As part of its fresh move against money laundering, the Federal Government has enforced a fine of N1m per day for any financial institution or…
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Category: Business
Digital currency’ll complement, not eliminate naira notes – CBN
The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and…
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Fidelity Bank partners Edo State and GIZ to host CBN RT200 FX Exports Roundtable and Sensitisation Workshop
Leading financial institution, Fidelity Bank Plc, has announced plans to host an exports roundtable and policy sensitisation workshop for businesses in Benin-City, Edo State capital…
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Oil marketers, airlines disagree over local JET-A1 price
Nigerian airline operators are currently at loggerheads with oil marketers over the rising prices of JET-A1, also known as aviation fuel. While marketers have defended…
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Hausa community seeks reversal of Okada ban, promises Sanwo-Olu massive votes
Some leaders of the Hausa community in Lagos State have appealed to Governor Babajide Sanwo-Olu to reverse the ban on Okada operations in six local…
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FG orders resumption of Abuja-Kaduna train service weeks after some passengers were kidnapped and killed
The federal government on Monday May 16, announced that the Abuja-Kaduna train service will resume on May 23. The announcement was made weeks after some…
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Tax waivers account for huge revenue loss, says FG
Despite its efforts to leverage on the benefits of tax exemptions and concessions, the incentive has rather led to huge revenue loss to Nigeria, the…
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FG extends money laundering law to casinos, others, bans shell accounts
The Federal Government has introduced stricter regulations in the operation of casinos in Nigeria, as part of its fresh move against money laundering. This is…
View More FG extends money laundering law to casinos, others, bans shell accounts
Dollar hits N600 at parallel market, forex supply shrinks
The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the…
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Unions raise the alarm over plot to take over Arik, Aero
The National Union of Air Transport Employees and the Air Transport Services Senior Staff Association of Nigeria have raised the alarm over an alleged plot…
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