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Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National Identity Management Commission disclosed this in a statement signed by…
An increase in failed payment transactions in February caused a 4.83 per cent decrease in the value of cashless transactions to N37.67tn from the N39.58tn that was recorded in January…
Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank…
A leading economist, Dr Ayo Teriba, has called for reforms in the Central Bank of Nigeria to make it into a law-respecting organisation. Teriba, who is the Chief Executive Officer…
It all began Wednesday night with a liquidation announcement from the small regional Silvergate Bank, a favourite among the cryptocurrency crowd. The California business was swept up in several crypto…
Cashless transactions fell to N37.67tn in February 2023 as Nigerians had to grapple with failed and delayed cash transfers. This was a 4.83 per cent fall from the N39.58tn that…
The European Union must urgently lower energy prices and ease regulations to stop industry from fleeing the continent, European businesses said on Monday, as Brussels prepared plans to stimulate the…
The Governor of Lagos State, Babajide Sanwo-Olu, on Monday said the old naira notes remain legal tender in the state. Sanwo-Olu, in a statement signed by the Commissioner of Information…
Power generation on the national grid has continued to hover above 4,000 megawatts since January this year, following the deployment of transformers, substations and other accessories to boost supply. Grid…