Kuriga kidnap: More than 100 Nigerian pupils abducted (ghanaweb.com) Read more

The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs). According to the Central Bank of Nigeria (CBN), VASPs are entities that conduct exchanges between virtual assets (cryptocurrencies) and fiat currencies, and transfers of virtual assets. In a notice seen by… Read more

THE Major Energy Marketers Association of Nigeria, MEMAN, yesterday, disclosed that the depreciation of the Naira and other issues have scuttled operations and investment in the downstream sector. Executive Secretary/CEO of MEMAN, Clement Isong, who disclosed this at a media forum in Lagos, said that the uncertainty in the foreign exchange (forex) market has hindered members… Read more

The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. The warning was contained in the report of the just- concluded Staff Article IV Consultations, which was issued by the IMF Country Office in Abuja,… Read more

LAPO Microfinance Bank Limited has revealed that over N1.8 billion was saved in three months by customers via the LAPO Xpress Save & Win Promotion, Promo Season 2. Also, to boost savings culture, deepen financial inclusion, the bank rewarded the winner of the promo with N1 million star prize. The bank said that the LAPO… Read more

The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has called on Audit Executives in banks across the country to be more vigilant and assertive in tackling financial crimes in the banking sector. He gave the charge in Abuja on Monday at the 2024 Annual retreat of the Association of Chief… Read more

Corporate Nigeria and some political titans turned up yesterday to celebrate the life and times of the late Chief Executive Officer of Access Corporation Plc, Herbert Wigwe who all of them described as a titan. In  an emotion laden ‘Night of Tributes’ with touching memories, dignitaries from the public and private sectors, led by Africa’s richest… Read more

The Central Bank of Nigeria (CBN) has successfully concluded the sale of government securities following the issuance of N1.053 trillion (680 million dollars) in short-term instruments. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi, stated that the sale is part of its liquidity management exercise. Sidi said… Read more

Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, struck out the charge against 19 Bureau De Change (BDC) Operators, following the withdrawal of the case. The suspects are Ibrahim Jubril, Abdullahi Abubakar, Ibrahim Hassan, Adamu Isiaka, Ibrahim Abdulrahman, Jubril Hassan, Mohammed Isoaka, Mohammed Aminu and Adamu Ibrahim. Others  are Hassan Amadu,… Read more

The CRR which represents banks’ cash reserves for purposes of meeting cash obligations on demand was moved from 32.5 percent to 45 percent in apparent bid to curtail inflation. Meanwhile, Financial Vanguard learnt that the apex bank is now working with some foreign portfolio investors, FPIs, to address concerns over recent reforms introduced in the… Read more