Business News

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its...

The Manufacturers Association of Nigeria, Lagos Chamber of Commerce and Industry and the Centre for the Promotion of Private Enterprise have commended the Federal Government over its decision to halt...

The Corporate Affairs Commission has pledged to strengthen its relationship with the Nigeria Financial Intelligence Unit to ensure Nigeria exits the Financial Action Task Force’s grey list. The Registrar-General and...

Economists have urged the government to tackle the challenges posed by high energy costs, and insecurity, which has slowed down food production and foreign exchange volatility, to tame the accelerating...

Fan Milk Plc has revealed its collaboration with Obasanjo Farms Nigeria Limited to enhance dairy production in Nigeria. The partnership aims to drive dairy farming expansion and promote local sourcing...

The Central Bank of Nigeria (CBN) has restated that banks operating there are prohibited from using their foreign exchange (FX) revaluation gains to pay dividends or cover operational expenses. In...

The Bank Directors Association of Nigeria has called for collaboration between lawmakers, regulatory authorities and the banking sector operators in the formulation and review of banking policies. According to a...

The value of global dividend payouts to shareholders has reached a record high of $1.66tn in 2023, a five per cent increase over the previous year. According to the latest...

MTN Nigeria has said the network connectivity disruptions experienced by its customers were due to damage to an overseas undersea cable. The telecom operator disclosed this in a statement on...

The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses. In a...