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British bank executives were set to hold a first meeting on Thursday over a possible national alternative to dominant US payment systems Mastercard and Visa as President Donald Trump’s policies causes economic sovereignty concerns.
The post UK banks to meet over possible Visa, MasterCard rival appeared first on Vanguard News.
LAGOS — It is the year 2026. The masks are off, the airports are full, and the stadiums are packed.
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By Yinka Kolawole A recent survey has revealed that 54 percent of businesses in Nigeria remained unregistered in 2025 indicating a modest rebound in business formalization after years of decline. The report on the 2025 State of Entrepreneurship Survey conducted by FATE Foundation shows that 46 per cent of Nigerian entrepreneurs operated formally registered businesses in 2025, […]
The post 54% of Nigerian businesses still unregistered despite uptick —SURVEY appeared first on Vanguard News.
…Egbin, Azura, Sapele, Transcorp plants affected By Obas Esiedesa Electricity generation across the country is expected to dip temporarily as scheduled maintenance on a major gas facility will curtail supply to several thermal power plants. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday announced that Seplat Energy Plc, a joint venture partner and key supplier […]
The post Power outage looms amid scheduled power plants maintenance appeared first on Vanguard News.
By Elizabeth Adegbesan The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex bank disclosed this in its revised sanctions regime on defaulters of the Nigeria Cheque Standard and Nigeria Cheque Printers’ Accreditation Scheme (NICPAS). Among other things, CBN said: […]
The post Banks to pay N10m fine for using unaccredited cheque printer appeared first on Vanguard News.
By Udeme Akpan Electricity Distribution Companies, DisCos, have requested their corporate customers to provide identification details as part of conditions for electricity supply to them, citing the provisions of the new tax regime. Already, the Ikeja Electric Distribution Company (IKEDC) has written its corporate customers to provide these details on or before February 20 to avoid […]
The post New Tax Law: DisCos request corporate customers for identification details appeared first on Vanguard News.
Stockbrokers said bargain hunting persisted in mid-cap and blue-chip stocks, including Dangote Cement, Aradel, Transcorp, FCMB, UBA, Dangote Sugar, among others.
The post Investors gain N1.4trn as Dangote, Aradel boost NGX rally appeared first on Vanguard News.
By Peter Egwuatu The stock market sustained a positive trend Week on Week, W/W, as investors gained over N4.08 trillion in 5 trading days last week. Specifically, the Nigerian Exchange Limited, NGX, market capitalisation, which represents the total value of listed equities, rose to N110.234 trillion from N106.153 trillion in the penultimate week. Similarly, another stock […]
The post NGX sustains positive trend as investors gain N4trn in 5 days appeared first on Vanguard News.
LAGOS — With less than 60 days to the Central Bank of Nigeria’s (CBN) definitive recapitalisation deadline of March 31,
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ABUJA — Fresh data from the Central Bank of Nigeria (CBN) has confirmed fears of a “crowding out” effect in
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