Central Bank of Nigeria (CBN) closes down operations of 20 banks
In a significant move to address financial stability concerns, the Central Bank of Nigeria (CBN) has taken the decision to liquidate 20 banks operating...
Energy Crisis Worsens as Cooking Gas Scarcity and Price Hikes Plague Consumers in Lagos, Kano, Delta, Katsina, and More
An escalating energy crisis has recently gripped several Nigerian states, including Lagos, Kano, Delta, Katsina, and others, as consumers face severe shortages and exorbitant...
Banks’ profits balloon by 156% to N2.3trn
Forex gains: Banks' profits balloon by 156% to N2.3tr ccording to recent reports, Nigerian banks have experienced a significant increase in profits due to...
Financial Management: ICAN Audits 36 States and the Federal Capital Territory, Reveals Rankings with State and FCT Scores.
The Institute of Chartered Accountants of Nigeria (ICAN) has released the results of its Accountability Index (AI) for the 36 states and the Federal...
Crypto King Sam Bankman-Fried Found Guilty of Seven Counts of Fraud
On November 2, 2023, Sam Bankman-Fried, the founder and former CEO of the cryptocurrency exchange FTX, was found guilty of seven counts of fraud...