Business

President Muhammadu Buhari continues his visit to Saudi Arabia with a brief stopover at Madinah where he observed his evening prayers and engaged in intense prayers.

The Nigerian Exchange Limited (NGX) has queried FBN Holdings Plc, the holding company of First Bank of Nigeria, for classifying the shareholdings of Tunde Hassan-Odukale and his related parties into two parts of 4.16% and 1.20% respectively. There has been a controversy since Femi Otedola acquired 5.07% stake in the…

eNaira Wallet application has been removed from Google Play Store barely 36 hours after its publication by the Central Bank of Nigeria. The President, Major General Muhammadu Buhari (retd.), launched the central bank digital currency, called eNaira, on Monday. To access the eNaira, users have to download the ‘speed wallet’,…

The Central Bank of Nigeria has released guidelines on charges on eNaira platform. This is after the launch of the application for the digital currency by the President, Major General Muhamadu Buhari (retd.), on Monday. Here are ten things you should know about the platform 1 – The charges for…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has blamed former military dictator Ibrahim Babangida for the downward trend in the value of the naira. Mr Emefiele made his comments to President Muhammadu Buhari at the State House, Abuja, on Monday, during the official launch of Nigeria’s…

The Nigerian leader made the remark during a ceremony to launch eNaira.

The Central Bank Digital Currency (CBDC) eNaira has taken off with over N500m of the currency minted so far.

The World Bank has debarred nine Nigerian individuals and firms from executing any contract with it for engaging in corrupt, fraudulent and collusive practices. This is contained in its recent report titled ‘Sanctions System Annual Report for Fiscal Year 2021’. This report covers the Fiscal Year 2021 (FY21) — from…

Nigerian businessmen Aliko Dangote, Wale Tinubu, Leo Stan-Ekeh and Alhaji Abdulsamad Rabiu are on President Muhammadu Buhari’s team to the investment conference in Saudi Arabia.

The launch of the eNaira is a culmination of several years of research work by the Central Bank of Nigeria in advancing the boundaries of payments systems.