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Category: Business
Otedola sells shares in Geregu Power for N1trn
Billionaire businessman, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks…
Nigerian Govt launches LG Proof of Address to improve citizen identification
The Federal Government has officially rolled out the Local Government Proof of Address (POA), project, an initiative designed to strengthen national security, improve citizen identification,…
Yuletide: Banks warn against holiday frauds
Banks have warned their customers to be wary of fraudulent activities during the seasonal festivities. The warning was contained in emails and content on their…
FG reshuffles NCAA directors amid corruption allegations
The Minister of Aviation and Aerospace Development, Festus Keyamo, has reshuffled critical directors in the Nigeria Civil Aviation Authority (NCAA), following rumours of serious corrupt…
BREAKING: New tax reforms begin January 1 – Taiwo Oyedele
The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has reaffirmed that the implementation of the new tax reforms will commence…
POS, ATMs: CBN issues fresh directive to Nigerian banks on foreign card transactions
The Central Bank of Nigeria (CBN), has directed banks and non-bank acquirers to introduce multi-factor authentication (MFA) for foreign-issued card transactions exceeding $200 per day….
BREAKING: NMDPRA CEO Farouk Ahmed, NUPRC boss resign as Tinubu names replacements
Farouk Ahmed, the Chief Executive officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has tendered his resignation. This is coming barely 24 hours…
FAAC revenue drops as FG, states, LGs share N1.928 trillion in November
The federal, state and local government councils have shared a total of N1.928 trillion as Federation Account revenue for November 2025. The allocation was made…
Petrol marketers begin implementing fuel price drop nationwide – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said members would begin implementing the latest fuel price reduction by Dangote Refinery from Tuesday to next…
PoS Terminals: CBN gives one month deadline for dual connectivity
The Central Bank of Nigeria (CBN) has issued a one month deadline to Acquirers, Processors, Payment Terminal Service Aggregators and Payment Terminal Service Providers to…