Justice Okon Abang of a Federal High Court in Abuja on Monday set aside his order made on January 4, directing the Asset Management Corporation of Nigeria (AMCON) to take over the assets belonging to a businessman, Jimoh Ibrahim, over alleged N69.4 billion debt.
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
The Nigerian Export Import Bank (NEXIM) says it has disbursed N68.01 billion to 68 Nigerian entrepreneurs in the the last three years under its Export Development Fund.
A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday.
The Nigerian National Petroleum Corporation, (NNPC), has said that contrary to reports that it is owing the Federation Account the sum of N3.8 trillion, it is the Federation Account and Allocation Committee (FAAC) that’s owing it the sum of N787 billion from over draft.
The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have entered into a Memorandum of Understanding (MoU) for the financing and promotion of the automotive industry in Africa.
The World Bank on Thursday announced it selected former Senegal finance minister Makhtar Diop to lead the agency responsible for private sector finance at a critical time for the global recovery.
The International Monetary Fund (IMF) has expressed its support for the recent directive of the Central Bank of Nigeria (CBN) to financial institutions to ban transactions with cryptocurrency.
The National Insurance Commission, NAICOM, has lamented the declining participation of local insurers in big ticket businesses such as aviation, annuity as well as oil and gas risks underwriting.
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants, Kerspersky. These accounts, the report revealed, process more than $1.9 billion daily.
At the launch of the campaign, the Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, said, the Valentine season gave the bank an opportunity to, as reported by Thisday, show love to its customers and reward their loyalty for banking with us.
On Sunday, billionaire Elon Musk said he would buy the coin if its top holders agreed to sell, saying he considered too much concentration of Dogecoin among its major holders the only “real issue”.
Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031.
Amidst the furore generated by the Central Bank of Nigeria’s crackdown on the activities of cryptocurrency traders, research has revealed that criminals are using a small group of crypto brokers to launder hundreds of millions of dollars around the world.
Twitter CEO Jack Dorsey and musician Jay-Z have pledged 500 bitcoin (around $23.3 million) toward ₿trust, an endowment to fund bitcoin development, Dorsey announced on Twitter today.
As the recent directive by the Central Bank of Nigeria (CBN) asking commercial banks to stop facilitating cryptocurrency transactions in Nigeria continues to generate controversy, the Securities and Exchange Commission (SEC) has stated that it will continue to monitor developments in the digital asset space and further engage all critical stakeholders.
Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
Hong Kong’s chief executive Carrie Lam has “fully” welcomed China’s planned changes to the city’s electoral system and hinted the reforms could further delay a vote for the territory’s legislature.
In the year 2008, I co-edited a book, African Women Can Lead, published by Kachifo Limited under its prestige imprint. The book is a collection of essays and presentations made for three editions of the Development and Leadership Institute (DLI)’s “Women in Politics and Leadership” programme. We chose the book’s title after a rigorous debate by the advisory board of the programme.
The Edo chapter of the All Progressives Congress has slammed Governor Godwin Obaseki for lunatics, beggars, and children roaming Benin streets.
Israel Adesanya’s flawless record came to an abrupt end following his defeat to Jan Blachowicz in the UFC 259 light heavyweight championship in Las Vegas.
Director-General of the NCDC, Dr. Chikwe Ihekweazu said this on Saturday in a statement signed by Ms. Omobolaji Oduwole, the Centre’s Head of Communications, to mark one year of COVID-19 response in Nigeria.
The Nigeria Union of Teachers (NUT) in Abia has announced the suspension of its six-week-old strike embarked upon to demand the payment of arrears of teachers’ salaries.
One of the leaders in Oyo state People’s Democratic Party (PDP), Alhaji Bisi Olopoeyan, has frowned at the ongoing selection process adopted by the leadership of the party in producing candidates for the upcoming local government election in the state.
President Muhammadu Buhari yesterday told the Chief of Defence Staff (CDS), General Lucky Irabor, and the three service chiefs in very plain terms that they have just few weeks to adequately secure the nation.
The People’s Democratic Party (PDP) in the South-West has said a former Governor of Osun State, Prince Olagunsoye Oyinlola, has no moral preserve to be a peacemaker on the political feud between former governor of Ekiti State, Ayodele Fayose and the Oyo State Governor, Seyi Makinde.
Former U.S. President Donald Trump has warned that under the Biden administration, the country’s dependence on foreign oil may increase and energy prices could rise.