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Business & Economy

Inflation peaks at 21.09 percent in October – NBS

The National Bureau of Statistics on Tuesday disclosed that Nigeria's inflation rate rose from 20.77% in September to 21.09% in October 2022. According to...

Naira closes at N680/$1 on 11th November 2022 at the Black market

The national currency, the Naira continued its impressive rally on Friday as it appreciated by 8.72% on Friday, 11th November 2022 to close at...

Sanlam Life Insurance (Nigeria) wins 2022 BAFI Life Insurance Company of the Year awards

Sanlam Life Insurance Nigeria Limited, formerly FBNInsurance, has been awarded the Business Day Bank and Other Financial Institutions (BAFI) Life Insurance Company of the...

Naira has risen again…

From its shameless performance against the major foreign currencies, particularly the America dollar, Nigeria's national currency, Naira, has appreciated from its worst performance ever...

Hackers breach banks and telcos in 16 countries, steal $11m. Nigeria among.

At least 16 African banks, financial services, and telecommunication companies have been attacked by a French-speaking cyber criminal named OPERA1ER, which has stolen at least...

Buhari congratulates FirstBank on 40 years of cross-border banking in UK

President Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in...

Communications regulator, NCC alerts Nigerians against harmful ‘Mobile Apps Group’

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised against the installation of apps from the offending publisher, the ‘Mobile Apps...

MTN, Airtel, others to collect Value Added Tax on behalf of FIRS

The Federal Inland Revenue Service (FIRS) ha appointed telecom giants, MTN, Airtel, as well as money deposit banks in Nigeria to withhold Value Added...

Naira depreciation will not significantly affect the health of Nigerian banks – Fitch

Fitch Ratings, a US-based credit rating agency has assured that Nigerian banks can withstand the current depreciation of the naira.  Fitch disclosed this in a...

Trapped Funds: Emirates to suspend flight operations to Nigeria

''Without the timely repatriation of the funds and a mechanism in place to ensure that future repatriation of Emirates’ funds does not accumulate in...

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