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Business & Economy
Delta Assembly approves government’s request for an N40bn loan
In order to pay off a backlog of pension arrears, Governor Sheriff Oborevwori requested permission from the Delta State House of Assembly to use an N40 billion credit facility.
Our…
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At CBN window, Naira trades for N763 per dollar
On the Investor & Exporter forex window, the naira strengthened by 0.68 percent against the US dollar.
On Tuesday, the local currency reached its closing rate of N763/$, down from…
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CBN limits transactions via contactless payments to N50,000 per day
The Central Bank of Nigeria (also known as the CBN) has imposed a daily cap of N50,000 on the amount of money that can be transferred contactlessly using bank accounts or digital…
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CBN orders banks to collect social media handles from customers
The Central Bank of Nigeria has ordered financial institutions to collect client information such as social media handles, email addresses, phone numbers, residential addresses, and…
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Operating writes to FG to demand border opens for importation of vehicles
Operating at the Seme Border, goods forwarders have written to the federal government to demand that the border be opened for the importation of vehicles.
In Seme, at a meeting between…
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CBN removes saving, withdrawal caps on domiciliary accounts
The restrictions placed on domestic accounts by the Central Bank of Nigeria have been removed.
The CBN said in a statement on Sunday that the new regulation allowed account holders to…
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FG summons oil marketers, plans to shut down equalization fund
The Fund currently owes its members about N80 billion, according to Mike Osatuyi, National Controller of Operations for the Independent Petroleum Marketers Association of Nigeria.
"We…
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CBN: Tinubu, Buhari clash inevitable, By Dele Sobowale
President Tinubu and former President Buhari's inevitable clash has come closer than either of them realises as a result of the suspension and subsequent arrest of the CBN governor.…
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CAPPA calls on Tinubu to raise minimum wage for all workers
ABUJA - Corporate Accountability and Public Participation Africa (CAPPA) has charged President Bola Ahmed Tinubu to raise the minimum wage for all categories of workers as well as to…
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Subsidy removal: Groups intend to protest on June 12
About 120 civil society organisations have designated Monday, June 12, as a day of protest against gasoline price increases and fraud involving petrol subsidies since President Bola…
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