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Business – Gist Alerts

CBN Orders Banks To Sell Excess Dollars In 24 Hours

Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria (CBN) has ordered Deposit…

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Senate Summons CBN Chief Cardoso Over Naira Free Fall

The Senate’s Committee on Banking, Insurance, and other Financial Institutions has summoned the Governor of the Central Bank of Nigeria,…

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Dangote Retains First Place As Forbes Ranks Otedola 20th Richest In Africa

American business magazine, Forbes, has ranked the Chairman of Geregu Power, Femi Otedola, as the 20th richest in Africa with…

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Shell Exits Oil Exploration In Nigeria, Sells Off Onshore Subsidiary

Shell Plc stated that it has “reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company…

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CBN Dismisses Board Of Union, Titan, Keystone, Polaris Banks

The Central Bank of Nigeria (CBN) has dismissed the entire Board of Directors of Polaris, Titan, Union and Keystone Banks.…

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CBN Lifts Ban On Cryptocurrency Transactions

The Central Bank of Nigeria (CBN) has changed its stance on crypto assets in the country and asked banks to…

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Jumia Stops Food Delivery In Nigeria, Others

E-commerce platform, Jumia Technologies has announced that it will stop its food delivery service, Jumia Food at the end of…

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Multichoice Increases DSTV, GOTV Prices After $72m Forex Loss

Broadcasting company, Multichoice has increased the prices of its services in Nigeria shortly after disclosing a $72m loss in its…

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CBN To Increase Capital Base Of Banks

The Central Bank of Nigeria (CBN) has revealed intentions to increase the capital base of banks in the country. In…

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Nigeria Inflation Rate Accelerates To 27.33% In October

Nigeria’s inflation rate has accelerated to 27.33 percent in October from the 26.72 percent that was recorded in the previous…

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