DailyrecordNg …Nigeria's hottest news blog

A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely. The Governor …

Ebonyi State governor, Francis Nwifuru The Ebonyi State Government has denied that it  borrowed from the World Bank and the International Monetary Fund contrary to a report by the Debt Management Office. The DMO had reported that the Ebonyi State under the current administration led by Governor Francis Nwifuru, was …

NUBIFIE shuts down Heritage Bank head office over sack of 1000 workers The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank’s head office in Lagos following the sack of over 1000 personnel by the management of lender led by Mr. Akinola George-Taylor without following due …

Front view of the House of Representative The House of Representatives has for the second time postponed its resumption of plenary from Tuesday, April 23 to Tuesday April 30, this is to allow member time to secure inputs from constituents on the ongoing constitution review. In a statement signed by …

Babatunde Fashola A former Minister for Works and Housing, Mr. Babatunde Fashola, has said that the days of “the end justifies the means” is no longer a standard practice in governance in this era. He noted that a leader must do the right thing even if the consequences do not …

Arsenal Players Disappointed After Losing To Bayern Munich Mikel Arteta has revealed that inexperience was the major reason Arsenal failed to advance in the Champions League. The Gunners suffered a 1-0 loss to Bayern Munich in Germany thanks to Joshua Kimmich’s header in the 65th minute to end their European …

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions, unveiled its latest upgrade to its Stanbic IBTC Super App. This forward-looking application, tailor-made for business clients, promises to reinvent the way companies handle their financial transactions. The Super App offers a comprehensive financial solution by integrating Insurance, Pension, Stockbroking, Asset …

Nigeria’s commercial banking, fintech, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2024 despite the weakening of the Naira against the Dollar and its effect on businesses across the country. These were further enhanced by the remarkable data it gave the media in …

In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous …

 Wema Bank CEO, Moruf Oseni   Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the high level of fraud cases the bank recorded in the year 2023. In its full-year 2023 financial statement released …