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Finance

CBN Directs Banks To Request Customers’ Social Media Handles

The Central Bank of Nigeria (CBN) has ordered commercial banks to obtain the social media handles of customers as additional means of identification. This was...

Nigeria Targets Single FX Rate After CBN Governor Suspension

Nigeria’s dollar debt surged after the surprise weekend ouster of the central bank chief, and as fresh comments on merging multiple exchange rates added...

Deutsche Bank Rocked By $75m Lawsuit

Deutsche Bank has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey...

Sale of Polaris Bank: CBN Sets Record Straight

The attention of the Central Bank of Nigeria (CBN) has been drawn to a spurious, malicious, and misleading online publication, which made several false...

Nigerian Banks Recorded 4.8M BVN’s In 2022 – NIBSS

By Abdulwaheed Olayinka Adubi, Kaduna. Banks in Nigeria recorded a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022, this is according to...

Buhari orders FIRS to tax digital transactions

President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out across the country. Boss Mustapha, the secretary to the government...

CBN freezes accounts of four popular fintech platforms in Nigeria

The Central Bank of Nigeria (CBN) has frozen the bank accounts of Nigerian fintech platforms Risevest, Bamboo, Trove and Chaka for the next six...

2022 budget: FG to borrow N4.89tn, says finance minister

The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn...

CONVINCE Africa Hold Talks on Financing Delivery of Covid-19 Vaccine Across Continent

As the world lauded the first deliveries of COVID-19 vaccines to African nations through COVAX, we must also recognise that these vaccines need to...

Multiple Lawsuits leave Lagos with legal exposure of N703 billion

Lagos, Africa’s largest mega-city of over 17 million people, may be a couple of bad legal judgements away from being on the hook for...

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