Lotus Bank to start operation as non-interest bank next week

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The Central Bank of Nigeria (CBN) has granted a non-interest banking licence to Lotus Bank Limited. This follows Lotus...

Global economy to grow at 5.6%–World Bank

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Despite the fact that many emerging economies continues to battle the negative impact of the COVID-19 pandemic, indication has emerged that the...

Diaspora remittances: Examining CBN’s Naira4Dollar incentive

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The Central Bank of Nigeria (CBN) on March 5 introduced the Naira4Dollar scheme to encourage increased diaspora remittances into the country.

CBN says external reserves lost $350m in two weeks

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The country’s external reserves lost $350 million in two weeks, falling to $34.9 billion on April 29 from a high of $35.25...

First Bank disbursed N58bn to 81,000 female entrepreneurs in 2020

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 Determined to boost women empowerment for economic growth and development, First Bank of Nigeria Ltd., said that it disbursed loans worth N58...

Presidency says Bureau De Change facilitating money to terrorists

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The Presidency said it has identified Bureau De Change (BDCs) facilitating money to terrorists, insisting that people will be shocked when details...

Naira4Dollar: NACCIMA lauds scheme, urges focus on non-oil exports for forex inflow

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The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has lauded  the newly introduced Naira-4-Dollar Scheme by the Central...

Diaspora Remittances: Beneficiaries Gets N5 For Every Dollar Received

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The Central Bank of Nigeria (CBN) has introduced the ‘CBN Naira 4 Dollar Scheme’ in its bid to sustain the increase in...

Dangote Sugar raises production by 13.7% despite pandemic

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Despite the disruptions to the economy, owning majorly to coronavirus pandemic, Dangote Sugar Refinery recorded an increase in production volume which rose...

Cryptocurrency: Osinbajo mulls regulation and not prohibition

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Vice President Yemi Osinbajo has said that financial regulatory authorities should study, learn and understand cryptocurrency in order to have sufficient knowledge...

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NNPC assures on devt of comprehensive divestment policy for IOCs

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The Nigerian National Petroleum Corporation (NNPC) says it will soon develop a Comprehensive Divestment Policy for International Oil Companies (IOCs) operating in...

Tokyo 2020: Nigeria Guaranteed Medal As Oborodudu Reaches Wrestling Final

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Nigeria on Monday was guaranteed its first medal at the Tokyo Olympics after Blessing Oborodudu won her women’s freestyle 68kg wrestling semi-final...

BREAKING: Police rescue wife of Benue Commissioner, kill three kidnappers

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Men of the Police Elite Squad Operation Zenda in Benue State on Monday rescued the wife of the Commissioner for Lands and...