Business

CBN to Fine Banks N150 Million Per Branch for Diverting Mint Naira Note To Hawkers

CBN has announced N150m fines per branch for banks aiding illegal mint naira note distribution to currency hawkers.

7 hours ago

First Bank Dismisses Allegations of N7 Billion Fraud as ‘Unfounded’

FirstBank has dismissed allegations of a N7 billion fraud, describing the claims as unfounded and lacking any factual basis

1 day ago

CBN Confirms Old Naira Notes Remain Legal Tender Indefinitely

CBN has reiterated old Naira notes remain legal tender indefinitely, following Supreme Court ruling allowing concurrent circulation of all denominations.

1 day ago

Femi Adegolu: Nigeria Owning Bitcoin Reserves Could Attract Foreign Investment, Provide Economic Sovereignty

Femi Adegolu has said Bitcoin reserves could help fight inflation and reduce dollar dependency, offering Nigeria a path to economic…

2 days ago

Naira Gains At Both Official, Parallel Markets To N1,535, N1,700

Naira has strengthened to N1,700 in the parallel market, gaining N20, while official market rose to N1,535

2 days ago

Nigeria Targets Policies to End High Mortality Rate of Nigerian Airlines, Ensure Longevity

Nigerian government has outlined policy frameworks and Cape Town Convention compliance to ensure longevity for Nigerian airlines.

2 days ago

Access Bank Targets South African Market with $159 Million Bidvest Bank Acquisition Deal

Access Bank has acquired Bidvest Bank to strengthen its South African presence and solidify its pan-African growth strategy.

2 days ago

Seplat Energy Completes Acquisition of ExxonMobil’s MPNU Assets in $800 Million Deal

Seplat Energy has finalised ExxonMobil’s MPNU acquisition, set to double production capacity and pledging growth, profitability and national prosperity.

2 days ago

Ekiti Airport Receives Approval To Begin Non-Scheduled Flight Operations

Ekiti Agro-Allied International Cargo Airport has received approval to commence non-scheduled flight operations.

3 days ago

Keyamo Inaugurates NCAA Flight Data Centre to Enhance Safety in Nigeria’s Aviation Sector

Festus Keyamo has inaugurated NCAA Flight Data Centre to improve safety regulations in Nigeria’s aviation sector.

3 days ago