Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent. This was disclosed by the CBN Governor, Godwin Emefiele, on Tuesday while reading […]
In February, Nigeria’s inflation rate hit a fresh 17-year high of 21.91 per cent marking a 0.09 point gain from the previous month’s 21.82 per cent, according to the Consumer Price Index (CPI) data released […]
United States (U.S) have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of a US bank since 2008. The moves came as the firm, a key […]
Since Miriam Olusanya emerged as the Managing Director of Guaranty Trust Bank Limited (GTBank Ltd) in July 2021 under controversial circumstances, BUSINESS LIVE learnt that the once-leading bank has continued to go deeper into crises […]
The Nigerian National Petroleum Company Ltd (NNPCL) has petitioned the Economic and Financial Crimes Commission (EFCC) to probe EROTON Exploration and Production Company Ltd owned by billionaire, Onajite Okoloko over mismanagement of Oil Mining License […]
First City Monument Bank (FCMB) congratulates Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting held recently in Davos, Switzerland. The Schwab […]
Zenith Bank Plc says the Central Bank of Nigeria (CBN) has granted approval-in-principle for it to operate a non-operating financial Holding Company structure. The apex bank also approved Mr Jim Ovia as the Chairman of […]
Credit by banks to the government rose by N11.75trn in one year. This is according to figures obtained from the Central Bank of Nigeria (CBN). The CBN disclosed in its ‘Money and credit statistics’ report […]
The official dollar to naira exchange rates in Nigeria for today are available at Platinum Post News, along with Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. How Much Is […]
Reports have it that over N2.9 billion has been illegally transferred from a merchant account with African fintech unicorn, Flutterwave, owned by Olugbenga Agboola. The tech giant’s counsel, Albert Onimole, reported the case to the […]
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