Business
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Business
Banks deduct loans from chronic debtors’ accounts
Figures obtained from the Central Bank of Nigeria and the National Bureau of Statistics showed that the NPLs in the banks recorded a slight decline from N1.2tn at the end of the second quarter of 2020 to N1.1tn at the end of July 2021.
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Business
Nigeria in debt because of those refusing to pay tax — NFIU
Local and foreign corporations are owing the Nigerian government over N7 trillion in taxes, limiting the government’s revenue and helping to fuel massive borrowing, the head of the country’s financial intelligence unit has said.
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Business
Plagiarism? CBN reportedly stole eNaira policy document from US website
The Central Bank of Nigeria (CBN) has reportedly been caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website.
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Business
eNaira: I’ve made Nigeria first African country to launch digital currency — Buhari
The Nigerian leader made the remark during a ceremony to launch eNaira.
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News
Otedola yet to notify us of reported share acquisitions — FBN Holdings
FBN Holdings Plc has reacted to media reports that billionaire businessman, Femi Otedola, has acquired a significant shareholding in the company.
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Business
Reps threaten CBN takeover of ‘indebted’ Heritage Bank
A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of Heritage Bank over alleged debt to the federal government.
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Business
Despite CBN’s war on Aboki FX, naira crashes to record low at official market
The platform has since stopped reporting on the naira but the development hasn't improved the fortunes of the Nigerian currency.
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News
CBN issues deadline on BVN of dead Nigerians
The directive is contained in the revised BVN guideline issued by the apex bank and signed by its Director, Payment System Management, Musa Jimoh.
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Business
Why I dumped trading for manufacturing — Aliko Dangote
Hear what Africa's richest man's got to say.
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Business
FIRS writes National Assembly, seeks sole power on VAT
Should the lawmakers agree, only the federal government would be able to collect VAT in Nigeria.