How Nigerian Bank Customers Lost N1.17 Billion to Frauds — FITC
A report by FITC has revealed that bank customers in Nigeria lost a total of N1.17 billion to fraud in Q2 2022. FITC disclosed that[more...]
Category: Business
Important things to Note as CBN’s Credit Card Takes Off
The Central Bank of Nigeria, CBN is set to launch the much-awaited domesticated credit card for use by the Nigerian banking population today. As reported by The[more...]
Bank Customers Transfer Increase by 142% as Customers Transfer N19.4 trillion
Transactions carried out over mobile devices by Nigerian bank customers hit N19.4 trillion in 2022 indicating a 142% year-on-year increase when compared to N8 trillion[more...]
135 Indian Companies Invest $19bn in Nigeria – Says Envoy
The Indian High Commissioner to Nigeria, Shri G. Balasubramanian, says over 135 Indian companies so far invested 19 billion dollars in Nigeria in the last[more...]
South Africa and Nigeria Ranked Among the Top Countries Most Interested With Stocks and Trading Worldwide
The study, carried out by UK financial services provider CMC Markets, examined Google Trends data of search terms frequently used by people interested in stocks[more...]
The Most Valuable Companies in Nigeria as of December 2022
As of December 2022, Airtel Africa retained the top position as the most valuable listed company in Nigeria, with Dangote Cement and MTN Nigeria occupying[more...]
Electronic Transfers Hit 3.5 Billion in 2022
The decision of the Central bank of Nigeria (CBN) to turn the economy to a cashless one is fast yielding positive results as the volume of electronic[more...]
Regulators Warn Banks over Cryptocurrency Risks
Regulators in the US have issued their first ever joint warning to banks over the risks associated with the cryptocurrency market. The watchdogs told[more...]
Meet the 100 Most Reputable Africans’ in 2023 According to Reputation Poll International
This year's list features a diverse group of individuals from various sectors, including politics, business, entertainment, and human rights advocay. Egypt’s Naguib Onsi Sawiris, and[more...]
IMF Releases List of Fastest-Growing Economies in Sub-Saharan Africa
Sub-Saharan Africa’s recovery has been abruptly interrupted. Last year, activity bounced back, lifting GDP growth in 2021 to 4.7 per cent. But growth in 2022[more...]
CBN Places Over 6,000 BVNs on Watch List Over Fraudulent Transaction
According to information released by the Central Bank of Nigeria (CBN), there are at least 6,047 Bank Verification Numbers (BVNs) on its watch list due[more...]
Four West African Countries to Benefit from World Bank’s $311 million Financing in Renewable Energy
Electricity customers in four west African countries which include, Chad, Liberia, Sierra Leone, and Togo will be benefiting from $311 million in funding from the World[more...]
CBN Makes U-turn, Increases Withdrawal Limit to 500,000 Weekly
he CBN also warned all banks and other financial institutions that aiding and abetting circumvention of the new policy will attract severe sanctions. The Central[more...]
The Top Performing Banks in Nigeria by Profit Margin For Q3, 2022
This list is courtesy of Nairalytics. FCMB and Fidelity Bank enjoyed substantial success in the period under review. Spearheaded by the Central Bank of Nigeria,[more...]
Finance Bill: Dangote, 7UP, 170 Firms May Lose N2.4tn Tax Waivers
At least 172 companies may not benefit from about N2.4tn tax waivers under the Pioneer Status Incentive and other tax exemptions as the Federal Government[more...]
Nigeria Set to Pass Bill Recognizing Bitcoin and Cryptocurrencies
Fresh reports have emerged showing cryptocurrencies may finally have a legal backing in Nigeria following a move by the House of Representatives to legalize crypto[more...]
President Buhari Assures U.S. Investors of Massive Business Opportunities in Nigeria
President Muhammadu Buhari on Friday assured U.S. potential investors of massive investment opportunities in Nigeria, especially in the non-oil sector of the economy. Buhari gave[more...]
Banks Reconfigure ATMs As New Naira Enters Circulation Today
The newly redesigned naira notes will go into circulation on Thursday (today) with Deposit Money Banks releasing the bills to their customers via over-the-counter payments.[more...]
Aladekomo Urges Capital Market to Partner NCC, NIBSS to Tackle Identity Challenges
Founder of Chams Plc and Executive Chairman of SmartCity Plc, Sir Demola Aladekomo, has called on the capital market operators to work with the Nigeria[more...]
Amid Economic tension NIPS, POS Payments Hit N318.66 Trillion
Amid the economic tension which has continued rising over the recent decision of the Central Bank of Nigeria, CBN to enforce its cashless policy, cashless transactions[more...]
