Financial institutions and deposit money banks have been instructed by the Central Bank of Nigeria (CBN) to halt processing fees for deposits until September 30, 2024. The apex bank in a circular dated May 6, 2024, mandated banking institutions...
Residents of Zamfara State have picket in protest the Economic and Financial Crimes Commission (EFCC) headquarters seeking probe of the former Governor of the state, Bello Matawalle. The protesters urged the anti-graft agency to delve into all petitions against...
The Economic and Financial Crimes Commission, EFCC, has placed schools and organizations charging in foreign currencies under surveillance to reduce the pressure on the naira.The Head of Media and Publicity, EFCC, Dele Oyewale, who confirmed this stressed that it...
The Economic and Financial Crimes Commission (EFCC) and celebrity barman, Cubana Chief Priest, have reached an agreement to resolve the naira abuse case outside of court. Cubana Chief Priest was facing charges of naira abuse brought against him by...
NNPCL Chief Communications Officer, Olufemi Soneye who gave the assurance, added that the company currently has an availability of products exceeding 1.5 billion litres, which can last for at least 30 days. “However, as you know, overcoming such disruptions...
The Central Bank of Nigeria, CBN, has ban mobile money operators including fintech firms from onboarding new customers with a nod from the Bank Customers Association of Nigeria.The new directive will affect fintech companies such as OPay, Palmpay, Kuda...
The National Council on Privatisation (NCP) has announced that it is exploring the possibility of merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd. The council intends to inject fresh capital into the institutions...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday said that the anticipated public listing of the company’s shares at the stock market as provided for in the Petroleum Industry Act (PIA)...
The Central Bank of Nigeria (CBN), yesterday, announced that all valid Foreign Exchange (FX) backlogs owed various sectors of the economy had been settled. The FX settlement fulfilled a key pledge of the CBN governor, Mr. Olayemi Cardoso, to...
Thirteen companies quoted on the Nigerian Exchange Limited (NGX) survived macro economic challenges in 2023 to generate N9.44 trillion revenue, representing an increase of 30.5 per cent from N7.23 trillion reported 2022. Analysis of the companies’ results showed that...
