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Central Bank sanctions four banks, telecom operator for breaking law

Four Deposit Money Banks have been sanctioned by the Central Bank of Nigeria, CBN, asking them to pay total sum of N5.87 billion for...
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Economic changes: $84bn ventures recorded in year and a half — Osinbajo

A report got from the office of the Vice President of Nigeria on the condition of remote venture inflow into the economy has shown...

World Bank invests $10.7 billion in projects in Nigeria

A delegation from the World Bank comprising of 10 executive directors has said a total of $10.734 billion has been invested in projects and...
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CBN captures 31million bank customers in BVN project

The Central Bank of Nigeria has disclosed that it has captured no less than 31 million accounts by bank customers through the Bank Verification...

NAICOM questions financial reports of Equity, Zenith Insurance

The National Insurance Commission, NAICOM, has questioned the financial reports of Zenith Life Assurance Company, Zenith General Insurance Company and Equity Assurance Plc. NAICOM had...

Eight power plants in Nigeria halt over constraints

No fewer than eight power plants in Nigeria have shut down as a result of operational constraints reports say. Minister of Power, Works and Housing,...

Coca-Cola set to launch its first alcoholic drink

Coca-Cola is planning to produce an alcoholic drink for the first time in the company's 125-year history - with an alcopop-style product in Japan. It...

Indonesia finance minister becomes Best Minister in the World

Indonesia’s Minister of Finance Sri Mulyani Indrawati has been named the Best Minister in the World. Responsible for helming the budget of Southeast Asia’s largest...

Buhari nominates Adamu as new CBN deputy governor

President Muhamamdu Buhari has nominated Edward Adamu, to become the new deputy governor of the Central Bank of Nigeria. In a statement by the Special...

Fashola revokes Power Concession contract with Dangote

Nigeria’s Minister for Power, Works and Housing, Babatunde Fashola, has been reported to have terminated the concession agreement for the management of Fiber Optic...