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Verve Global Card Launches 1st International Transaction In NewYork, USA Verve Global Card Launches 1st International Transaction In NewYork, USA

Verve , a leading payments technology and card business in Africa, and Discover Global Network , the payments brand of Discover, today h...

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Mixed reactions trail planned 5% VAT on online purchases Mixed reactions trail planned 5% VAT on online purchases

Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax on goods bought online. ...

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China pumps $16b in Nigeria’s oil industry China pumps $16b in Nigeria’s oil industry

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 bi...

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China pumps $16 billion in Nigeria’s oil industry China pumps $16 billion in Nigeria’s oil industry

The Executive Vice President of China National Offshore Oil Corporation (CNOOC), Mr. Lu Yan Ji, said the company has invested over $16 b...

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How to prevent your bank account from being hacked How to prevent your bank account from being hacked

In any case that you notice any unusual activity, notify your bank immediately. Cyberattacks on banks happen too frequently. Thankfully...

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6 mistakes to avoid when making international transfers 6 mistakes to avoid when making international transfers

International wire transfers are efficient, fast and cost-effective. However, they can become a costly and timeconsuming problem if you m...

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Eight tips to manage your financial income wisely Eight tips to manage your financial income wisely

Get an accurate picture of your finances The first step here is to get an accurate picture of your finances. That is, how much money...

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Nigerian crude suffers slowest sales of the year Nigerian crude suffers slowest sales of the year

Nigerian crude has suffered its slowest sales of the year in August, traders said, as U.S. exports of competing light, sweet grades flood...

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Dangote shifts completion of Lagos refinery till 2020 Dangote shifts completion of Lagos refinery till 2020

Africa’s largest oil refinery will not be finished until the end of 2020 due to problems importing steel and other equipment, executives ...

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We’ve spent $11 Billion in Nigeria - World Bank We’ve spent $11 Billion in Nigeria - World Bank

The World Bank has declared that it has so far spent around $11billion over the years on projects across the country. Country Director ...

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Nigerian economy threatened as oil prices drop to lowest level in seven years Nigerian economy threatened as oil prices drop to lowest level in seven years

The international oil benchmark, Brent crude, tumbled on Wednesday to $56 per barrel, its lowest level in seven years as the United State...

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Osinbajo directs ‘next steps’ in recovery of N5trn AMCON debts Osinbajo directs ‘next steps’ in recovery of N5trn AMCON debts

The Vice-President, Prof.  Yemi Osinbajo, has directed that new approaches to be adopted in the recovery of debts owed the Assets Managem...

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CBN to begin monthly review of banks’ loan-to-deposit ratios… retains interest rate at 13.5% CBN to begin monthly review of banks’ loan-to-deposit ratios… retains interest rate at 13.5%

The Central Bank of Nigeria on Tuesday said it would begin a monthly review of Deposit Money Banks’ loan-to-deposit ratios from September...

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NNPC records N6.33b trade surplus in May NNPC records N6.33b trade surplus in May

The Nigerian National Petroleum Corporation (NNPC) said it recorded a trade surplus of N6.33 billion for the month of May, 13 per cent hi...

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Pursue double digit economic growth, NIQS charges Buhari Pursue double digit economic growth, NIQS charges Buhari

The most pressing and immediate task to be pursued by the new administration of President Muhammadu Buhari should be to ensure a fast dou...

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Renault, Coscharis to assemble, sell two low-cost vehicles in Nigeria Renault, Coscharis to assemble, sell two low-cost vehicles in Nigeria

French car giant Renault plans to assemble two low-cost vehicles in Nigeria via a joint venture with the local conglomerate Coscharis, a ...

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CBN injects $210 million into forex market CBN injects $210 million into forex market

The inter-bank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nig...

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Lagarde resigns as IMF managing director Lagarde resigns as IMF managing director

Christine Lagarde has resigned as the managing director of International Monetary Fund (IMF). In a statement released on Tuesday, ...

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Give banks 30 days to resolve excess charges complaints, CBN tells customers Give banks 30 days to resolve excess charges complaints, CBN tells customers

The Central Bank of Nigeria has said customers should allow deposit money banks to resolve their complaints on excess charges within 30 ...

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Retrenchment: Why we didn’t renew contracts of affected staff – Ecobank Retrenchment: Why we didn’t renew contracts of affected staff – Ecobank

The management of Ecobank on Wednesday explained why it did not renew contracts of its Vendor Managed Personnel. Recall that over 1,...

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