Banks begin implementation of PoS withdrawal limit with N100k daily, N500k weekly
There are indications that banks have begun the implementation of a daily withdrawal limit of N100,000 and a weekly limit of N500,000 on Point-of-Sale terminals. The implementation is coming after…
Air Sierra Leone resumes direct flight to Nigeria 15 years after
Air Sierra Leone, has resumed its scheduled flight operations between Lagos and Freetown after over 15 years of inactiveness. Air Sierra Leone returned to Nigeria in partnership with a Nigerian…
POS operators to increase charges over 50% telecom tariff hike
Point-of-Sale (POS) operators in Nigeria may soon increase service charges following the Federal Government’s approval of a 50% hike in telecommunications service tariffs. The Association of Mobile Money and Bank…
Only 100,000 POS operators registered, says CAC
The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji has revealed that only 100,000 Point of Sale (POS) operators have officially registered their businesses with the commission as…
Bitcoin Hits Record Above $109,000 Ahead Trump’s Return
Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. Bitcoin…
Why we increased petrol price – Dangote Refinery
The Dangote Petrochemical Refinery has attributed its recent adjustment in the price of Premium Motor Spirit (PMS), commonly known as petrol, to the rising cost of global crude oil. The…
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- Business , International
- January 19, 2025
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Trump meme coin soars 236% amid criticism over timing
US President-elect Donald Trump has launched a meme coin named $TRUMP. The coin, unveiled on January 17, has taken the digital asset market by storm, recording a staggering 236 per…
Dangote raises petrol prices to N955 from N899/litre for bulk buyers
Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor…
PENGASSAN projects petrol price hike as crude cost rises
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has projected that the cost of Premium Motor Spirit (petrol) may rise soon if…
Nigeria’s FX reserves fell by $434m in one week
Nigeria’s foreign exchange (FX) reserve dropped by $435.40 million in one week. According to data from the Central Bank of Nigeria (CBN), the FX reserve fell from $40.92 billion on…
Telecoms Tariff Hike Shouldn’t Be More Than 60% — Minister
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has reiterated that the Federal Government would not allow telecoms companies to increase tariff by 100 per cent. For some…
Nigeria earned N50tn from crude oil in 2024 –Report
Nigeria’s crude oil revenue rose to about N50.88tn in 2024, findings by The PUNCH revealed. Data obtained from the Nigerian Upstream Petroleum Regulatory Commission, an agency of the Federal Government,…
CBN fines nine banks N150m each for ATM cash scarcity
The Central Bank of Nigeria has sanctioned nine Deposit Money Banks with fines totalling N1.35bn for failing to ensure cash availability via Automated Teller Machines during the festive season. Each…
Petrol to cost more as depot owners raise price to N950/litre
THE Premium Motor Spirit, PMS, also known as petrol would likely cost more as depot owners have increased prices by about 4.74 per cent, Vanguard reports. This follows the recent…
FG to blacklist 18 banks owing telcos N200bn on USSD
There are indications that the Federal government will tomorrow list out names of 18 banks owing almost N200 billion to Nigerian telecom operators on Unstructured Suplementary Service Data, USSD, and…