finance

Central Bank of Nigeria has directed banks to place a post-no-debit restriction on the bank accounts of 18 companies. According to TheCable, the directive was contained in a circular dated August 18 and signed by the Director of Banking…

Office of the Auditor-General of Federation has said that no money is missing from the Federation account. This was contained in a clarification note released by the AuGF’s press unit. In a clarification note released by the AuGF’s…

Fintech investment platform, Rise has on Tuesday, August 17 out a statement on the recent court injunction obtained by Central Bank of Nigeria (CBN), permitting the freezing of its accounts pending investigations that the apex bank is…

Central Bank of Nigeria (CBN) has reportedly been granted the request to freeze accounts of six financial technology (fintech) companies by a Federal High Court in Abuja. According to a report by TheCable, the apex bank said it is…

From nearly being bankrupt in 2009, Pop star and fashion entrepreneur, Robyn Rihanna Fenty widely known as Rihanna, has officially earned herself a spot on Forbes’ World’s Billionaires List as she is now worth over $1 billion. Business…

Central Bank of Nigeria (CBN) has on Thursday, July 29 directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of foreign exchange to meet legitimate forex requests of their customers. The new…

Central Bank of Nigeria (CBN) has on Tuesday, July 27 announced discontinuation of the sales of forex to Bureau De Change (BDC) operators in the country. Central Bank also confirmed that they will no longer license new BDC operations…

Two South African brothers accused of fleeing with $3.6billion in Bitcoin reportedly bought citizenship for Pacific Island of Vanuatu months before their disappearance, it has emerged. Ameer and Raees Cajee, the founders of a South…

LeBron James has become the first NBA player to make $1 billion while still active in the basketball. The news comes after Space Jam: A New Legacy, which James starred in and produced, enjoyed a whopping $31.6 million in revenue its…

The popular phrase ‘It's A Man's World’ has remained true for decades but Nigeria’s banking sector, though male-dominated, is now witnessing the rise of more women to top tier roles. These women are now holding key positions like…

Nigerian Exchange (NGX) Limited, on Tuesday, July 13, marked the listing of Guaranty Trust Holding Company Plc’s (GTCO Plc) shares with a Closing Gong Ceremony on the main floor of the exchange. This follows the completion of all…

Raees Cajee, co-founder and CEO of South African cryptocurrency investment platform, AfriCrypt, has denied claims that he and his 18-year-old brother, Ameer, disappeared with billions in investor funds, saying less than $5 million is…

World’s largest cryptocurrency exchange, Binance has been banned from operating in the United Kingdom by the country's markets regulator, in the latest sign of a growing crackdown on the crypto market around the world. Britain's…

Two South African brothers have reportedly vanished with $3.6 billion worth of bitcoin, in what could potentially be the biggest cryptocurrency heist in history. In 2019, Ameer Cajee and his younger brother, Raees Cajee founded the…

President Muhammadu Buhari has inaugurated National Steering Committee (NSC) of National Poverty Reduction with Growth Strategy (NPRGS) to be chaired by the Vice President, Professor Yemi Osinbajo. This, he said, re-echoes his commitment…