The Debt Management Office (DMO) says decades of operating budget deficits by successive governments is responsible for Nigeria’s high debt profile. The Director-General of the DMO,...
The apex bank has authorized representatives of foreign banks in Nigeria to collaborate with their parent companies in providing and syndicating foreign currency-denominated loans (specifically, dollar...
There are very strong indications that from 7pm today bank customers will not be able to access online banking transactions that depend on the Unstructured Supplementary...
Umbrella body of the telcom companies, the Association of Licensed Telecom Operators in Nigeria, ALTON, has provided more details on its dispute with Deposit Money Banks...
The Central Bank of Nigeria has clarified that Bank Verification Number, BVN, has no expiry date contrary to claims making the round. The apex bank’s explanation...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, said that the ‘Race to USD200bn In FX Repatriation’ programme of the bank had boosted the...
The Kaduna State Governor Malam Nasir El-Rufai and his Anambra counterpart, Prof. Charles Soludo, have urged the Federal Government to end the fuel subsidy regime which...
The Central Bank of Nigeria (CBN) has threatened to penalize shipping companies exporting undocumented cargoes from the country. CBN Governor, Godwin Emefiele said this today while...
Nigeria’s crude oil output dropped by 38,102 barrels per day in March, translating to a cumulative loss of about 1,181,162 barrels in the month under review,...
To displace charcoal with clean cooking gas, also known as Liquefied Petroleum Gas, would cost Nigeria and other countries in Africa about $7.5bn for downstream infrastructure...