Financial

1. CBN suspends charges on large cash deposits The Central Bank of Nigeria, CBN, has suspended charges on cash deposits above the regulatory limits of N500,000 for individuals and N3,000,000...

The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that liquidation dividends totaling N16.18 billion, intended for depositors of 20 closed banks, remain unclaimed. During the ongoing 44th Kano International Trade...

1. NADDC urges institute to adopt technology The Director General of the National Automotive Design and Development Council, Joseph Osanipin, has advised the Auto Sector Skills Council to incorporate advanced...

1. Cash shortage hits banks, customers rush for BVN/NIN revalidation  Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers...

Gold reached a new high on Monday, as rising expectations that the Federal Reserve will cut interest rates in the new year have weakened the dollar in recent weeks. The...

1. Nigeria’s trade surplus rises 47% to N1.88trn in Q3’23  Nigeria’s trade surplus improved further in the third quarter, Q3’23, rising 47 per cent, quarter on quarter, QoQ, to N1.88...

In recent years, Decentralized Finance (DeFi) has emerged as a powerful force in the world of finance. The rise of DeFi has been fueled by the desire for an alternative...

Zenith Bank Plc has signed an agreement with the French Government to establish a subsidiary of Zenith Bank Plc in France. The MoU, signed on Friday, November 24, 2023, by...

1. Sahara Group unveils 2060 net zero plan to drive sustainability  Sahara Group, a Nigerian energy and infrastructure entity, has said it is committed to transforming into a net zero...

1. Flight diversion: NCAA may suspend United Nigeria Airlines leased planes The Nigeria Civil Aviation Authority has begun an investigation into the circumstances surrounding United Nigeria Abuja-bound flight which was...