Court grants Seun Kuti ‘suspended’ bail
A magistrate court in Yaba has remanded Afrobeat star, Seun Kuti, in police custody for 48 hours for allegedly assaulting a police officer.
The court also granted...
Traders, Transporters Reject New Naira Notes
The Central Bank of Nigeria's release of the new naira notes has been the subject of several accounts of confusion, shortage, and even rejection...
Wike vs Fubara: Nigerian government stops October FAAC revenue to Rivers State
The Nigerian government has confirmed that it has stopped the October monthly Federation Account Allocation Committee, FAAC revenue payment to Rivers State amid the...
Nigeria Banking Sector Loses N42.6 Billion to Fraud in Just Three Months
Nigerian commercial banks have been hit hard, with a staggering N42.6 billion lost to fraud over just three months, according to a recent PulseNets...
Naira redesign: We stick to Buhari’s directive — CBN refutes claim on Aisha’s page
A press statement uploaded on the Instagram account of the president's wife, Aisha Buhari, purporting to be from the Central Bank of Nigeria, or...
5 movies that African business owners can learn valuable lessons from
The easiest form of sensitization is frequently through movies.
Since its inception, media has been used to disseminate propaganda. This was especially true for movies,...
CBN asks Nigerian banks to charge 0.5% cybersecurity levy on all transactions
The Central Bank of Nigeria has instructed Nigerian banks to implement a 0.5% cybersecurity levy on all transactions
Amid the prevailing challenges in Nigeria, deposit...
Naira Floating: MTN Records N131bn Loss Over CBN’s Forex Policy
Leading mobile network provider, MTN, has suffered a foreign exchange loss of N131.4 billion between January and June 2023.
This was contained in a recently...
Fuel subsidy: Nationwide shutdown looms as inflation bites harder
Since President Bola Tinubu announced the abolition of the fuel subsidy regime on Monday, May 29, 2023, the country has been in a state...
CBN To Grab Unclaimed Funds In Banks, Dormant Account Balances
Nigeria’s Central Bank (CBN) says it will mop up all dormant account balances and unclaimed balances in banks into a designated account it has...