The International Monetary Fund (IMF) has warned against the adoption of cryptocurrencies like Bitcoin and Ethereum as legal tenders. As contained in a blogpost titled ‘Crypto Assets as National Currency?

The Mauritius Commercial Bank Limited (MCB) has successfully signed a $20Million term loan facility with Bank of Kigali Plc to support its strategic growth objectives. The loan proceeds will be

Following the Central Bank ban on the sales of FX to Bureaux de Change (BDC) operators, the apex bank is set to refund all capital deposits and licensing fees to

A prominent Chinese billionaire has been sentenced to 18 years in prison, the latest in a string of punishments against outspoken corporate bosses. Sun Dawu runs one of the country’s

By putting an end to the sale of foreign exchange (FX) to Bureau De Change (BDC) operators, Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has “disrupted one

The total value of capital importation into Nigeria has fallen to $875.62 million in the second quarter (Q2) of 2021, according to the latest report by the National Bureau of

The International Monetary Fund (IMF) has revised upward its growth forecast for the Nigerian economy in 2022  by 0.3 per cent to 2.6 per cent compared to its earlier projection

The Chairman of Nigeria’s Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, on Tuesday said the private sector was responsible for over 60 per cent illegal

Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple’s profits nearly doubled to $21.7bn (£15.6bn) in the three months to 30

The Central Bank of Nigeria (CBN) on Tuesday released a total of $200 million to all commercial banks in the country as part of efforts to meet dollar demand for

The share price of Oando Plc has since joined the Nigerian Exchange Limited’s top gainers with a 9.87 per cent increase in its share price from N3.97 on July 23,

The Central Bank of Nigeria (CBN) has banned sale of foreign exchange (FX) to Bureau De Change (BDC) operators in the country accusing them of illegal forex trading. Governor of

Ecobank Transnational Incorporated (ETI) has recorded a 33.04 per cent increase in its profit before tax (PBT) in June, first half of the year 2021. In the bank’s unaudited financial

The five tier-1 banks in Nigeria gave out a total of N49.999 trillion (about $121bn) as loans and advances to their customers between January 2016 and December 2020, data compiled

The Nigerian National Petroleum Corporation (NNPC) has revealed that it sold a total of N2.106 trillion of refined products to Nigerians between February 2020 and February 2021, with petrol taking

A Federal High Court sitting in Abeokuta has granted an interim order restraining the federal government from taking over the unclaimed dividends of shareholders in the capital market estimated to

The recently opened Lagos Marriott Hotel Ikeja has officially announced the grand launch of its Isade Spa. The hotel’s ultramodern Spa facility reflects cutting edge Spa aesthetics within intuitively designed

Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) on Monday and Tuesday, the financial regulator has reiterated the resilience, safety and soundness of

The Central Bank of Nigeria (CBN) Thursday disclosed that its much-anticipated digital currency will be launched on October 1. CBN Director, IT Department, Mrs. Rakiya Mohammed, revealed this during a