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Category: Business
256 MDAs violated regulations, spent over N284bn without approval – OAuGF
The Office of the Auditor General of the Federation has indicted about 256 Ministries, Departments and Agencies of the Federal Government for violating extant laws…
World Bank spends $15b on 30 projects in Nigeria
The World Bank has committed over $15 billion to support 30 development programmes across Nigeria. In a statement, the World Bank said the programmes are at the…
NNPCL, CBN Set Limit For Oil Revenue Management
The Nigerian National Petroleum Company (NNPC) Limited has collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil…
MultiChoice To Pay $37.3m To Nigeria For Tax Settlement
Pan-African Television broadcaster MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigerian tax authorities and have agreed to pay a total…
Shell, Partners Seal 10-Year Gas Supply Deal For Dangote Plant
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has taken a final decision with its joint venture partners to build a dedicated…
IMF Says Central Banks Should Not Rush Into Rate Cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move “slightly” too…
CBN orders banks to sell excess dollars in 24 hours
•Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise the nation’s volatile exchange rate,…
BREAKING: First Bank Holdings appoints Otedola board chairman
The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who…
PayPal to cut 25,000 jobs in 2024
A fintech company, PayPal Holdings Inc, has announced plans to cut about 9 per cent, or about 2,500 jobs of its global workforce in 2024….
NIN/BVN: Opay to log out accounts by March 1
OPay, a leading financial technology company, said yesterday it has taken various measures to deepen the integrity and credibility of its platform, disclosing that as…