Business
MTN Nigeria Threatens Shutdown Without Urgent Tariff Increase
MTN Nigeria has warned that the company may be forced to shut down if the country’s policies are not adjusted...
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FCCPC Orders Traders to Reduce Prices, Grants One-Month Compliance Period
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a directive to traders across Nigeria to reduce the prices...
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Fidelity Bank Fined ₦555 Million by FG for Data Protection Violations
FGThe Federal Government of Nigeria has imposed a hefty fine of ₦555 million on Fidelity Bank Plc for serious breaches...
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Pornographic Hack Disrupts Crucial Investors’ Call for Nigeria’s $500M Bond
In an unexpected disruption during a crucial investors' call organized by Nigeria’s Debt Management Office (DMO) on Thursday, a pornographic...
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CBN Approves Financial Support for Unity and Providus Bank Merger
The Central Bank of Nigeria (CBN) has approved a significant financial support package to facilitate the proposed merger between Unity...
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CBN Raises Exchange Rate for Cargo Clearance Amid Naira Depreciation
The Central Bank of Nigeria (CBN) has increased the exchange rate for cargo clearance at the nation’s seaports and airports...
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Multichoice Group Reports Significant Drop in DStv Subscribers in Nigeria
Multichoice Group, the African pay-TV operator, has reported a notable decline in the number of DStv subscribers in Nigeria. According...
Read moreCBN Sets Deadline for PoS Operators’ Registration
In a bid to bolster the integrity and security of Nigeria's financial landscape, the Central Bank of Nigeria (CBN) has...
Read moreCentral Bank of Nigeria Orders Four Fintech Companies to Halt Customer Onboarding
The Central Bank of Nigeria (CBN) has instructed four fintech companies to cease the onboarding of new customers until further...
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CBN Reverses Policy, Set to Sell $20,000 to BDC Operators
In a significant policy reversal, the Central Bank of Nigeria (CBN) has announced its intention to resume the sale of...
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NAFEM Records Sharp Decline in Dollar Sales, Naira Depreciates Amid Forex Market Challenges
The Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a notable downturn in dollar sales on Friday, with transactions plummeting by...
Read moreCBN Raises International Money Transfer Operator License Fee by 1,900% to N10 Million, Prohibits Banks and Fintechs from Direct Operation
The Central Bank of Nigeria (CBN) has implemented a substantial increase in the application fee for international money transfer operators...
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Naira Hits Record High of N1,513/$ in Official Market Amidst Currency Challenges
The Central Bank of Nigeria (CBN) successfully cleared the verified backlog of foreign exchange claims owed to foreign airlines on...
Read moreNigerian Naira Posts Substantial Gain, Soars to N874.79 per Dollar in Forex Markets
The Nigerian naira has recorded a significant surge in the Nigerian Foreign Exchange Market (NAFEM), appreciating to N874.79 per dollar....
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