Business

The Central Bank of Nigeria (CBN) has raised concerns over the increasing trend of illicit transactions involving banknotes, warning that the practice threatens the stability of the financial system. CBN Governor, Olayemi Cardoso, disclosed this on Thursday at the Bank’s Security Workshop in Abuja, where security and law enforcement agencies gathered to address the issue. He revealed that recent mystery…

After spending six months in the custody of the Nigeria Correctional Service, four journalists accused of cyberstalking Guaranty Trust Holding Company (GTCO), its CEO, Segun Agbaje and management have regained their freedom. This follows the withdrawal of criminal charges against them by the bank after reaching a settlement. With the agreement in place, the trial court struck out the case.…

The Nigeria Customs Service (NCS) on Thursday said it has intercepted a total of $1,154,900 and SR135,900 undeclared foreign currency at the Mallam Aminu Kano International Airport (MAKIA).  The Assistant Comptroller of Customs, National Public Relations Officer,  NCS, Abdullahi Maiwada in a statement said the seizure was made recently during a routine baggage check on an inbound passenger, Hauwa Ibrahim…

Access Bank Plc has convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast trade potential. The conference serves as a strategic response to the shifting global trade landscape, emphasising Africa’s need to build resilient economies through deeper regional collaboration and enhanced financial and trade…

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called on global investors to direct their attention to the Nigerian oil and gas sector as the nation is now an investors’ haven owing to the robust regulatory reforms and the investment-friendly policies of the President Bola Ahmed Tinubu administration.  The Executive Vice President, Upstream, Mr. Udy Ntia, made the call…

 President Bola Tinubu has nominated Melvin Ayogu to the board of the Central Bank of Nigeria (CBN) and has requested Senate confirmation for the appointment. This announcement was made by the Special Adviser to Tinubu on Information and Strategy, Bayo Onanuga, in a statement on Wednesday. “President Bola Tinubu has written to the Senate, requesting confirmation of Prof. Melvin Ayogu’s…

The Nigeria Customs Service (NCS), Tincan Island Port Command, has handed over illicit drugs worth over N8 billion to the National Drug Law Enforcement Agency (NDLEA) following the successful interception of two containers falsely declared as used cars and auto spare parts from Canada. This was disclosed in a press statement signed by the Command’s Public Relations Officer, Superintendent of…

The Nigerian Railway Corporation (NRC) under the leadership of the Managing Director, Dr. Kayode Opeifa, has expressed its resolve to expose all those behind vandalization of railway critical assets and stamp out the criminal act. He disclosed this in a statement posted by Presidential Villa update on X after the arrest of two rail vandals in Kafanchan, Kaduna State, found…

The Federal High Court in Abuja on Wednesday restrained the Federal Competition and Consumer Protection Commission (FCCPC) from taking “any administrative steps” against MultiChoice Nigeria Limited following its DStv and GOtv price increases. MultiChoice had informed its customers about a planned price increase across its DStv and GOtv packages, set to take effect on March 1, 2025. Justice James Omotosho…

The National Commissioner/CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, on Wednesday led staff of the Commission to the office of the   Minister of Communications, Innovation, and Digital Economy, Dr ‘Bosun Tijani, to brief him on the Commission’s progress in preparing to host the conference and annual general meeting of the Network of African Data Protection Authorities…