CBN sacks 200 staff members
The Central Bank of Nigeria (CBN) on Friday relieved, at least, 200 staff. The development came in addition to the long list of ongoing disengagements...
FIRS unveils new slogan
The Federal Inland Revenue Service (FIRS) has unveiled a new slogan. The newly launched slogan is “Simplifying Tax, Maximising Revenue” replacing the previous one, “It...
CBN expresses support for fintechs
The Central Bank of Nigeria, CBN, has reiterated its readiness to support financial technology companies, FinTechs. Olayemi Cardoso, the CBN Governor, gave the explanation on Tuesday...
No Nigerian bank under pressure over recapitalisation – CBN Governor
Olayemi Cardoso, the governor of the Central Bank of Nigeria, has disclosed that no Nigerian bank is under pressure over recapitalisation. Cardoso made this known...
Equity market rises 0.11% following CBN’s rate hike to 26.25%
The equity market saw a 0.11 per cent increase on Tuesday, driven by the Central Bank of Nigeria’s Monetary Policy Committee, MPC’s decision to raise...
Naira appreciates by N3.31, exchanges N1,465.68 to Dollar
The Naira gained N3.31 in the official market on Tuesday, trading at N1,465.68 per dollar. According to data from the FMDQ Exchange, which manages the...
IFC reveals hindrance to business digitalisation in African
The International Finance Corporation has disclosed that the high cost of digital equipment and software in Africa is stopping businesses from digitalisation of their operations....
MTN announces 2024 Scholarship for Nigerian students
MTN Nigeria Foundation has announced scholarship opportunities for Nigerian students to support education and empower the next generation of leaders. It has also increased the...
Safety Violation: UK airline regulator accuses Air Peace
The United Kingdom Civil Aviation Authority has written Nigeria’s Civil Aviation Authority stating Air Peace has reportedly violated some aviation safety regulations. The development came...
CBN makes u-turn, withdraws circular on cybersecurity levy
The Central Bank of Nigeria has made a U-turn retracting its new directive calling on banks and payment service providers to collect and remit the cybersecurity...