Business Archives

Cardoso named Central Bank Governor of the Year in Africa, gong_news.com

BREAKING: Banks to charge Nigerians for cybersecurity on every transaction

Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6,…

Gong May 7, 2024

Business News Nigeria

Customers in state of panic as CBN bans Opay, Palmpay, others’ new accounts

Some bank customers have expressed panic as the Central Bank of Nigeria (CBN) bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Association of…

Gong April 30, 2024

Aviation Business News

FAAN reopens Lagos airport runway after Dana Air incident

The Federal Airports Authority of Nigeria has announced the reopening of Runway 18L/36R at Murtala Muhammed Airport in Lagos, following a temporary closure caused by a Dana Air plane skidding…

Gong April 24, 2024

Business News Nigeria

Binance chief, others charged with money laundering

The Federal High Court in Abuja has scheduled the arraignment of Binance Holdings Limited and two of its officials – Tigran Gambaryan and Nadeem Anjarwalla – for tomorrow. The firm,…

Gong April 3, 2024

Business News Nigeria

CBN clears all $7b forex backlog

The Central Bank of Nigeria (CBN) has cleared all $7 billion foreign exchange (forex) backlog inherited by Governor Yemi Cardoso. In a statement yesterday, Acting Director of Corporate Communications, Central…

Gong March 21, 2024

Business

Foreign investors pump $823m into forex market

Foreign investors have committed $822.6 million into the economy through the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The NAFEM is the market trading segment for investors, exporters and end-users…

Gong March 11, 2024

Business News Nigeria

CBN screens banks’ financial reports for infractions

The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines. The banks have been under intense…

Gong March 11, 2024

Business News Nigeria

Cement manufacturers declare N710b profit

Nigeria’s three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by reports…

Gong March 4, 2024

Business News Nigeria

FULL LIST: Binance, OctaFX, Coinbase, others blocked over forex crisis

The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market. Binance is a digital assets platform which serves as…

Gong February 23, 2024

Dollar to Naira exchange rate for October 24, 2025

Business News Nigeria

JUST IN: CBN denies plans to convert $30bn domiciliary deposits to naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30bn domiciliary deposits to naira. There had been reports that in a bid to rescue the naira, the Federal…

Gong February 3, 2024

APC apologizes for inviting dead Army General, Supreme Court Justice to stakeholders meeting

DSS drags El-Rufai to court over Ribadu phone interception

Bandits threaten attack on three Kwara communities

2027 Votes Must Count, Obi Sends Strong Warning to INEC officials

BREAKING: Banks to charge Nigerians for cybersecurity on every transaction

Customers in state of panic as CBN bans Opay, Palmpay, others’ new accounts

FAAN reopens Lagos airport runway after Dana Air incident

Binance chief, others charged with money laundering

CBN clears all $7b forex backlog

Foreign investors pump $823m into forex market

CBN screens banks’ financial reports for infractions

Cement manufacturers declare N710b profit

FULL LIST: Binance, OctaFX, Coinbase, others blocked over forex crisis

JUST IN: CBN denies plans to convert $30bn domiciliary deposits to naira

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