The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines. The banks have been under intense...
The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines. The banks have been under intense...
Nigeria’s three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by reports...
The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market. Binance is a digital assets platform which serves as...
The Central Bank of Nigeria (CBN) has denied planning to convert $30bn domiciliary deposits to naira. There had been reports that in a bid to rescue the naira, the Federal...
The Central Bank of Nigeria (CBN) hit the nail on the head yesterday. It accused commercial banks of hoarding over $5 billion in foreign currencies against the threshold approved by...
The Federal Government and the Kingdom of Saudi Arabia would be collaborating to enhance the development of solid minerals in the country. The collaboration between the two countries is being...
The management of Dangote Refinery has confirmed receiving the maiden one million barrels crude cargo. The crude was discharged at the refinery’s terminal on Thursday. In a statement on Friday,...
Bank accounts without Bank Verification Number (BVN) and National Identity Number (NIN) will be frozen by the Central Bank of Nigeria (CBN) with effect from March next year. This is...
Nigeria and Germany yesterday signed an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The signing ceremony, which...
Pension Fund Administrators invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission on ‘Unaudited...
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