Business

Nigeria's external reserves fell by $427.14m in one month, figures obtained from the Central Bank of Nigeria, CBN revealed on Monday. This is as the crisis in the country’s currency worsened over the scarcity of the new naira notes.…

The Federation Account Allocation Committee, FAAC says it shared N750.17bn among the three tiers of government in January 2023. The figure represents a decrease of N240.02bn compared to the N990.19bn shared in December 2022. Read…

Commercial banks are now able to pay customers with the newly designed naira notes over the counter, per instructions from the Central Bank of Nigeria (CBN). The CBN announced in a statement on Thursday that the new guideline was…

The Central Bank of Nigeria (CBN) has finally extended the deadline for the exchange of old naira notes by 10 days. In a press statement issued on Sunday, Godwin Emefiele, the CBN governor, said the new deadline is February 10, 2023.…

The 774 Local Government Areas of the federation now have Cash Swap Centres set up by the Central Bank of Nigeria (CBN). This was stated in a circular the apex bank released over the weekend. The circular, dated January 20, 2023,…

Google has issued a memo, pledging to ensure user safety is a top priority when it comes to ads and monetized content on its platforms. The statement issued on Thursday reads; Thousands of Googlers work around the clock to prevent…

The Central Bank of Nigeria  (CBN) has injected $15.3bn into the economy to stabilise the value of the naira from January to October, 2022. This was obtained in the banking sector regulator’s monthly and quarterly economic reports on…

Banking system continued to be resilient with major financial soundness indicators comparing favourably with the prudential thresholds as of the end of October 2022, according to the CBN. The Central Bank of Nigeria (CBN)…

Due to wrong contradictions,Central Bank of Nigeria (CBN) has said there is a huge circulation of the new naira notes in the economy. The CBN Lagos Branch Controller, Godfrey Koyor, said this during a stakeholder sensitisation event…

The International Monetary Fund (IMF) has cautioned of an impending recession that will hit one-third of the world in 2023. The Managing Director, IMF, Kristalina Georgieva, made this known during an interview with CBS, an American…

Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's borrowing from the Central Bank of Nigeria will consume nearly 62% of government revenue by 2027. The Nigeria Development…

Following Nigerian banks suspending international transactions of naira-denominated Mastercard, Guaranty Trust Bank (GTB) has joined the growing list. According to the bank, this suspension will come into effect from December 31,…

Elon Musk has revealed that Twitter users will be able to switch off new view counts, days after the social-media platform introduced the feature. Responding to a user complaining about the new feature's "messy" look, Musk said on…

The Vice Chairman and Chief Executive Officer Max Air, Alhaji Bashir Mangal is dead. Bashir, the younger brother of the business mogul and Chairman of Max Air, Alhaji Dahiru Bara’u Mangal, died in the early hours of Friday, in Abuja…

Twitter announced the end of 'free promotion' for certain social media platforms on Sunday. In a series of tweets, the company said users are no longer allowed to promote accounts on Facebook, Instagram, and more. Read Also: CBN…