Business

CBN lifts ban on Opay, Moniepoint, two other fintech banks

With immediate effect, the Central Bank of Nigeria, or CBN, has reversed its prohibition on accepting new clients that was…

7 months ago

First Islamic Bank in Nigeria spearheaded by pastor – CBN governor, Cardoso

According to Olayemi Cardoso, governor of the Central Bank of Nigeria, an assistant pastor led the charge in establishing Islamic…

7 months ago

Why the licence of Heritage Bank was revoked – CBN

The Central Bank of Nigeria (CBN) announced that Heritage Bank’s banking licence had been revoked. According to Mrs. Hakama Sidi…

7 months ago

Naira crashes massively against dollar 24 hours after Tinubu’s anniversary

In the foreign currency market, the Naira saw its first significant depreciation versus the dollar 24 hours after President Bola…

7 months ago

There are two types of touts embarrassing Nigeria at airports – Keyamo

Travellers has been reassured by Minister of Aviation Festus Keyamo that touts will be eliminated from Nigeria's international airports. The…

7 months ago

We’ll support local airline operators – Nigerian govt pledges

In order to foster a favourable atmosphere and facilitate operations, the federal government has pledged to provide greater assistance to…

7 months ago

Why CBN sacked 200 workers amid hardship

Two hundred employees of the Central Bank of Nigeria are said to have been let go due to financial difficulties.…

7 months ago

Naira appreciation: Dollar supply surges by 93% at official forex market

Amid Naira's growth, the official foreign exchange market's supply of US dollars increased to 93%. According to FMDQ data, the…

7 months ago

CITN reveals why Nigerians don’t pay tax

The Chartered Institute of Taxation of Nigeria has attributed Nigerians' failure to pay taxes to a lack of trust in…

7 months ago

CBN sends warning to all banks on Cybersecurity levy

The Central Bank of Nigeria (CBN) has directed all banks to halt the application of a 0.5% cybersecurity fee following…

7 months ago