Finance
Kogi Received N413bn Under Yahaya Bello’s Administration– BudgIT
Recent data by BudgIT has shown that the federal allocations Kogi State received under former governor, Yahaya Bello’s administration was a total of...
Stripe Transforms Financial Services with Platform Update
Stripe, a leading financial technology company, maintains its position with a valuation of $65 billion and a staggering $1 trillion in total processed...
Family Businesses play significant role in Nigeria’s economy – LBS
The Dean of Lagos Business School (LBS), Professor Chris Ogbechie, has advised entrepreneurs on how family businesses can boost Nigeria’s economy and sustainability...
Just In: EFCC Declares Yahaya Bello Wanted Over Alleged N80.2bn Fraud
The Economic and Financial Crimes Commission (EFCC) has declared the former governor of Kogi State, Yahaya Bello, wanted for offences relating to economic...
CBN Reduces Banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria (CBN) has slashed banks’ Loan-to-Deposit Ratio (LDR) from 65% to 50% to enhance lending to the real sector...
CBN reduces commercial banks access to loans by 50%
The Central Bank of Nigeria (CBN) has reduced the loan-to-deposit ratio (LDR) for commercial banks from 65% to 50% as a means to...
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...
Vietnamese Real Estate Tycoon Sentenced to Death for $27 Billion Bank Fraud
Vietnamese real estate mogul Truong My Lan was sentenced to death by a court in Ho Chi Minh City, Vietnam, for her role...
BRICS: China, Russia Announce New Partnership Deal to foster de-dollarisation plan
Following the US sanctions on Russia and China, the BRICS members have announced a new partnership deal aimed at fostering a multipolar world....
US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President’s Daughter
The US authorities are looking to forfeit a $7.1 million luxurious apartment bought with embezzled public funds by the Family of Congo’s Ex-President,...
EFCC Warns Local Businesses Against Dollar Transactions, Threatens Arrest
The Economic and Financial Crimes Commission (EFCC) has warned establishments across Nigeria against accepting payments in dollars from local customers. The Chairman of...