finance

For its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for year 2020. This is part of the platform’s 29th annual World’s Safest Banks…

A nine-year-old boy has made nearly $30m in one year from unboxing and reviewing toys and games on YouTube to hold the title of highest-paid YouTuber for the third year running. According to Forbes, Ryan Kaji made $29.5m (N11.2b) from…

Kylie Jenner has topped the Forbes’ list of World’s Highest Paid Celebrities for the year 2020. According to Forbes, the 23-year-old earned $590 million (£434 million) following the massive earnings from the sale of her Kylie Cosmetics…

World Bank Group has approved a $1.5bn package to help Nigeria build a resilient recovery post COVID-19. This was announced by World Bank in a statement entitled “World Bank Group to boost Nigeria’s efforts to reduce poverty” on Tuesday.…

Afrobeats star, Oluwatosin Ajibade, popularly known as Mr Eazi, has announced an experimental plan for his music fans and investors to buy shares in his songs. Mr. Eazi disclosed this in a social media statement on Wednesday, stating …

Elon Musk, founder of the most sought automaker company, Tesla, has just hit a new apex by surpassing Microsoft founder, Bill Gates to become world’s second-richest person. According to a Bloomberg report, Musk has accumulated an…

President Muhammadu Buhari has blamed the country's current state of recession on the COVID-19 pandemic. He said this on Monday in Abuja, while declaring open the 26th Nigerian Economic Summit with the theme: “Building Partnerships for…

Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the current recession, which the Nigerian economy recently slid into, will be short-lived. Over the weekend, Nigeria slid into its worst economic recession in…

Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020, to the Nigerian and London Stock Exchanges. The 3rd Quarter result shows improved performance across key financial metrics,…

National Bureau of Statistics has on Monday November 16, released a data revealing that Nigeria’s inflation rate has risen to 14.23 percent, 0.52 percent higher than the 13.71 percent recorded in September. According to the latest…

Federal Government has announced that it is planning to borrow $750 million from the World bank for some states to stimulate local economies in Nigeria. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed made this…

President Muhammadu Buhari has on Friday assented to the Banks and Other Financial Institutions Act 2020. BOFI Act repeals the extant Banks and Other Financial Institutions Act 1991 as amended, and “updates the enabling law in response…

Central Bank of Nigeria (CBN) has opposed a suit before the Federal High Court in Lagos State seeking to remove the Arabic inscriptions also known as Ajami on naira notes. The apex bank, giving a reason for the opposition, told the…

Mr Adolphus Aghughu has emerged the Acting Auditor-General of the Federation following the retirement of the auditor-general, Mr Anthony Ayine from service. In a statement in Abuja, Media Officer in the Office of the Auditor-General of…

Lagos Chamber of Commerce and Industry (LCCI) has said Nigerian economy has lost N700 billion in 12 days due to the ongoing #EndSARS protests. There have been protests nationwide against the brutality of the Special Anti-Robbery Squad…