The Central Bank of Nigeria says the daily limit of funds transfer from mobile phones using short codes will now be N100,000.

In a circular released on Thursday and signed by Dipo Fatokun, director, banking and payment system department, the bank said the decision was made because of the risk associated to mobile banking.

“Concerns have been expressed on the likely exposure of CBN approved entities to the possible breaching of the USSD accessed financial services in view of likely vulnerabilities in the technology and the ever-growing threats,” the circular read.

The management of the Nigerian National Petroleum Corporation (NNPC) says it will partner Osun government on renewable energy development.

Mrs Clara Eminike, the General Manager, Joint Venture of Renewable Energy Division of NNPC, said this when she led the corporation’s team on a visit to Gov. Rauf Aregbesola on Thursday in Osogbo

Eminike said NNPC was ready to collaborate with the state government on the mass production of cassava for industrial purpose of bio-fuel programme of the corporation.

The management of Diamond Bank says it has disposed its entire shares in its UK subsidiary to a member of the GFG Alliance.

According to the bank, this is in line with its objectives of streamlining its operations to focus its resources on the opportunities in Nigerian retail banking.

According to a statement made available by Uzoma Uja, the company’s secretary, the assets were disposed through a Share Sale and Purchase agreement.

The Association of Master Bakers and Caterers of Nigeria (AMBCN) has called on the government to immediately halt the collection of the 15% levy on wheat importation, Dailytrust reports. The National Secretary of the association, Mr. Jude Okafor Amade the call while addressing a peaceful protest in Asaba on Tuesday. He recalled that the levy which was introduced in 2012 was for the purpose of development of cassava bread.

Lucara Diamond Corp. has found another huge diamond at its mine in Botswana.

The company unearthed a 327-carat top white-gem diamond just two weeks after finding a 472-carat light brown stone. It’s the fourth-largest diamond discovered by Lucara, which now produces some of the biggest and best in the world.

The Presidential Advisory Committee against Corruption (PACAC), has disclosed that the Federal Government recorded 8, 000 whistleblowers in the last one year.  The Executive Secretary of PACAC, Prof. Bolaji Owasonoye who stated this on Tuesday in New York said that the whistle blower’s policy had succeeded resoundingly.

The Board of Directors of Chevron Corporation has declared a quarterly dividend of one dollar and twelve cents($1.12) per share, payable June 11, 2018, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 18, 2018.

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday rose marginally with indices increasing by 0.10 per cent. Market capitalisation rose by N14 billion or 0.10 per cent to close at N14.738 trillion against N14.724 trillion on Monday. Also, the All-Share Index which opened at 40,763.93 rose to 38.85 points or 0.10 per cent to close at 40,802.78 following Nestle gain.

The Nigerian Stock Exchange (NSE) has emerged the preferred host of the 22nd Annual Conference of the African Securities Exchanges Association (ASEA) scheduled to hold from 25 to 27 November, 2018, at the Oriental Hotel Lagos. NSE won a similar hosting right for the 2009 edition which was held in Abuja.

The Annual Conference is ASEA’s flagship event, and Africa’s foremost capital markets. Themed “Champions On The Rise: Africa’s Ascension To A More Sustainable Future”, the 2018 edition has a robust agenda and an impressive array of thought leaders as speakers. The two-day conference will feature keynote addresses and presentations, panel discussions and interactive sessions on burning issues around Africa’s global competitiveness, emerging technologies and inclusive growth, within the broader perspectives of sustainability. It will also provide a platform for networking and business opportunities.

The Assistant Director-General and Head Global Cooperation Department, Swiss Agency for Development and Cooperation, Amb. Pio Wennubst says Switzerland has returned all the money kept in the country by late Nigeria’s Head of State Gen. Sani Abacha, with 1.5 million dollars interest.