finance

AbokiFX has reacted to Central Bank of Nigeria Governor, Godwin Emefiele declaring its owner, Oniwinde Adedotun wanted on grounds of allegedly manipulating Nigerian forex market with the platform and allegedly engaging in “illegal foreign…

Federal Government through Central Bank of Nigeria (CBN) has on Friday said it will shut down the operations of ‘Aboki FX’ over publication of exchange rate. ‘Aboki FX’ is a website that provides currency exchange information, which the…

President Muhammadu Buhari is seeking the approval of National Assembly to borrow another $4 billion ($4,054,476,863) and €710 million loans from bilateral and multilateral organisations to fund the deficit in 2021 budget. Buhari is also…

Lagos State Governor, Babajide Sanwo-Olu has on Friday, September 10 signed into law VAT bill earlier passed by House of Assembly. The Governor signed the “bill for a law to impose and charge VAT on certain goods and services” at about…

Central Bank of Nigeria (CBN) has directed all commercial banks to publish the names and Bank Verification Numbers (BVNs) of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks on their…

Rivers State Governor, Nyesom Wike, has on Wednesday insisted on moving ahead with his plan to stop the Federal Government from collecting Value Added Tax (VAT) from the oil-rich South-South state. VAT is a consumption tax paid when…

El Salvador have on Tuesday become the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to the fragile economy. President Nayib Bukele announced late Monday that his…

PayPal has on Monday announced that it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time. The expansion into the hot digital money trend follows…

Central Bank of Nigeria has directed banks to place a post-no-debit restriction on the bank accounts of 18 companies. According to TheCable, the directive was contained in a circular dated August 18 and signed by the Director of Banking…

Office of the Auditor-General of Federation has said that no money is missing from the Federation account. This was contained in a clarification note released by the AuGF’s press unit. In a clarification note released by the AuGF’s…

Fintech investment platform, Rise has on Tuesday, August 17 out a statement on the recent court injunction obtained by Central Bank of Nigeria (CBN), permitting the freezing of its accounts pending investigations that the apex bank is…

Central Bank of Nigeria (CBN) has reportedly been granted the request to freeze accounts of six financial technology (fintech) companies by a Federal High Court in Abuja. According to a report by TheCable, the apex bank said it is…

From nearly being bankrupt in 2009, Pop star and fashion entrepreneur, Robyn Rihanna Fenty widely known as Rihanna, has officially earned herself a spot on Forbes’ World’s Billionaires List as she is now worth over $1 billion. Business…

Central Bank of Nigeria (CBN) has on Thursday, July 29 directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of foreign exchange to meet legitimate forex requests of their customers. The new…

Central Bank of Nigeria (CBN) has on Tuesday, July 27 announced discontinuation of the sales of forex to Bureau De Change (BDC) operators in the country. Central Bank also confirmed that they will no longer license new BDC operations…