Category Archives: Finance

Dollar Scarcity To End As Travelex Begins Sale of $15,000 To Bureau De Change

Travelex, a global foreign exchange dealer, will today disburse the sum of $15,000 to each of the 3,000 registered Bureau De Change operators in Nigeria. The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, said this in

Eko Atlantic to become West Africa’s financial hub

The Eko Atlantic City will accommodate the headquarters of the sub-region’s leading banks, financial institutions and international corporations, its developers have said. According to the developers, South Energyx Nigeria Limited (SENL), a subsidiary of the Chagoury Group, a part of

Power: Adeosun accuses World Bank, IMF of denying Nigeria coal use

The Federal Government yesterday accused developed countries and multilateral development institutions of frustrating its efforts at addressing the electricity supply deficit facing the country through the use of coal. Speaking during a panel discussion at the on-going International Monetary Fund

Raise revenue through tax, IMF urges Fed Govt

The International Monetary Fund (IMF) has advised the Federal Government to build up revenue mobilisation through tax capacity building for the country to get out of rcession and meet the Sustainable Development Goals (SDGs) of the United Nations. Its Director,

N340 million subsidy scam: How Nigerian billionaire travelled to Europe despite seizure of passport – EFCC

Justice Lateefat Okunnu of the Lagos State High court, sitting in Ikeja, on September 30, 2016 adjourned proceedings in the case of conspiracy, obtaining property by false pretence, forgery and uttering false documents brought against Walter Wagbatsoma, Adaoha Ugo-Ngadi, Fakuade

5 Clever Ways To Avoid ATM Bank Charges

Since the introduction of the cashless policy by the Central Bank of Nigeria, banks have devised and evolved various means to make money. One of the important ways is underhand and secret ATM charge. You will realize that whenever you

CBN Issues New Directives On Domiciliary Accounts Usage as Naira Crashes to N465/ USD

As Naira came under fresh pressures in the parallel market Wednesday, the Central Bank of Nigeria, CBN, issued more directives restricting usage of domiciliary accounts by bank customers, apparently to stem the pressures and improve official supply of foreign exchange

150, 000 Nigerians To Benefit from Interswitch Empowerment Initiative

The economic and social development of a country is largely dependent on the productive employment of its working age population. Empowering our working age population will improve their lives as well as allow them to contribute meaningfully to Nigeria’s national

Lidya Set To Start Online-only Unsecured Lending in Nigeria

Two entrepreneurs are set to unveil Nigeria’s first online lender. Marketed as a digital bank that will have no branches, Lidya will be based in Lagos and offer small and medium-sized businesses unsecured loans of between $500 and $15,000. While

MTN Set To Float Bond To Pay N330 Billion Fine

MTN Group Limited, yesterday, disclosed plans to raise dollar denominated bond that would help it to pay for dividends, capital expenditure and the N330 billion ($1 billion) fine levy imposed to it by the Nigeria Communication, NCC. The MTN has

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