The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of s$7 billion have now been settled, fulfilling a key pledge of its Governor, Mr. Olayemi Cardosoo. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali, in Abuja confirmed that independent auditors from […]
Access Bank will acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in Kenya. Access Holdings’ Secretary, Sunday Ekwochi, announced in a statement filed on the Nigerian Exchange […]
The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN had added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update […]
Zenith Bank Plc has appointed Dr. Adaora Umeoji as its new Group Managing Director, effective June 1, 2024. This was disclosed in a statement signed by the Company Secretary, Michael Otu, which was filed with the Nigerian Exchange Limited on Tuesday. Umeoji will take over from the current GMD, Dr. Ebenezer Onyeagwu, whose time […]
The Nigerian Communications Commission (NCC) has said that voice and data services are 90 percent restored after disruptions caused by the undersea cable cuts. This was revealed in a statement signed by Ruben Muoka, its director of public relations, on Monday. On March 14, banks’ services and telecommunications networks were disrupted due to the […]
The Nigeria Civil Aviation Authority (NCAA) has issued a warning to holders of Permit for Non-Commercial Flight (PNCF) (private jet owners) to desist from engaging in commercial flight operations or face stiff penalties. This was contained in a statement, Wednesday night, signed by the Director, Public Affairs & Consumer Protection, Michael Achimugu, in Abuja. […]
The Central Bank of Nigeria, on Wednesday, handed over N100bn worth of fertilisers to the Federal Ministry of Agriculture and Food Security to boost food production across the country. CBN Governor, Olayemi Cardoso, handed over the 2.15 million bags of fertilisers to the Minister of Agriculture and Food Security, Abubakar Kyari, at the headquarters […]
The federal government has asked Binance for information on its top 100 users in the country, as well as all transaction history for the past six months, the Financial Times is reporting. The request, according to the report on Tuesday, is at the centre of negotiations between Binance and Nigeria. Two of Binance’s top […]
Mele Kyari, the Managing Director of NNPC Limited has raised concern over the rampant and brazen crude oil theft plaguing the Niger Delta region. During a meeting with EFCC chairman Ola Olukoyede on Monday, Kyari emphasised the severity of crude oil theft, describing it as the most significant economic crime in Nigeria that demands […]
Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. The PUNCH earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February 12, 2024, the price review, effective from […]
