Business News

The Central Bank of Nigeria (CBN) has instructed commercial banks to halt the imposition of charges on cash deposits until September. This directive comes as a response to protests from...

The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that...

The Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and gas export proceeds by international oil companies. The apex bank...

Experts have called on the Federal Government to implement policies that would encourage investments in the country’s technology ecosystem. They stated this at the third edition of the TMT Business...

According to data from the Central Bank of Nigeria (CBN), in March, Nigerian banks witnessed a substantial decrease in lending to both the private and public sectors, amounting to N23.99...

A global collaborative effort involving the World Bank, the Food and Agriculture Organization of the United Nations (FAO), and the International Fund for Agricultural Development (IFAD) is set to deploy...

The Central Bank of Nigeria (CBN) has instructed banks nationwide to impose a 0.5 percent cybersecurity levy on electronic transfers. Issued in a circular signed by Chibuzor Efobi and Haruna...

In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the...

Forex, month over month (MoM), the amount of dollars traded (turnover) on the Nigerian Foreign Exchange Market (NAFEM) decreased by 37.4%, from $5.54 billion in March 2024 to $3.47 billion...

Seven firms, including Dangote Sugar Refinery, Unilever Nig Plc and Nigerian Breweries have seen their combined workforce reduce by 1,281 between 2022 and 2023, according to findings by The PUNCH....