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Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
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Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
News

Cashless Boom in Nigeria: Instant Transfers Skyrocket

Nigeria's cashless economy is booming as instant transfers surge to ₦572 trillion, causing a decline in POS transactions and reshaping the country's financial system.
News

SEC Calls on Nigerian Capital Market to Embrace Innovation

The Nigerian Securities and Exchange Commission (SEC) is urging stakeholders in the Nigerian capital market to embrace innovation as a driver of economic growth and sustainable development. Dr. Emomotimi Agama, Director-General of the SEC, highlighted the potential of innovative financial instruments and fintech to unlock new opportunities and address socio-economic challenges. The SEC is committed to fostering a regulatory environment that encourages responsible innovation in the Nigerian capital market, focusing on sustainability and collaboration among stakeholders.
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Access Holdings Fintech Profit Surges to N161 Million in 2023

Access Holdings, a prominent fintech company, has reported a remarkable increase in profit, reaching...
Business

CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
Business

Hi-Tech Triumphs in FCMB’s Groundbreaking Hackathon

Team Hi-Tech wins FCMB Hackathon with innovative Padi4Life financial solution

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Business

Dangote details mafia fight against $20bn Lekki refinery

Aliko Dangote said a fuel-import 'mafia' tried to block his $20bn Lekki refinery as land, currency and infrastructure costs piled up.
News

Abdullahi accuses Tinubu of running ‘Ponzi economy’ on fresh loan

ADC's Bolaji Abdullahi accused the Tinubu administration of running a 'Ponzi economy' after the federal government sought another $1.25 billion World Bank loan.
Business

Forex shock will swallow tariff cut on car prices, stakeholders warn

Nigerian car prices will not drop despite FG's tariff cut from 70 to 40 percent because forex, logistics and port costs dominate vehicle landing prices.
News

FMDA forecasts 16.42 percent April inflation in Nigeria

FMDA projects Nigeria's headline inflation to rise to 16.42 percent in April from 15.38 percent in March as food and fuel prices climb.