Finance
Unity Bank Plc to Suffer Financial Loss of N20.7 billion
Unity Bank Plc released its financial earnings projections for the second quarter of 2024 on Monday. The company’s pre-tax record was a loss...
FG yet to charge detained Binance executives, family laments
Two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, have found themselves detained in Nigeria without any formal charges being brought against them. The...
Interswitch Ventures into Nigeria’s Telecom Sector with MVNO License
Payments leader Interswitch is making a strategic move into Nigeria’s telecommunications sector. The company, known for its Verve debit cards, acquired a Tier...
Nigeria’s Trade Recovery Lags Behind Despite AfCFTA Implementation
Nigeria’s trade with African countries has struggled to regain momentum following the COVID-19 pandemic despite the enactment of the African Continental Free Trade...
Emefiele awarded contracts to wife and in-law’s company – Witness tells Court
A witness of the Economic and Financial Crimes Commission (EFCC), Agboro Omowera, testified on Monday at the Federal Capital Territory High Court in...
Telegram Eyes Profitability and Public Offering After User Boom
The popular messaging app Telegram is nearing financial independence and setting sights on a future initial public offering (IPO). In a recent Financial...
Senate inaugurates Ad-hoc Committee to Probe CBN’s N30trn Loan and Anchor Borrowers’ Programme
The Nigerian Senate inaugurated an ad hoc committee on Monday to investigate the use of the N30 trillion Ways and Means loans obtained...
LemFi Appoints Allen Qu as VP of Growth to Lead Expansion into Chinese Market
LemFi, a fintech firm specializing in international payment solutions, has appointed Allen Qu as Vice President of Growth to spearhead its expansion into...
Individuals responsible for massive money printing under Buhari must be punished – Laolu Akande
A former spokesperson for ex-Vice President Yemi Osinbajo, Laolu Akande, has urged for legal action against those implicated in the alleged printing of...
Flutterwave Shuts Down Barter to Focus on Enterprise, Remittance
African fintech giant Flutterwave is discontinuing its consumer virtual card service, Barter, to prioritise its enterprise and remittance business segments. Over the past...
Africa’s Largest Economy, Nigeria to Join BRICS
Nigeria as the largest economy in Africa has shown interest in joining the intergovernmental organisation of Brazil, Russia, India, China, and South Africa...
CBN Requires Monthly Financial Returns from Microfinance, Mortgage and Development Banks
The Central Bank of Nigeria (CBN) has instructed Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs), and Development Financial Institutions (DFIs) to submit their...