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African News

Egypt tries plasma treatment to fight pandemic

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Mohamed Fathi, an Egyptian man who has recovered from Covid-19, winced as he watched tubes running down his arm to donate blood plasma, but insisted:...
Business

Income tax: FIRS inaugurates online portal for financial institutions

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The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial...
Business

Central bank freezes 38 firms’ accounts over forex infractions, others

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The Central Bank of Nigeria has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The affected accounts belong to betting...
Business

Central bank resumes sales of foreign exchange to licensed BDC operators

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The Central Bank of Nigeria (CBN) says it has commenced the sales of foreign exchange to the Bureau De Change (BDC) operators in the country....
Business

Zenith Bank chief calls for promotion of non-oil exports

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Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu, has called for a concerted effort towards diversifying the country’s export base through the promotion...
Business

Central bank, bankers’ committee to support airlines, media with special facilities

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The Central Bank of Nigeria (CBN) and the Bankers’ Committee have unanimously agreed to extend special facilities to Nigerian-registered airlines and the media industry in...
Business

CBN bans banks, third parties from getting forex via Form M

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The Central Bank of Nigeria (CBN) has banned banks from opening Forms M (FOR IMPORTERS) “whose payments are routed through a buying company/agent or any...
Business

Senate queries DPR over N44 billion remittance

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File Photo Officials of the Department of Petroleum Resources (DPR) were on Friday queried by the Senate on Friday for remitting only N44.5 billion into...
Business

GSI: Banks recover N50 million in nine days from debtors’ external accounts

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Nigerian banks recovered N50.32 million within nine days from debtors after the financial institutions began the Global Standing Instruction (GSI) which enables banks to retrieve...
Business Insurance

NAICOM releases guidelines of minimum paid-up share capital for insurance companies

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File Photo The National Insurance Commission (NAICOM) on Tuesday released guidelines for the payment of Minimum Paid-up Share Capital by insurance and re-insurance companies in...