emmanuel said this when the Gambian High Commissioner to Nigeria, Mr Mohamadou Musa Njie, paid him a courtesy visit at Government House, Uyo on Monday. The governor thanked the Gambian High … Continue Reading Ibom Air set to extend flights to Gambia
Businesses of scores of Nigerian outdoor advertising practitioners may go under if the Federal Ministry of Works and the Lagos State Signage and Advertisement Agency fail to provide a level-playing field for practitioners in route and site allocations. PremiumTimes Reports.
Out of the N5bn, airlines got N4bn, while others, including ground handlers, caterers, travel agents, aviation fuel marketers, as well as airport car hire operators, got N1bn.
The Central Bank of Nigeria has set new charges payable by customers using USSD services for their financial transactions. The apex bank said the transaction fees are effective Tuesday, setting … Continue Reading CBN imposes N7 USSD transaction fee on Nigerians