News

First City Monument Bank (FCMB) has launched a contactless, cardless, and cashless Quick Response (QR) code to boost instant payments for goods and services. The Bank introduced the payment solution...

The Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria, Aishah Ahmad, has expressed concerns over the poor repayment of loans provided by the bank, which she...

The International Air Transport Association has revealed that airlines will pay $222bn extra for fuel this year. IATA’s Regional Vice President for Africa and the Middle East, Kamil Alawadhi, in...

Greenwich Merchant Bank Limited, a mandated Issuing House to the FGN 15.64% N100 billion Sukuk V Issuance, along with other Issuing Houses, has successfully closed the offer with a subscription...

The shareholders of Nigerian Breweries Plc have unanimously approved the issuance of 2.1 billion bonus shares to qualifying shareholders following the conclusion of its Extraordinary General Meeting (EGM) held in Lagos. The value...

The Royal Bahamas Police Force has arrested Sam Bankman-Fried following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX and is likely...

Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures...

Aruwa Capital Management has announced the successful close of its first institutional fund, which was reportedly oversubscribed, and surpassed its $20 million target. Founded in 2019 by Adesuwa Okunbo Rhodes,...

The Comptroller General, Nigeria Agricultural Quarantine Service (NAQS), Dr. Vincent Isegbe, has said the country is expected to earn about $3 billion annually from hibiscus exports to Mexico. Both NAQS...

The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new...