Card maintenance fees scrapped
ATM cost reduced
Bank charges will go down in January as the Central bank of Nigeria (CBN) at the weekend announced a new regime of rates.
The Card Maintenance Fee (CAMF), which many customers described as unnecessary, has been scrapped.
The Automated Teller Machines (ATMs) charge has...
Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic.
The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its...
The Nigerian Electricity Regulatory Commission (NERC) has said that in second quarter 2019, international customers owed Nigeria electricity bills totally N11.17billion.
The commission’s second quarter report noted that in the period under review, the customers did not make any payment to the Nigerian Bulk Electricity Trading (NBET) Plc and Market...
The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market.
In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, confirmed the changes.
She said all transactions will now be done through the Investors and Exporters (I&E) window, where the exchange rate will be determined by...
The Central Bank of Nigeria (CBN) has issued a directive to deposit money banks across the nation, compelling them to enforce a 0.5% cybersecurity levy on transactions, in adherence to the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024.
In a circular released on May 6, 2024, the apex bank instructed...
President Bola Tinubu emphasized Nigeria's commitment to fighting corruption and fostering a conducive business environment during the Nigeria-Qatar Business and Investment Forum in Doha. He urged Qatari investors to report any instances of bribery by Nigerian government officials and assured them of decisive action against corruption.
President Tinubu reiterated his...
The World Bank on Friday approved debt relief for the poor and vulnerable member-countries of its International Development Agency (IDA) as the coronavirus pandemic continues to take a devastating toll on the global economy.
The World Bank Group President, David Malpass, announced the debt relief during the Spring 2020 Plenary...
The Federal Inland Revenue Service (FIRS) has escalated its legal battle against Binance, a prominent cryptocurrency exchange platform, by filing criminal charges related to tax evasion. This move, announced in a statement on Monday, underscores the government's commitment to fiscal responsibility and economic integrity amid growing scrutiny of digital...
The Dangote Petroleum Refinery in a ground breaking move announced a drastic reduction in diesel prices, plummeting from N1200 to N1000 per litre. This comes after the refinery had already slashed prices from N1600 to N1200 just three weeks ago, marking a significant 30% decrease in market rates.
The refinery's...
Binance executive, Tigran Gambaryan is currently in court, while Anjarwalla remains absent, likely evading authorities. Today's court session is crucial as it will allow the defendants to enter their plea.
According to the charges, the first count alleges that the defendants, in their operations on the Binance platform, failed to...
