Business News

The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed...

The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to...

The 30th Annual Meetings of African Export-Import Bank (Afreximbank) (www.Afreximbank.com) will take place in Accra, Ghana, from 18 to 21 June 2023. The event will mark the high point of the...

An ex-TSB information officer was fined £81,000 by UK regulators for the bank's IT failure in 2018 that prevented millions of customers from accessing their accounts, Entrepreneurng report. Carlos Abarca,...

Even after the company's shares lost half their value in 2022 due to concerns about a recession and a terrible year for tech stocks in general, Amazon CEO Andy Jassy...

As supermarkets take advantage of a spring production boom, Sainsbury's has joined Tesco in reducing the price of milk by 5p a pint, as captioned by Entrepreneurng report. For the...

The Debt Management Office yesterday said it will auction N360 worth of FGN Bonds to domestic investors this month in continuation of the Federal government’s efforts to borrow N11 trillion...

According to the company's attorneys, the shuttered cryptocurrency exchange FTX has recovered $7.3 billion (£5.8 billion) of customer assets and may reopen as a going concern as early as next...

The International Monetary Fund (IMF) has reiterated its advice to Nigeria to step up efforts to bring more people into the tax net, increase taxes, and reduce the country’s debt...

In what Tesco described as an "incredibly tough year for customers," the retailer's profits dropped by half to £753 million last year as it battled "significant operating cost inflation" and...