Category Archives: News

Access Bank acquires Zambian Cavmont Bank Ltd

Access Bank acquires Zambian Cavmont Bank Ltd

Access Bank Zambia, a subsidiary of Nigeria’s Access Bank Plc, has reached a ‘definitive agreement’ with Cavmont Capital Holdings Zambia Plc (CCHZ) to…
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The Reason Why Shoprite is “exiting” Nigeria

Africa’s largest retail chain, Shoprite, announced on Monday that it is considering divesting from its Nigerian retail entity, Retail Supermarkets Nigeria, the owners…
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VAT collection edges higher but indicates weaker economy

Yesterday, the Nigerian Bureau of Statistics (NBS) published data on Value Added Tax Collection (VAT) collection for the first half of 2020. According…
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Details of CBN’s new intervention schemes for non-interest financial institutions

The Central Bank of Nigeria (CBN) has recently launched a total of eleven intervention schemes aimed at increasing access to finance by non-interest…
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Gokada CEO, Fahim Saleh murdered by his Personal Assistant over debt

Gokada CEO, Fahim Saleh murdered by his Personal Assistant over debt

The Personal Assistant to murdered Gokada CEO, Fahim Saleh, has been arrested in connection with the crime, the New York Times reported on…
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CBN Bans the Importation of Maize

CBN Bans the Importation of Maize

The Central Bank of Nigeria (CBN) has directed all authorised dealers to immediately discontinue the processing of Forms M for maize/corn importation into…
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Ecobank Transnational appoints Alain Nkontchou as new Chairman

Ecobank Transnational Incorporated (ETI) has announced the appointment of Alain Nkontchou as its new Chairman of the board of directors. Nkontchou, who is…
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Globasure_OPay-shuts-down-ORide-OCar-OExpress

OPay shutdown ORide, OCar and OExpress Business Units Due to COVID-19 pandemic

Opay yesterday, June 2nd, 2020, announced that it would be shutting down some of its business units (for now) to focus only on…
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FG Introduces Stamp Duty On House Rent Agreement, C Of O, Others

The Federal Inland Revenue Service (FIRS) has said that henceforth, stamp duty will be paid on house rent and Certificate of Occupancy (C…
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CBN reveals how much has been disbursed from N50 billion COVID-19 intervention fund

CBN reveals how much has been disbursed from N50 billion COVID-19 intervention fund

The Central Bank of Nigeria (CBN) has announced the disbursement of over N49 billion out of N50 billion targeted facilities for households and…
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