FCT bans POS users in residential areas.
Owners of Point of Sales (POS) devices are required by the Federal Capital Territory Administration (FCTA) to confine their activities to commercial zones.
On Wednesday,...
CBN floats naira, grants banks freedom to trade forex at any rate
The Central Bank of Nigeria (CBN) has authorised commercial banks to freely trade foreign exchange at any rate.
The authorisation means that banks now have...
Danish company Maersk denies $600 million investment deal with Tinubu’s government
We never promised $600 million investment in Nigeria during meeting with Tinubu: Maersk CEO
Robert Maersk Uggla, chair of Danish shipping giant A.P Moller-Maersk, has...
Drama As Arik Air Founder Is Barred From Airline’s Premises
There was a mild drama at Murtala Muhammed International Airport, Lagos, the headquarters of Arik Air, as the Chairman/Founder of the airline, Chief Johnson...
Cost-of-Living Crisis in Nigeria: IMF Raises Concerns
Cost-of-living crisis in Nigeria deepens as the IMF warns of mounting challenges.
With growing anxieties, the International Monetary Fund (IMF) has cautioned about the exacerbating...
$19bn Dangote Refinery: Experts line up expectations, pitfalls ahead commissioning
Ahead of the commissioning of the $19 billion worth Dangote Refinery on May 22, 2023, analysts have forecasted that it is not yet Uhuru...
Binance executive escapes from custody in Nigeria amid tax evasion charges
Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria for alleged tax evasion and other offences, has escaped from custody.
PulseNets reports that...
BREAKING: CBN has directed banks to commence over-the-counter payment of new notes
On Thursday, the Central Bank of Nigeria (CBN) directed commercial banks to begin issuing new naira notes to consumers over the counter.
This was confirmed...
Tony Elumelu, family raise stake in Transcorp to 36%
Nigerian tycoon Tony Elumelu and his family upped their stake in Transnational Corporation Plc (Transcorp) to more than one-third, taking their combined interest in the conglomerate to 14.6...
Multichoice ignores court order, proceeds with price increase for subscription rates
Despite a court ruling prohibiting the company from implementing the hike, Multichoice Nigeria has forged ahead with its plan to raise prices for DStv and GOtv...
