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9mobile appoints new CEO

Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has announced the appointment of Obafemi Banigbe as its Chief Executive Officer. This strategic move is part of the company’s broader plan to embark on a new phase of business transformation,…

CBN to implement more policies to tackle cybersecurity challenges

The Central Bank of Nigeria (CBN) says it will continue to implement more policies to tackle cybersecurity challenges and foster innovation to ensure the stability and integrity of the financial system. The deputy governor of financial systems stability at CBN,…

Business

BREAKING: Otedola buys fresh 2.22% shares as stakes in FBN Holdings hit 11.63%

Femi Otedola, billionaire businessman and chairman of FBN Holdings, has acquired an additional 2.22 percent shares in the First Bank of Nigeria The acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Monday. The fresh…

You want to look steeze? Visit Mide’s Store

Part of the most important elements of your party-wear and work-wear wardrobe are your shoes and bags. Several people detest using a common fashion accessories, hence, the need to go extra miles in getting their party shoes and bags. Some…

Business

FG increases number of oil blocks for 2024 bid round

The federal government has increased the number of oil blocks on offer in the 2024 marginal bid round. Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), spoke on Tuesday at the pre-bid conference for…

JUST IN: CBN denies revocation rumours for Fidelity, Polaris, Wema, Unity Banks

The Central Bank of Nigeria (CBN) has refuted allegations that it is contemplating the revocation of operating licences for Fidelity, Polaris, Wema, and Unity Banks. This clarification came amidst concerns about the stability of some Nigerian banks following the licence…

CBN Reportedly Axes 200 Staff Amid Economic Hardship

Reports indicate that the Central Bank of Nigeria has laid off 200 staff members due to economic challenges. A senior staff member, who chose to remain anonymous, confirmed this development to our correspondent on Friday night. “Over 200 staff members…

CBN Mandates Reapplication for Bureau De Change Licenses

The Central Bank of Nigeria (CBN) has directed all existing Bureau De Change (BDC) operators to reapply for new licenses under updated guidelines. This announcement was made on Wednesday in a circular signed by Haruna Mustafa, Director of the Financial…

CBN revises guidelines for Bureau De Change operators

The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the following changes were made: The mandatory caution deposit of N200m for tier-1 BDC licence holders has been removed. Similarly, N50m…

Iran Prepares for Leadership Transition After President Raisi’s Tragic Death

Iran is bracing for a shift in leadership following the tragic helicopter crash that claimed the life of President Ebrahim Raisi, with Mohammad Mokhber, the first vice president, expected to step in as his successor. The Iranian constitution outlines that…