Business
Taming Inflation: Tinubu To Suspend Import Duty On Foods, Drugs For Six Months
President Bola Tinubu may suspended the payment of import duties and tariffs on essential commodities for a period of six months, via an executive...
Business
Recapitalisation: Banks Rush to Meet New Capital Requirements
Nigerian banks have started submitting their plans to raise new capital requirements as per the recent directives of the Central Bank of Nigeria. Acting Director...
Business
U.S. Reps Urge Biden to Pressure Nigeria For Binance Exec’s Release
A group of U.S. lawmakers has urged Presient Joe Biden to pressure the Federal Government to release detained Binance executive, Tigran Gambaryan. The group, in...
Business
US May Exert Pressure on Nigeria to Release Binance Executive
For over three months, Tigran Gambaryan, a high-ranking compliance officer at Binance and former federal agent, has been detained in Nigeria on charges of...
Business
Malaria-Endemic Countries May Boost Economy By Billions If Anti-Malaria Fight Succeeds
A new study commissioned by Malaria No More UK and conducted by Oxford Economics Africa reveals that reducing malaria by 90% by 2030 could...
Business
Nigeria: Economy May Receive $34 Billion Boost If Malaria Is Slashed By 90%
A new study commissioned by Malaria No More UK and conducted by Oxford Economics Africa reveals the potential for monumental economic benefits if malaria...
Business
Avoiding CBN’s Hammer: Five Ways Nigerian Banks May Recapitalise
Nigerian banks are exploring several strategies to meet the new capital requirements set by the Central Bank of Nigeria (CBN). The CBN's recent circular...
Business
Mere Rumours: CBN Says No Plan to Revoke Unity, Polaris, Keystone Licences
In response to online reports suggesting the potential revocation of banking licences of Unity, Polaris, and Keystone banks, the Central Bank of Nigeria (CBN)...