CBN Bans Banks, Fintechs From International Money Transfers, Increases Application Fee
The Central Bank of Nigeria (CBN) has issued a directive that banks and financial technology companies (fintechs) are no longer...
Tuesday, August 11, 2026
Business
Oil Prices Dip 2% On Rumors Of Israel-Hamas Truce , U.S. Refinery Shutdown
Oil prices experienced a decline of over 2 per cent on Thursday, driven by unverified reports suggesting a ceasefire between...
Shell Profits Plunge 54% As Oil Boom Fizzles, Greenpeace Protests
Energy giant Shell's profits nosedived in 2023, tumbling from a record high of $42.3 billion to just $19.4 billion, marking...
JUST IN: Inflation To Soar As CBN Adjusts ExchangeRate To N1,356.883/$1
Prices of imported goods and services will increase, thereby, fuelling inflation as the Central Bank of Nigeria (CBN), adjusted the...
Nigeria , UK Forge Partnership For Critical Minerals Development
The Federal Government of Nigeria is set to collaborate with the United Kingdom in the establishment of a joint technical...
Nigeria’s Teledensity Drops To 102.97% As NCC Adjusts Metrics
The Nigerian Communications Commission (NCC) has reported a drop in the country's teledensity from 115.63 per cent in August 2023...
Official Market Records Highest Rate at N1,513/$
Despite the Central Bank of Nigeria (CBN) clearing off the foreign exchange claims of foreign airlines owed on Tuesday, the...
Linkage Assurance Gross Premium Written Hits N16.3bn
Linkage Assurance Plc, in the financial year ended 31st December, 2023, recorded outstanding growth across all measurement indices, with gross...
Maritime Academy Trains Varsity Students On Mandatory Courses
The Marítime Academy of Nigeria (MAN), Oron, on Tuesday, said the institution has received another batch of trainees from the...
CBN Issues Directive On Forex Exposures Amid Shortage
The Central Bank of Nigeria (CBN) has issued a new directive on forex exposures of banks amongst which is lending...
