Business

“Please note that all existing service contracts will also terminate for the store.” Retail Supermarkets Nigeria Limited, which houses Shoprite and Freshmark, has announced plans to terminate its business operations...

Guinness will join a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate as making business unprofitable. After operating in Nigeria since...

The Federal High Court sitting in Lagos has held that a Central Bank of Nigeria (CBN) regulation, which requires financial institutions to demand and collect the social media handles of...

The Central Bank Of Nigeria (CBN), has issued a seven-day deadline for Point of Sales operators, to complete registration with the Corporate Affairs Corporation (CAC). This was revealed during a...

The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May...

The Nigeria Customs Service (NCS) has increased the foreign exchange (FX) rate for import duties to N1,441.58 per dollar, a 4.94 percent increase as against the N1,373.64/$ adopted on May...

The Central Bank of Nigeria (CBN) has ordered  four fintech companies to suspend the onboarding of new customers until further notice. The affected fintech firms, namely OPay, Palmpay, Kuda Bank,...

The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$.This came as the Central Bank of Nigeria stepped up efforts to stem...

The Lagos government is set to demolish a portion of the popular Landmark Beach Resort to give way for the coastal highway construction of Lagos-Calabar road project. This was contained...

Access Bank PLC and KCB Group have today signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited from KCB. Access Bank PLC and KCB...