Business News

The Central Bank of Nigeria (CBN) has suspended foreign exchange sales to Bureau De Change (BDC) operators until further notice. This could further increase the price of the dollar which the apex bank recently announced should be sold…

The United Bank for Africa Plc (UBA) has donated over N5 billion ($14 million) through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the Coronavirus global pandemic. Nigeria and 19 other…

Union Bank of Nigeria PLC has shut its Ikota, Lagos State, branch after a customer who was there for services three weeks ago was confirmed positive for Coronavirus. The bank said it also took the decision after it found out that one of…

Ayodele Olalere Lagos State governor, Babajide Sanwo-Olu, has ordered the shutting down of all markets and shopping malls selling non-essential products for seven days. The order takes effect from Thursday March 26. He gave the…

Babajide Okeowo After the meeting of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), the committee has held the Monetary Policy Rate (MPR) constant at 13.5%. This was disclosed by Governor, CBN, Godwin…

The Nigerian Stock Exchange (NSE) has temporarily shut its trading floors beginning from Tuesday, March 24. In a statement released, on Monday, by NSE’s Chief Executive Officer, Oscar Onyema, said the bourse would engage in remote…

MTN Nigeria has announced that its staff would now work from home. This decision followed the lock down of social gatherings to 20 persons per meeting point.  MTN’s Senior Manager, External Relations, Funso Aina, said that the telcos…

Following the gradual climb of the spread of the dreaded Coronavirus pandemic in the country, the United Bank for Africa (UBA Plc), Transcorp and all affiliated companies have announced the cancellation of their 2019 Annual General…

Anthony Iwuoma The Association of Bureaux De Change Operators of Nigeria (ABCON) has warned bureaux de change (BDCs) against violating the new official exchange rate of N380 per dollar, including other provisions of the new foreign…

Anthony Iwuoma Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has announced the apex bank’s decision to extend the moratorium on all its intervention funds in order to cushion the adverse effects of coronavirus on…