The central bank has announced that all bank accounts without BVN and NIN will be placed on “Post no Debit” effective April 2024. This was contained in a circular issued by the apex bank on Friday, 1st of December 2023, and sent to all deposit money banks in the country. The central bank also stated…
The Minister of Solid Minerals Development, Dr. Oladele Alake, during a meeting with the United States Assistant Secretary for Energy and Natural Resources, Geoffrey Pratt, have agreed to set up a team of officials of both countries to explore financing for credit to mining firms and infrastructures. Both parties met on the sidelines of the…
The Nigerian Deposit Insurance Corporation (NDIC) is preparing to increase the maximum deposit insurance coverage to account for the effects of recent economic changes. This was revealed by NDIC Managing Director Bello Hassan during the 2023 Finance Correspondents and Business Editors’ Conference organized by the corporation in Owerri. Hassan stated that the new coverage amount,…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has stepped in to address a conflict between Chevron Nigeria Limited and communities in the Warri exploration and production area in Delta State. The issue revolves around the set-up and naming of the Host Communities Trust Fund. NUPRC has urged Chevron and the concerned communities to peacefully resolve…
By Barbara Bako The Central Bank of Nigeria (CBN) has directed all it’s branches to continue to issue and accept all denominations of Nigerian banknotes, old and re-designed, to and from deposit money banks (DMBs). According to a statement signed by the Ag. Director, Corporate Communications, Mrs Sidi Ali Hakama this is following the order…
President Bola Ahmed Tinubu has presented the Budget of Renewed Hope of N27.5tr for the 2024 fiscal year to the National Assembly. The budget was presented on Wednesday, November 29, 2023, in a joint sitting of the National Assembly. Presenting the budget, the president said Nigeria’s national defence and internal security, local job creation, macro-economic…
Afreximbank says about 43.7 billion dollars worth of trade and investment deals were sealed at the just concluded Intra-African Trade Fair held in Egypt. Intra-African Trade Bank Executive Vice President, Afreximbank, Kanayo Awani, said this at the post-event virtual news conference in Cairo, Egypt, on Tuesday. Ms Awani said the 43.7 billion dollars worth of…
The National Judicial Council (NJC) is set to investigate the issues surrounding the certified true copy (CTC) of the Kano State governorship election appeal at the Court of Appeal in Abuja. NJC officials disclosed this on Tuesday during a visit to the headquarters of the Media Trust Ltd in Abuja. It could be recalled that…
The Nigerian Communications Commission (NCC) on Wednesday said the Portal for the application of the Young Innovative Builders (YIB) programme for students in tertiary institutions across Nigeria is now open for interested applicants. NCC in a statement on X said students who want to be a part of the programme must have designed, developed, built…
The Former Central Bank of Nigeria’s Governor Godwin Emefiele is yet to perfect the N300 million bail granted to him by a High Court of the Federal Capital Territory (FCT) on November 22. He was returned to Kuje prisons straight from the court yesterday. Emefiele who is standing trial on a five-count charged filed against…
