CBN Governor, Dr Olayemi Cardoso   The Central Bank of Nigeria (CBN) on Friday revoked the license of 4,173 bureaux de change (BDC) operators. CBN’s spokesperson Hakama Sidi Ali announced this in a statement. Sidi Ali said the affected institutions listed on the CBN website failed to comply with regulations, …

Price pressures intensified in the Nigerian private sector during February and were unprecedented in over a decade of data collection. Both input costs and output prices increased at the sharpest rates on record, with rising prices impacting demand. As a result, rates of expansion in output and new orders slowed …

…sales from African subsidiaries rose by 12.7% In line with the promise of Chairman, Dangote Cement, Aliko Dangote at the company’s 2022 Annual General Meeting (AGM), of an enhanced return on Investments to all the shareholders and other stakeholders in Dangote Cement, Plc, the company’s Management for the year ended December …

Zion, a non- denominational prayer ministry, had its first official outreach programme on February 24 in Abuja. The gathering was literally an earthquake on FCT grounds, beginning from the Airport with the multitude and long convoy of vehicles that came to welcome the Spiritual Director, Evangelist Ebuka Obi. The one-day …

Jose Peseiro has confirmed he is no longer the  Manager and coach of the Super Eagles of Nigeria. This comes following the expiration of his contract just after the recently concluded 2023 Africa Cup of Nations(AFCON). The Portuguese tactician, in a series of tweet on his X account on Friday, …

The Nigerian Government has demanded $10 billion as a fine from a popular cryptocurrency trading platform, Binance. This was confirmed by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, on Friday morning in an interview with the BBC. The presidential aide said the fine was demanded …

  Yoruba actor, Sisi Quadri has passed on Famous Yoruba actor, Sisi Quadri is dead. Tunde Olayusuf, a colleague of Sisi Quadri, announced the heartbreaking news of his passing on Instagram. The shocking update has thrown fans and colleagues of the actor into a state of sorrow. The Yoruba movie …

Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy. He said the website would do this by arbitrarily fixing foreign exchange rate. Onanuga said this when he appeared on Channels Television’s Politics Today programme on Wednesday. “We have saboteurs. Look …

Steve Ayorinde, former Lagos commissioner for tourism, says people who are against the regulation of social media do not want to be held accountable for their actions online. Ayorinde spoke on Wednesday at a photo exhibition organised to mark the 50th anniversary of Punch newspapers. Punch is celebrating its 50th …

Bank depositors whose accounts do not have a Bank Verification Number (BVN) or National Identity Number (NIN) or both risk having them frozen in compliance with the Central Bank of Nigeria’s (CBN) directive which takes effect on Friday, March 1, 2024. The apex bank on December 2, 2023, directed all …