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eNaira: 33 banks, 2,000 customers already registered

History was made in Nigeria on Monday following the formal unveiling of the Central Bank Digital Currency (CBDC), also called the eNaira, which is...

FBN Holdings confirms Otedola’s substantial shareholding in company

FBN Holdings Plc has announced that the Chairman of Calvados Global Services Limited, Mr Femi Otedola, has acquired substantial shareholding in the company. FBN Holdings...

FOREX scarcity will lead to job losses, dwindling profits

Stakeholders including the Manufacturers Association of Nigeria and the Association of Small Business Owners on Sunday lamented the worsening scarcity of forex in the...

AbokiFX not responsible for Naira devaluation – Pat Utomi

Some financial experts disagree with the decision of the Central Bank of Nigeria to prosecute the owner of AbokiFX, describing it as a waste...

Fed Govt to shut down Aboki FX website, plans to prosecute owner

The Federal Government has said that it will shut down the operations of Aboki FX, a website providing currency exchange information, which the bank...

Southern Govs speak with one voice on VAT

Governors from southern Nigeria have expressed support for the collection of Value Added Tax (VAT) by state governments. The governors, who met at the Government...

NASS backs President Buhari on fresh $4.9billion loan

The Senate on Wednesday justified the President, Major General Muhammadu Buhari (retd.)’s plan to obtain $4.054bn and €710m ($$839m) loans. The Chairman of the Senate...

Domiciliary Account conversion Circular described as fake by CBN

The Central Bank of Nigeria (CBN) yesterday urged the public to disregard a fake circular trending on the social media that suggests it has...

VAT crisis: N3.9trillion revenue drop imminent as Wike, Sanwo-Olu adamant

The Federal Government, the Federal Capital Territory and about 34 states may face revenue drop to the tune of over N3.9tn if the governments...

BDC Operators groan under new CBN Forex Policy

One month after the Central Bank of Nigeria (CBN) announced discontinuation of foreign exchange allocation to Bureau De Change firms, operators and traders in...

Zainab Ahmed, Nigeria’s Minister of Finance, justifies FG’s borrowing

Against the backdrop of mounting criticism over Nigeria’s debt sustainability, the Minister of Finance, Zainab Ahmed, has said the Federal Government is borrowing “sensibly”...

DSTV owners, Multichoice, ordered to pay N900billion

The Tax Appeal Tribunal (TAT) has ordered Multichoice Nigeria Limited, owners of Nigeria’s DSTV, to deposit with the court about N901 billion, being 50...

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