The Central Bank of Nigeria (CBN) yesterday ordered all existing Bureau De Change (BDCs) operators in the country and promoters of new entrants to reapply for new operating licenses of…
Category: BUSINESS
Central Bank withdraws Cybersecurity Levy circular
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing commercial banks, mobile money operators, and other financial institutions to implement the National Cybersecurity Levy. The circular, issued…
Dangote petrol supply: FG may slash N6tn fuel import
The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of…
LCCI Entrepreneurship programme marks ‘Greet’ and ‘Connect’ Event
The Lagos Chamber of Commerce and Industry (LCCI), Entrepreneurship Mentoring Programme Alumni Association, under the leadership of Mrs. Toyin Yusuf, has celebrated a milestone with its recent Meet, Greet, and…
US-Nigeria air transport agreement reintroduced to boost bilateral aviation ties
The United States has announced the reintroduction of an Air Transport Agreement with Nigeria to strengthen bilateral aviation ties between the two countries. This was disclosed by the Public Diplomacy…
NEC pledges better support for small businesses
The National Economic Council (NEC) yesterday deliberated on the state of the nation’s economy. It resolved to improve the situation, especially by supporting the growth of Micro, Small, and Medium…
Tax revenue, Nigeria’s current highest source of income — AGF
The Federal Government has said that tax revenue is currently the nation’s highest source of income. The Accountant General of the Federation (AGF), Oluwatoyin Madein, disclosed this at the 26th…
CBN kickstarts strategy to double remittances
The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by granting Approval-in-Principle (AIP) to 14 new International Money Transfer Operators (IMTOs). This…
Marginal 0.49% rise in inflation rate raises hope
Nigeria’s inflation rate recorded its slowest increase in April. It is the lowest margin of hike in the last one year, and indication that headline inflation is receding. The rate…
Bamboo launches Nigerian stocks to deepen retail capital markets
Bamboo Global Inc, an online brokerage firm, yesterday launched on its platform Nigerian stocks including blue chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement. In a…
