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Access Bank Takes Over Diamond Bank

Access Bank has acquired Diamond Bank as confirmed by Cableng, who alleged that the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). This is coming after Diamond Bank…

Akwa Ibom Shops For Investors In Deep Seaport

The Federal Government and the Akwa Ibom State Government have reached a critical milestone in the implementation of the Ibom Deep Seaport (IDSP) project. Indeed, the procurement process for the project has commenced as the operators of…

MTN Launches First 5G Technology In Africa

MTN Group, formerly M-Cell - a South Africa-based multinational mobile telecommunications company has moved to boost the internet speed in Africa. MTN says it has achieved download speeds of more than 20 gigabits per second in its first…

e-Fraud: CBN, NCC To Tighten SIM Swap Process

In furtherance to tightening the security features of electronic banking in Nigeria, particularly through the use of USSD codes on mobile phones, the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) is set to…

Naira loses strength in parallel market

The Naira depreciated yesterday to N365 per dollar in the parallel market. This is due to increase in dollar demand. The parallel market exchange rate rose from N363 per dollar on Wednesday to N365 per dollar yesterday. The…
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