Business & Economy

Financial institutions have been mandated by the Central Bank of Nigeria (CBN) to obtain the social media handles of customers for the purpose of identification. It also asked financial institutions …

The Federation Account Allocation Committee (FAAC) says it shared a total sum of N786.161 billion to the Federal Government, States and Local Government Areas in May. This was contained in …

Payments company Mastercard (MA.N) on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across …

Britain’s public sector net debt surpassed 100 per cent of gross domestic product in May as borrowing came in higher than expected, the Office for National Statistics said on Wednesday. …

Six new businesses have been given permission to import petroleum products into Nigeria, the Federal Government announced on Monday. The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority …

The Central Bank of Nigeria (CBN) has declared the removal of cash deposit limitations on domiciliary accounts, saying account holders can withdraw up to $10,000 per day. The apex bank, …

The naira should be freely floating against the dollar and other major world currencies, according to reports from the Central Bank of Nigeria (CBN). This is as the naira trades …

The Interim Managing Director of Nigeria Air, Capt Dapo Olumide, on Tuesday, said the aircraft used to unveil the country’s national career was a legitimate chartered flight from Ethiopian Airlines. …

Nigeria is withholding $812m unrepatriated airline funds, the International Air Transport Association (IATA) has said. This is as Africa’s most populous nation is topping the list of five countries that …

Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector’s post-pandemic recovery remains fragile, an industry group said on Monday. The industry is …