Business News

The Central Bank of Nigeria (CBN) has dismissed reports suggesting that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. In an...

The Nigerian government has dropped charges against Binance executive Tigran Gambaryan, who had been detained for seven months in the country. Abuja FHC has acquitted Gambaryan during a session on...

The Minister of Works, David Umahi, has given Julius Berger a final seven-day ultimatum to accept the Federal Government’s offer of N740.79bn for the completion of the 82km section II...

The World Bank has listed a series of macroeconomic policy missteps executed by fiscal and monetary authorities between 2015 and 2023 that pushed Nigeria’s inflation to a 28-year high. In...

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has said the apex bank is addressing the long outstanding balance from the $7 billion foreign exchange transaction...

The World Bank has ranked Nigeria 5th worldwide in food insecurity and third in Africa, behind Malawi and Liberia as the nation was among the top 10 countries most severely...

A new bill proposed has required Nigerians engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number serving as precondition for opening a new account...