finance

Union Bank Nigeria Plc has announced that it has reached an agreement to sell a majority stake to Titan Trust Bank Ltd. Titan Trust Bank is chaired by former Deputy Governor of the CBN and Chairman of Flutterwave, Tunde Lemo.…

Online saving and investment platform, PiggyVest has on Sunday, October 7 debunked rumors that it lost N2 billion to an investment scam. The rumors started after an Instagram user @_trapselena_ alleged that Piggyvest and some other top…

Mark Zuckerberg has seen his net worth plummet by billions in a matter of hours after a global outage of Facebook services and ongoing scrutiny of the company from US lawmakers sent its stock plummeting. Facebook stock closed down 4.9%…

Central Bank of Nigeria have on Thursday announced the postponement of the planned unveiling of the digital currency, eNaira. The launch was initially scheduled for October 1, but was postponed due to other activities lined up to…

China's central bank on Friday ruled that all financial transactions involving crypto currencies are illegal, the latest in a series of regulatory measures to crack down on crypto trading. “Virtual currency-related business activities…

President of El Salvador, Nayib Bukele, has announced that his country has “bought the dip” to the tune of 150 bitcoin, putting the country’s total BTC holdings at 700 bitcoin. The world’s oldest cryptocurrency slumped by nearly $4,000…

AbokiFX has reacted to Central Bank of Nigeria Governor, Godwin Emefiele declaring its owner, Oniwinde Adedotun wanted on grounds of allegedly manipulating Nigerian forex market with the platform and allegedly engaging in “illegal foreign…

Federal Government through Central Bank of Nigeria (CBN) has on Friday said it will shut down the operations of ‘Aboki FX’ over publication of exchange rate. ‘Aboki FX’ is a website that provides currency exchange information, which the…

President Muhammadu Buhari is seeking the approval of National Assembly to borrow another $4 billion ($4,054,476,863) and €710 million loans from bilateral and multilateral organisations to fund the deficit in 2021 budget. Buhari is also…

Lagos State Governor, Babajide Sanwo-Olu has on Friday, September 10 signed into law VAT bill earlier passed by House of Assembly. The Governor signed the “bill for a law to impose and charge VAT on certain goods and services” at about…

Central Bank of Nigeria (CBN) has directed all commercial banks to publish the names and Bank Verification Numbers (BVNs) of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks on their…

Rivers State Governor, Nyesom Wike, has on Wednesday insisted on moving ahead with his plan to stop the Federal Government from collecting Value Added Tax (VAT) from the oil-rich South-South state. VAT is a consumption tax paid when…

El Salvador have on Tuesday become the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to the fragile economy. President Nayib Bukele announced late Monday that his…

PayPal has on Monday announced that it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time. The expansion into the hot digital money trend follows…