No fewer than 86 ministries, agencies and departments of government are owing the Abuja Electricity Distribution Company to the tune of N47bn, THE PUNCH reports. According to a public notice by the management of the AEDC, the Presidential Villa owes the DisCo the sum of N923.9m; the National Security Adviser owes N95.9bn; the Ministry of … Read more
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country’s economic sector, as per DAILYPOST. According to experts familiar with the sector, the move is similar to what the CBN did eight months ago on June 14 last … Read more
The House of Representatives has listed a bill for the regulatory body of organ harvesting, transplanting and donations for debate after resumption from its new year break on Thursday, February 1, 2024, as per DAILYPOST. Also, the Electoral Act Amendment bill will receive attention of the lower legislative chamber in its first legislative business for … Read more
The Central Bank of Nigeria, CBN, has issued a fresh directive to all banks and Nigerians regarding accepting old and redesigned Naira notes.informationguidenigeria CBN issued the directive on Wednesday in a statement by its Acting Director of Corporate Communications, Mrs Sidi Hakama.NYSC Portal See Other Top Stories: Niger: NLC asks Gov Bago to suspend appointment … Read more
The Central Bank of Nigeria (CBN) has launched a new online platform called the CBN Licensing, Approval and Other Requests Portal (CBN LARP). The platform serves to simplify applying for a microfinance bank (MFB) license. LEGIT NEWS reports.InformationGuideNigeria CBN LARP was made public in a statement signed by Isa Abudulmumin, CBN’s director of corporate communications, … Read more
To resolve the lingering airlines’ trapped funds, President Bola Tinubu has directed the Central Bank of Nigeria (CBN) to hold quarterly reconciliation meetings to find a lasting solution to the matter. THE NATION reports.He said the delay in fixing the problem had damaged the country’s reputation in the global aviation industry. The Minister of Aviation … Read more
The Central Bank of Nigeria has increased its intervention in the manufacturing, aviation, and power sectors to N5.6 trillion over the last three years according to CBN results and accounts between 2020 and 2022. The soft loans were provided under the leadership of Godwin Emeifiele in the face of the continuous and numerous challenges that … Read more
The Central Bank of Nigeria has said Nigeria is not doing badly compared with other African countries. According to the apex bank, the country’s inflation rate is better compared to most African nations. Speaking on Tuesday at the 2023 Zenith Bank International Trade Seminar, the acting Governor of the CBN, Folashodun Shonubi said there were … Read more
The Central Bank of Nigeria (CBN) has warned the general public to desist from spraying, hawking, mutilating, or transacting with counterfeit Naira currencies. POLITICS NIGERIA reports.InformationGuideNigeria This was made known in Lokoja, Kogi State capital, on Thursday, August 3, by the Director, Corporate Communications Department of the CBN, Dr Isa AbdulMumin, during the apex bank’s … Read more
The Central Bank of Nigeria (CBN) has taken a significant step in supporting Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) in the country.InformationGuideNigeria As reported by allmedia24.com, the CBN has excluded Microfinance Banks (MfBs) and Primary Mortgage Banks (PMBs) from its cash withdrawal limit policy.JAMB Portal This was disclosed in a circular to all … Read more