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FinanceNews
CBN and NDIC Face Criticism Over Heritage Bank Liquidation as Depositors Demand Full Refund
The Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation (NDIC) have come under fire from Heritage Bank depositors following the revocation...
FinanceHuman Rights
Access Bank Allegedly Loses Over N75M Of Customers Money To ‘Network Glitch’
On May 26, Uchechukwu Innocent, an Onitsha-based businessman, received a total inflow of $49,718 in his Access Bank domiciliary accounts through Access Bank...
FinanceNews
Labour Party Advices Re-negotiation, Says ₦494,000 Minimum Wage Demand Unrealistic
The Labour Party has urged workers’ unions to reconsider their indefinite strike and re-negotiate with the government for a new minimum wage. This...
FinanceNews
Strike: NLC, PASAN Cuts Water Supply To National Assembly
The water supply to the National Assembly complex has been cut by members of the Parliamentary Staff Association of Nigeria (PASAN), an affiliate...
FinanceNews
CBN Revokes Heritage Bank Plc’s License Due to Financial Instability
The Central Bank of Nigeria (CBN) has announced the immediate revocation of the banking license of Heritage Bank Plc, citing breaches of financial...
FinanceNews
Lagos Ends 25% Discount on Public Transport Fare
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced that the 25% discount on fares for regulated public buses, ferries, and train services...
FinanceNews
Pandemic Impact: Global Debt Reaches New Record High Of $315 Trillion
A recent report from the Institute of International Finance (IIF) reveals that global debt has reached $315 trillion, marking the most significant, quickest,...
FinanceWorld
Kenyan President Defends Cost of Private Jet for U.S. Trip
Kenyan President William Ruto defended the cost of hiring a private jet for his trip to the United States, stating it was $76,000,...
FinanceNews
Pound Sterling Reaches 21-Month High Against Euro as UK Rate Cut Hopes Fade
The pound sterling has reached its highest level against the euro since August 2022, trading at £0.8482 per euro on Wednesday. This marks...
FinanceNews
House Of Reps To Probe CBN Over Mass Dismissal Of 600 Staff
The House of Representatives is set to investigate the recent dismissal of about 600 employees by the Central Bank of Nigeria (CBN). This...
FinanceNews
Decreased Dollar Demands: Naira Appreciates To N1,339.33/$1 On Official Market
The Nigerian Naira experienced a significant appreciation against the US Dollar in the official market, closing at N1,339.33/$1 on Monday. This marks a...
FinanceNews
Benue Assembly Cancels Lifetime Pensions for Ex-Governors and Deputies
The Benue State House of Assembly has repealed a controversial law that provided life pensions and extensive benefits to former governors and their...