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Nigeria’s external reserves grew by 5.6% to $38.8bn in 2024 — CBN
Nigeria’s external reserves grew by 5.6% to $38.8 billion in 2024, driven by improved inflows. The Central Bank of Nigeria attributes the growth...
Olaitan Sodiq
Meta threatens to shut down operations in Nigeria over $290 million fine
Meta threatens to shut down operations in Nigeria over a $290 million fine. The fine was imposed by Nigerian regulators for violating data...
Olaitan Sodiq
SEC Warns Nigerians About Suspected Ponzi Scheme Platform, Tofro
The Securities and Exchange Commission (SEC) warns Nigerians about a suspected illegal investment platform called Tofro. Tofro is accused of operating a Ponzi...
Olaitan Sodiq
FG Launches Electronic Invoicing Committee to Enhance Tax Transparency
The Federal Government has launched the National Electronic Invoicing Inter-Agency Steering Committee to curb tax evasion. The committee will oversee the rollout of...
Olaitan Sodiq
GTBank Hikes SMS Alert Fee: What You Need to Know
GTBank is increasing its SMS transaction alert fee from ₦4 to ₦6 per message. The new charge will take effect from Thursday, May...
Olaitan Sodiq
CAC Issues 6-Week Ultimatum to Unregistered Businesses: Register or Face Prosecution
The Corporate Affairs Commission (CAC) has issued a six-week notice to unregistered businesses to register with the Commission or face prosecution and possible...
Olaitan Sodiq
NNPC’s Bayo Ojulari Sacks 200 Officials in Major Restructuring Exercise
The Nigerian National Petroleum Corporation (NNPC) has undergone a major restructuring exercise, resulting in the exit of over 200 officials, including former head...
Olaitan Sodiq
NDIC Begins N46.6 Billion Payout to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has started paying N46.6 billion as the first tranche of liquidation dividends to depositors of the defunct...
Olaitan Sodiq
