Finance
EFCC Investigates 1,146 Bank Accounts for Forex Racketeering
The Economic and Financial Crimes Commission (EFCC) has frozen 1,146 bank accounts suspected of involvement in illegal activities such as money laundering, unauthorised...
NCAA Denies Purchasing N250m Official Vehicle for Acting DG
The Nigerian Civil Aviation Authority (NCAA) has refuted claims of purchasing a 2022 Toyota Landcruiser worth N250 million for the acting Managing Director,...
Nigerian Fintechs Halt New Account Openings Following Regulatory Directives
Several prominent Nigerian fintech companies, including Kuda Bank, Moniepoint, OPay, and Palmpay, have ceased opening new customer accounts following a directive from the...
OPay’s Valuation Surges Over 30% Amid Nigeria’s Digital Payments Boom
OPay, the Nigerian fintech startup supported by Sequoia Capital and Softbank, has experienced a remarkable 30% increase in valuation since its Series C...
Standard Chartered Bank Names Dalu Ajene as CEO for Nigeria Operations
Standard Chartered Bank has appointed Dalu Ajene as the Chief Executive Officer of its operations in Nigeria. With over 23 years of experience...
CBN engages private sector to boost Foreign Direct Investment in Nigeria
The Central Bank of Nigeria, CBN, announced its engagement with various private sector executives to boost Foreign Direct Investment (FDI) in Nigeria. CBN...
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...