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CBN raises banks’ capital base from N25bn to N200bn

The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to...
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Binance executive sues NSA Ribadu, EFCC over detention

The detained Binance executive, Tigran Gambaryan, has sued the National Security Adviser, NSA, Nuhu Ribadu, and the Economic Financial Crimes Commission, EFCC, over alleged...
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Bamboo plant a cost-effective alternative to steel, iron rods in buildings – experts

Experts in the construction industry have called for further studies on the use of bamboo as a mainstream building material in Nigeria. The experts made...
Business

Naira gains 6% at official market

The Naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday’s trading session, according to data...
Business

CBN sells dollars to BDCs at N1,251/$1

The Central Bank of Nigeria (CBN) has sold dollars to Bureau De Change operators at the rate of N1,251/$1. According to a statement issued by the apex...
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FG donates 100 trucks of rice,44 trucks of sorghum to Kano govt.

The Federal Government has donated 100 trucks  of rice, 44 trucks of sorghum and four trucks of maize  to the  Kano State government for...
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Again, NAHCON fixes hajj fare at N8.4m, after increasing additional N1.9m

The National Hajj Commission of Nigeria (NAHCON) has urged  pilgrims who registered for the 2024 Hajj before the previous deadline of Feb. 12 will...
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