Browsing: Business

Nigeria’s Central Bank on Monday mandated Banks to commence charging a 0.5% cybersecurity levy on transactions. A circular released by the apex bank said the Banks should…

Ikeja Electric Distribution Company (IKEDC) has announced the downward review of its tariff for Band A customers from N225/kWh to N206/kWh. It disclosed this in a…

Ride-hailing platform, Uber, has announced that drivers in Nigeria will now have access to their earnings daily, marking a shift from the weekly access hitherto being…

ExxonMobil’s asset sale to Seplat Energy could be finalised in weeks, Nigeria’s oil regulator told reporters on Thursday, putting an end to a two-year standoff since…

A portion of Landmark Beach on Victoria Island, Lagos, was demolished on Monday to make room for the Lagos-Calabar Coastal Highway, Nigeria’s largest public infrastructure project.…

Changpeng Zhao, the founder of cryptocurrency firm, Binance, was sentenced to four months in a US prison on Tuesday after pleading guilty to money laundering charges.…

The Financial Markets Dealers Quotations Group Plc (FMDQ) has announced the appointment of Muhammad Musa Abdullahi as the new Group Chairman. Abudullahi currently serves as the…

The Economic and Financial Crimes Commission (EFCC) has been authorised to freeze 1,146 bank accounts linked to individuals and companies under investigation for various offences, including illegal forex trading,…

The Nigeria Inter-Bank Settlement System (NIBSS) has said that financial institutions lost almost N18 billion to fraud in 2023. This information was disclosed in its Annual Fraud Landscape…

The Nigeria Electricity Regulatory Commission (NERC) on Monday announced the deregulation of meter prices under the Meter Asset Provider (MAP) scheme for customers. A circular issued…