Business

The house of representatives has asked the Central Bank of Nigeria (CBN) to hit the brakes on the implementation of the cashless policy it recently re-introduced. At the plenary session on Thursday, the lower legislative chamber said the policy will lead to a significant decrease in credit extension by Nigerian ...

Vice-President Yemi Osinbajo says the national economic council will have to send a request through the president to get a briefing from the newly appointed economic advisory council (EAC). Osinbajo made this statement on Thursday in response to a request for clarification by members of the national economic council regarding their ...

United Bank for Africa (UBA) Plc, on Thursday, announced that the services of its Chatbot, Leo is now available for customers on Apple Business Chat, where its users can communicate directly with businesses using the Messages app on iPhone and iPad. “As a brand focused on providing excellent customer experience, ...

Heritage Bank Plc, Nigeria’s most innovative banking service provider has again thrown its usual support behind the organizer of The Next Titan, so as to have a better and improved season six of the programme. This year’s edition of the reality TV show is again headlined by Heritage Bank and ...

Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday. In a circular to all deposit money bank (DMBs), the Director, Payments System Management Department at the CBN, Sam Okojere, said henceforth 3 percent processing ...

All is now set for the “Zenith Bank Aspire Music Festival” holding on Saturday, September 21, 2019 at the Harbour Point Event Centre, Victoria Island, Lagos by 5pm. Dubbed as the most anticipated entertainment event of the year, the breathtaking festival promises to be a night to remember, as it ...

American billionaire and philanthropist, Bill Gates, has said that Nigeria has one of the lowest domestic revenues at just six per cent of GDP compared to 15 per cent in some other countries. This, he said, is perhaps one of the reasons why the largest black nation has a problem ...

Fulani herdsmen from Chad, Niger and other neighbouring countries will benefit from the National Livestock Transformation Plan, the Bauchi State Governor, Bala Mohammed, has said. Mohammed, who was a guest on Channels Television’s Sunrise Daily on Monday, said since Fulani herdsmen are nomadic, it would be inappropriate to deprive them from ...

Following public criticisms that have greeted his appointment to the budget ministry, Seun Onigbinde has now turned down the appointment. Mr Onigbinde, co-founder of BudgIT, a civic group committed to government financial transparency, announced his resignation on Monday. Mr Onigbinde had last week announced his decision to accept a technical ...

Two drone strikes on Saudi Arabian oil facilities by Yemen rebels have reduced the country’s production by half and threatened to push up crude prices. Some experts have warned that with the projected production shortage of 155 million barrels per month as a result of the strikes, oil prices could go ...