finance

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…

 Australia on Thursday announced that it will erase the image of British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The central bank's decision…

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…

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,…

World Finance Banking Awards 2022 has presented Zenith Bank Plc to have emerged as the Best Commercial Bank following the Bank retaining the award for a second consecutive year. The bank was also named as the Best Corporate…

Tiger Woods, a 15-time major golf champion, has joined NBA icons Michael Jordan and LeBron James as athletes with a net worth of $1 billion, Forbes magazine reported on Friday. Woods, making a comeback at 46 from severe leg injuries…

Union Bank Plc has announced the completion of the acquisition process of a majority shareholding to Titan Trust Bank. According to a statement released on Thursday, June 2, the bank informed the Nigerian Exchange Group of the…

Members of the House of Representatives have asked the Central Bank of Nigeria to reinforce the use of coins in the country, to tackle inflation and also stabilise the economy. The lawmakers want the “use of coins as a legal tender and…

Award-winning singer, David Adeleke, popularly known as Davido, has on Wednesday, March 16 revealed his plans to donate N20m to 20 business owners. The singer in an announcement made via his verified Twitter account on Wednesday, where…

More than $150 billion has been wiped off the entire cryptocurrency market in the last 24 hours, according to Coinmarketcap data. Cryptocurrencies fell sharply on Thursday after Russia launched an attack on Ukraine. Read Also:…

Nigeria’s financial technology, Flutterwave says it has raised another $250 million in Series D funding, valuing the company at over $3 billion. The latest investors include some of the world’s most respected investors led by B Capital…

Central Bank of Nigeria (CBN) has announced plans to stop selling foreign currency (forex) – US dollar, euro, pound sterling, among others – to banks by the end of the year.  The apex bank had put Deposit Money Banks (DMBs) on notice…

Facebook’s parent firm, Meta has on Thursday lost over $200 billion in stock value — comparable to the size of New Zealand’s economy — after results that raised doubts about the troubled social media giant’s future. In addition to costs…

President Muhammadu Buhari has appointed a foremost professor of economics, Doyin Salami, as his Chief Economic Adviser. Mr Salami was until now the Chairman of the Presidential Economic Advisory Council (PEAC). Femi Adesina, special…

Apple has become the first company to reach a market capitalization of $3 trillion, raising $1 trillion in less than 16 months as the coronavirus pandemic turbocharged big techs. The tech giant surpassed the $182.86 mark on Monday,…