BUSINESS

The frequent vandalism of vital subsea cables is causing serious economic hardship for Small and Medium Enterprises (SMEs) in Nigeria. Since these cables constitute the foundation of the nation’s internet infrastructure, any disruption to them […]

Nigeria’s banking sector is facing a potential shakeup as a new report suggests only a select few banks may meet the Central Bank of Nigeria’s (CBN) proposed recapitalization requirements. Raising the Bar: A 15-Fold Increase? […]

Brits looking to get their groceries delivered this weekend might be in for a surprise. Major UK supermarkets Sainsbury’s and Tesco are experiencing technical difficulties that are causing significant disruptions to online deliveries. Weekend Woes:The […]

International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now.It stated this in its latest Country Report on […]

Air Peace has gifted six Nigerians Return Tickets to London at the recently held Silverbird Man of the year Awards. The six Nigerians emerged winners…Air Peace has gifted six Nigerians Return Tickets to London at […]

Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental Free Trade Area, the national […]

LivingTrust Mortgage Bank Plc has appointed Dr. Olumide Adedeji as its new Managing Director effective March 7, 2024, and subject to regulatory approval.According to a statement by the company secretary Timothy Gbadeyan, on Friday, before […]

The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs).According to the Central Bank of Nigeria (CBN), VASPs are entities that […]

•House to probe cryptocurrency, other digital assets’ transactionNume Ekeghe in Lagos and Juliet Akoje in Abuja Binance, a leading cryptocurrency exchange, has announced its decision to cease operations in Nigeria due to regulatory challenges with […]

The African Development Bank (AfDB)  yesterday reassured Nigeria of its commitment to funding the construction of some sections of the Coastal and Trans-Saharan highways. The 700-kilometre coastal roads will run from  Lagos to Calabar in Cross River […]