Nobody Should Pay N50 Charges On POS Transactions, Says CBN

The Central Bank of Nigeria (CBN) has clarified the issue of payments of N50 charges by…

CBN slashes bank charges

Card maintenance fees scrapped ATM cost reduced Bank charges will go down in January as the…

CBN: Banks Refund N76.7bn, $20.9m to Customers over Transaction Issues

The Central Bank of Nigeria (CBN) has put banks’ refunds to customers as of November 30,…

Banks Shut down in Ondo over Robbery Scare

Commercial banks in the four local government areas in the Akoko area of Ondo State were…

Buhari Structures Strict Format To Reform Agricultural Sector

President Muhammadu Buhari has said that he plans to curb smuggling activities through Nigeria’s borders in…

Turnover rises in forex market as Naira depreciates

THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign…

CBN targets $4bn non oil exports revenue in 2020

THE Central Bank of Nigeria, CBN, said it would intensify policy measures to achieve $4 billion…

Banks earned N180m to deposit N546b with CBN

The nation’s Deposit Money Banks (DMBs) opted to deposit a whopping N545.71 billion in the tills…

Presidency blocks $2.15bn oil commission to private firm

Indications have emerged on how President Muhammadu Buhari blocked the alleged signing and ceding of an…

Fraudster disguises as official, defrauds customer inside banking hall

A businessman at Trade Fair Market, Lagos, Mr Taiwo Adebari, is at loggerheads with Fidelity Bank…

NEC Approves Additional $250m Investment For NSIA

Having received a presentation of the Nigeria Sovereign Investment Authority (NSIA) business update, and outlook, the…

House urges CBN to review MPR, P&ID director begs for flexible bail conditions and other banking news

House Urges CBN to Review Monetary Policy Rate The House of Representatives has called on the…

Inflation rate rises to 11.61% in October 2019 – Report

The National Bureau of Statistics (NBS) said that Nigeria’s annual inflation rate rose from 11.24 per…

Dangote Industries appoints Halima Dangote as GED of Commercial Operations

Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries…

Stakeholders Target 3.9m Farmers For Insurance Package

An innovative insurance package for small-holder farmers has been unveiled by Fertiliser Producers and Suppliers Association…

We Must Never Tolerate Corruption – NDIC

The Nigeria Deposit Insurance Corporation (NDIC) has said it has zero tolerance for corruption and all…

Rising Claims Force Insurers To Pay N207bn To Policyholders

The continuous increase in the value of insured assets as against premiums paid has forced insurance…

MTN Plans 100,000 MOMO Agents Ahead PSB Licence

MTN Nigeria Plc said it is hopeful of building a network of 100,000 agents before the…

Rice Farmers Want CBN To Reschedule Loan Repayment Plan

Rice Farmers Association of Nigeria (RIFAN), has appealed to Central Bank of Nigeria (CBN), to reschedule…

Power Sector’s Post-Privatisation Six Years After

On the 1st of November, 2013, exactly six years today, attempt at reforming the embattled Nigerian…

We’ll Not Privatise Ajaokuta Steel – FG

Amid renewed efforts to revitalise the Ajaokuta Steel Company Limited (ASCL) and the National Iron Ore…

Union Bank Q3 2019 profit up by 4% to N15bn on Fees, Loan Recoveries.

Union Bank Plc, one of Nigeria’s oldest tier 2 lenders and Nigeria’s most reliable and trusted…

CHECKOUT THIS OPPORTUNITY FOR YOU TO LOAN

As you already know, the CBN has mandated all banks to loan out 60% of their…

NNPC sets deadline for accurate crude oil, fuel consumption data

THE Nigerian National Petroleum Corporation, NNPC, said within the next 90 days, Nigerians would be able to…

Dangote farms commences distribution of hybrid tomato seedlings to farmers in Kano‎

Dangote Farms has flagged off the distribution of hybrid tomato seedlings to tomato farmers under the…

NEITI: Nigeria earned N52.75 billion from solid minerals in 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report released in Abuja on Sunday…

NSE: Market capitalisation rebounds by N15 billion

The Nigerian Stock Exchange on Wednesday, recorded second gain in October with the market capitalisation increasing…

New NCAA chief approve by Buhari

President Muhammadu Buhari has approved the appointment of Captain Musa Nuhu as the new Director General…

NSE Stakes 694m Shares Worth N7.8bn

Equities investors on the Nigerian Stock Exchange (NSE) staked N7.827 billion on 694.02 million shares in…

UBA Grows Profit By 32.3% In 9 Months

United Bank for Africa Plc has its unaudited 2019 third quarter financial results, posting a 14…

NSE: Agric Sector Market Capitalisation Hits N103bn

Agriculture sector on the Nigerian Stock Exchange market capitalization stood at N103.017 billion as at the…

USSD Charge: Bank CEOs Deny Agreement With MTN

Contrary to claims by telecommunications company, MTN Nigeria that the N4 per second it was charging…

FBN Holdings reduces bad loans to 12.6% in 9 months

FBN Holdings Plc on Monday said the non-performing loans (NPLs) ratio for its commercial bank reduced…

$285m Judgement Debt: Interstella Asks CBN To Obey S’Court Order

A Lagos based communication firm, Interstella Communications Ltd, has asked the Central Bank of Nigeria (CBN)…

CBN claims $2.6bn, not $26bn as diaspora remittances

In the World Bank’s 2018 report, titled  “Nigerians Living abroad sent $22bn home in 2017”, the…

JUST IN: Communication Minister directs MTN for immediate suspension of N4 USSD

The Honourable Minister of Communication, Dr Isa Ibrahim Pantami has directed immediate suspension of 4 naira…

TCN to spend $1.65bn on new power project

The Transmission Company of Nigeria TCN is to spend well over $1.65 Billion on a new…

IMF states position on Nigeria’s border closure

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries…

FG to introduce excise duty on soft drinks

The Federal Government is considering introducing excise duties on carbonated drinks, according to the Minister of…

LASG, Igbo markets to ensure infrastructure development in marketplaces

The Lagos State Government says it is partnering with Igbo market leaders in Lagos West Senatorial…