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Money and Capital market
Old N1000, N500, N200, N100 notes remain legal tender, says CBN
Maureen Aguta
The Central Bank of Nigeria has denied plans to declare old Naira notes illegal.
This development was communicated in a December 2024 news update of the CBN published on its…
Niger accuses France of bribing Nigeria to establish base in Borno to destabilised Sahel states
Maureen Aguta
Niger Republic’s Head of State, General Abdourahamane Tiani, has accused France of offering financial support to Nigerian authorities to establish a military base in Borno State with the intention…
Police probe Zenith Bank over Aquitane Oil unpaid dividend
Maureen Aguta
The Nigerian police in Abuja are investigating Zenith Bank Plc over alleged falsification of a shareholder’s bank statements and withholding of share dividends.
The investigation was prompted by a…
2024: Nigeria’s FDI falls by 22.85% in Q2, worst in 9 years
Maureen Aguta
Contrary to Nigeria’s President, Bola Ahmed Tinubu's recent claim that the country recorded $30 billion Foreign Direct Investment (FDI) in the last year, data has shown that in the second quarter of…
Again, Access Bank dragged to court over alleged unlawful deductions from customer’s account
Maureen Aguta
A legal practitioner, Junaid Sanusi who is a customer of Access Bank Plc, has sued the bank for N100 million for allegedly deducting his money unlawfully.
While arguing his originating summons before…
Reps orders GTB to refund 7-year unremitted VAT to Federal Government
Maureen Aguta
The House of Representatives has asked Guaranty Trust Bank (GTB, to calculate and refund to the Federal Government recovery accounts, the Value Added Tax (VAT) on the commission from Remita, which the bank…
REVEALED: UBA pensioners paid N10, 000 to N15, 000 a month
Maureen Aguta
United Bank of Africa (UBA) pensioners have slammed the Chairman of the Bank, Tony Elumelu, whom they accused of insensitivity to their plight.
Some of the pensioners recently embarked on a…
CBN interventions fail to save naira, now exchanges N1600/$
Maureen Aguta
Despite recent efforts by the Central Bank of Nigeria (CBN) to stabilize the exchange rate through the reintroduced retail Dutch Auction System (rDAS), the naira remains under significant pressure. The…
We’re focused on our N19.4trn revenue target, say FIRS chairman
Maureen Aguta
An Executive Bill which seeks to overhaul revenue administration in Nigeria, including regulation of the cryptocurrency industry, is being put together for transmission to the National Assembly, chairman of…
Court finds Sterling Bank guilty for breach of contract, awards damages
Maureen Aguta
Justice Olumuyiwa Martins of a Lagos High Court has awarded N75 million damages against Sterling Bank Plc, over a breach of the non-disclosure and non-circumvention agreement it had with Comfort Stevens…