Business

Isaac Ombe, Yenagoa Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, has given an insight into oil and gas companies that would benefit from the just launched  multi-million…

Commercial banks in the country extended the deduction of N50 electronic money transfer levy (EMTL) to transfers into domiciliary accounts. Recall that banks had been making the EMTL deduction on transfers into domestic bank accounts.…

Gbenga Shobo has exited his role as the Deputy Managing Director of First Bank of Nigeria (FBN), the financial institution has disclosed. Shobo joined First Bank’s board in 2012. Prior to his appointment as Deputy Managing Director, he was…

The Central Bank of Nigeria (CBN), on Tuesday, said it has not issued a fresh directive to commercial banks on last Friday’s judgment of the Supreme Court ordering the circulation of the old naira notes alongside the new ones until December…

Some commercial banks across the country have started paying out the old N500 and N1,000 notes to their customers. This was in compliance with the March 3, 2023 Supreme Court judgment, which extended the validity of the Central Bank of…

The Supreme Court, on Friday, has ruled that the old Naira notes of N200, N500 and N1,000 should remain legal tender and be in circulation till December, 2023. READ ALSO: …

Investigations have revealed that Deposit Money Banks (DMBs) have started receiving old N500 and N1000 notes again, Vanguard reports. Vanguard investigations have indicated that the banks have been receiving the old N500 and N1000 notes…

Voting was delayed by hours at polling units across Nigeria on Saturday, as the presidential election got off to a slow start after the electronic system to verify voters malfunctioned at many centers and election workers arrived late.…

The Central Bank of Nigeria (CBN) has revised the regulatory requirements for the tenure of executive management and non-executive directors of Deposit Money Banks (DMBs) and Financial Holding Companies. In a circular posted on its…

Transcorp Hotels has named Udechukwu Obi Osakwe as a non-executive director of Transcorp Hotels effective February 17, 2023, subject to shareholders’ approval.  Osakwe’s appointment comes after Alexander Adeyemi retired from the Board…