Despite the court order restraining pay TV company, Multichoice, from increasing its tariffs on DStv and GOtv as planned, millions of subscribers in Nigeria are already planning to abandon the services and... Read more »

The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the... Read more »

OPay, a leading financial service company in Nigeria, has clarified that the new Central Bank of Nigeria’s (CBN) directive does not affect existing accounts, while assuring its customers that their funds were... Read more »

Four Nigerian fintech companies have been directed by the Central Bank of Nigeria (CBN) to suspend onboarding new customers. The affected fintech are OPay, Palmpay, Kuda Bank, and Moniepoint. This directive comes... Read more »

The Dangote Industries Limited has said that its target is to ensure that Nigeria becomes self-sufficient in all the sectors, including cement, agriculture, mining and petroleum. The group also reiterated its commitment... Read more »

The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,309.88 per dollar.... Read more »

The Naira yesterday depreciated to N1,305 per dollar in the parallel market, from N1,255 per dollar on Tuesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,308.52 per... Read more »

The Minister of Aviation, Festus Keyamo has suspended Dana Airline operations in the country. The directive followed the incident involving a Dana Air plane at Lagos airport on April 23, which forced... Read more »

The Central Bank of Nigeria (CBN) started fresh and direct sales of US dollars at N1,021 per dollar to Bureau De Change operators. Nigeria’s apex bank disclosed this in a circular signed... Read more »