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CBN Directs Banks To Suspend Charges On Deposits Till September

The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by... Read more »
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Shun Panic Of Buying Of Petrol, NNPC tells Motorists

The Nigerian National Petroleum Company (NNPC) Limited has called on motorists to shun the panic buying of Premium Motor Spirit (PMS) also known as petrol as queues have thinned out in filling... Read more »
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FG Eyes $750m World Bank Loan, Mulls Telecom Tax

In pursuit of securing a new $750m loan from the World Bank, the Federal Government may reintroduce previously suspended telecom tax and other fiscal measures. This is according to the Stakeholder Engagement... Read more »
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Dollar To Naira Exchange Rate Today

The Naira yesterday depreciated to N1,410 per dollar in the parallel market, from N1,395 per dollar last weekend. However, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,354.21 per... Read more »
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Banks To Charge Nigerians For Cybersecurity Levy On Transactions

Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6, 2024 by... Read more »
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Zenith Bank Grows Earnings By 189% In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189 per cent in gross earnings, from N270 billion reported... Read more »
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Do You Know That With Just 750,000 You Can Own A Plot Of Land In Enugu State

DO YOU KNOW THAT WITH JUST 750,000 YOU CAN OWN A PLOT OF LAND IN ENUGU STATE. We have a genuine estate land on the ongoing dual carriage way being built by... Read more »
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A Must Read For All Opay Customers

Important PUBLIC NOTICE📌 In compliance with the CBN directive, please note that OPay prohibits any cryptocurrency and all virtual currency trading. Any account engaging in such activities will be closed, and customer information will be... Read more »
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Naira depreciates to N1,365/$ in parallel market

The Naira yesterday depreciated to N1,365 per dollar in the parallel market, from N1,320 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,402.67 per... Read more »
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Banks in Nigeria close 2m accounts over BVN, NIN, others

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank... Read more »