Business
CBN Introduces New Standards to Combat Money Laundering in Nigeria
The Central Bank of Nigeria (CBN) has unveiled a draft framework titled "Baseline Standards for Automated Anti-Money Laundering (AML) Solutions" aimed at enhancing the detection and prevention of illicit...
News
New Price Adjustments for Vehicle Documents Effective June 8, 2025
Nigerians will soon pay more for their vehicle number plates and driver's licenses as the Joint Tax Board (JTB) has approved new price increases....
Business
CBN Fines Paystack ₦250m Over Wallet Breach
The Central Bank of Nigeria (CBN) has fined leading fintech company, Paystack, the sum of ₦250 million for violating its licence terms by running...
News
Banks Hike SMS Alert Fee to N6
Starting Thursday, May 1, 2025, commercial banks in Nigeria will begin charging N6 per SMS alert, up from the previous N4. This was announced...
News
Unregistered Firms Face Jail Time Under New CAC Directive
The Corporate Affairs Commission (CAC) has announced a six-week deadline for all unregistered businesses in Nigeria to formalise their operations or face legal consequences....
Business
FIRS Orders Closure of Unauthorized Tax Accounts
The Federal Inland Revenue Service (FIRS) has directed all banks in Nigeria to immediately shut down any tax and levy collection accounts not integrated...
Business
CBEX Suspect Abiodun Surrenders to EFCC
Adefowora Abiodun, one of the suspected promoters of the controversial cryptocurrency platform, Crypto Bridge Exchange (CBEX), has voluntarily surrendered to the Economic and Financial...
Business
NEC Approves Major Economic Revival Projects
The National Economic Council (NEC) has approved major initiatives aimed at reviving Nigeria’s economy. These include the establishment of the Green Imperative Project (GIP)...
News
Kano Targets $10bn Morocco Investment
The Kano State Government is aiming to attract over $10 billion in investments from Morocco’s leading companies over the next five years. The funds...
News
CBN Faces Contempt Over Paris Club Refund Dispute
A consulting firm, Melrose General Services Limited, has filed a contempt of court charge against the Governor of the Central Bank of Nigeria (CBN),...
Business
Taye Currency Loses N10m to CBEX Scam
Taye Adebisi, better known by his stage name Taye Currency, has spoken out about how he fell victim to a fraudulent Ponzi scheme called...