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Finance
FinanceNews
UK Inflation Drops to 2.3%, Lowest in Nearly Three Years
The UK’s inflation rate fell to 2.3% in April, the lowest level in almost three years, driven primarily by declining gas and electricity...
FinanceNews
Reps Advocate Exemption of Military Personnel from Airport Tollgate Fees
The House of Representatives has passed a resolution advocating for a waiver for military personnel at all airports, exempting them from the payment...
FinanceNews
IMF Advises UK To Cut Interest Rate To 3.5% By 2025
The International Monetary Fund (IMF) has suggested that the Bank of England reduce the UK’s interest rates to 3.5% by the end of...
FinanceNews
CBN to Allow Fintech Firms to Resume Customer Enrolment Within Months Amid Regulatory Strengthening
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like OPay, Palmpay, Kuda Bank, and Moniepoint, will...
FinanceNews
SERAP Sues 36 Governors and FCT Minister Wike for Failing to Account for Trillions in FAAC Allocations
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s 36 governors and the Minister of the Federal Capital Territory...
FinanceSports
Forbes Names Ronaldo, Messi, LeBron, Neymar Among Highest-Paid Athletes in 2024
Forbes has released its 2024 list of the top 10 highest-paid athletes, featuring global sports icons such as Cristiano Ronaldo, Lionel Messi, and...
FinanceNews
Diaspora Remittances to Nigeria Drop by 6.28% in Q1 2024
In the first quarter of 2024, Nigeria recorded $282.61 million in direct foreign exchange (FX) remittances, marking a 6.28% decrease from the $301.57...
FinanceNews
CBN Approves 14 New IMTOs in Bid to Double Forex Remittances
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs) as part of a strategy...
FinanceNews
Binance’ Bribery Allegations is to Blackmail and Divert Attention – Reps
The House of Representatives has accused cryptocurrency company Binance of blackmail amidst bribery allegations brought against committee members by the company. Chairman of...
FinanceNews
Breaking: Bank Transfers Facing Delays Across Nigeria Due to Technical Glitch
Bank Customers in Nigeria are experiencing delays in transferring funds to other banks as a technical issue disrupts services provided by various financial...
FinanceNews
Melinda Gates Quits Gates Foundation, Gets $12.5bn To Pursue Own Charity
Melinda French Gates, the former wife of Microsoft co-founder Bill Gates, is quitting the charity organisation she co-founded with her ex-husband to establish...
FinanceNews
Inflation Expected to Rise Further, Cardoso Pledges MPC Will Tackle That
Governor Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has reiterated that the Monetary Policy Committee (MPC) will address Nigeria’s persistent inflationary pressures....