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FG may need supplementary budget to pay minimum wage – IMF
The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This ...Stop electricity subsidy, IMF tells FG
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In ...Canada fines Binance $4.38m for breach of money laundering laws
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has fined Binance, a popular cryptocurrency platform, “$6 million for ...Hassan-Odukale steps down as First Bank Chairman, Olufowose appointed
Tunde Hassan-Odukale has stepped down as the Chairman of First Bank of Nigeria Limited. Updating the Nigerian Exchange Group of ...Naira declines to N1,450/$ at parallel market
The naira declined to N1,450 at the parallel section of the foreign exchange (FX) market on Wednesday. The current FX ...Suspend charges on deposits till September, CBN directs banks
The Central Bank of Nigeria (CBN) has instructed deposit money banks and other financial institutions to halt the processing fees ...BDC operators arrested as naira sells 1,416/$
Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the ...Everything you need to know about CBN’s new Cybersecurity levy
The Central Bank of Nigeria just issued an order to all banks operating within the country to impose a cybersecurity ...UBA begins 2024 strong as gross earnings rise by 110% in first quarter
United Bank for Africa has released its financial results for the first quarter ended March 31st, 2024, showing very strong ...FG eyes $750m World Bank loan, considers telecom tax
In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom ...
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