Four primary mortgage banks and three finance companies were also included.The Central Bank of Nigeria on Tuesday revoked the operating licenses of at least 132 microfinance banks in the country.Four primary mortgage banks and three finance companies were also included.The apex bank said the Microfinance Banks, Finance Companies and Primary Mortgage Banks have ceased to carry on, in Nigeria, the type of business for which their licences were issued for a continuous...

In Ibadan, the Oyo state capital, an armed robber has dead while in action. The armed robber was hit by a car and was later shot by his gang members.According to Eyewitness, the robber just robbed off some people in the area and on their attempt to escape from the scene, one of them was hit with a car in reverse mood. The robbers then left on their bike only to hijack one Micra which they wanted to use to pick their fallen hero, but unfortunately the Micra refused t...

The national currency, which traded for N670 against the dollar on Monday, July 25, crashed even further by 6.7 percent today, July 27.According to new reports, the Nigerian currency, the naira, has crashed further in the parallel market.The naira is now trading for N700 against the U.S. dollar.The national currency, which traded for N670 against the dollar on Monday, July 25, crashed even further by 6.7 percent today, July 27.The exchange rate between the naira and...