Moniepoint Microfinance Bank Limited has sued Alerzo Limited and its directors over an alleged N4.38 billion loan default. The Federal High Court in Lagos granted an interim Mareva injunction freezing...
Banks have notified their customers of the N50 Electronic Money Transfer Levy (EMTL) on the New Tax Act (NTA) 2025 that will take effect on January 1, 2026. Specifically, United...
The naira held firm at the official Nigerian Foreign Exchange Market (NFEM) fixing while continuing to trade weaker on the parallel (black) market on Friday. At the NFEM (Investors &...
Former lawmaker and human rights activist, Senator Shehu Sani, has criticised the World Bank and International Monetary Fund (IMF), describing the Bretton Woods institutions as “the witches and wizards” behind...
The Naira recorded depreciation against the dollar at the official foreign exchange rate market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira dropped to N1,494.03 per...
The Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints...
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600 million monthly. He disclosed this...
A prosecution witness, Mr Ajayi Michael Folaseye, on Monday, told the Federal High Court in Lagos how he rejected a $7,000 bribe allegedly offered by a colleague seeking to illegally...
Millions of Nationwide Building Society customers in the UK are about to receive £100 in free cash. This is part of the building society’s Fairer Share programme, which rewards loyal...
To mark the second anniversary of his administration, President Bola Tinubu issued a statement to say indices on key sectors are looking good. Below is the full text. Fellow Nigerians,...