THE NIGERIAN ELECTRICITY REGULATORY COMMISSION (NERC) IS TO CANCEL LICENCES ISSUED TO EIGHT ELECTRICITY DISTRIBUTION COMPANIES (DISCO) FOR ALLEGED BREACH OF THE POWER REFORM LAW.

THE CENTRAL BANK OF NIGERIA (CBN) HAS REVIEWED THE LOAN TO DEPOSIT RATIO (LDR) FOR BANKS UPWARDS TO 65% FROM THE PRESENT 60%.

THE NIGERIA DEPOSIT INSURANCE CORPORATION THURSDAY SAID IT HAD STARTED PAYING DEPOSITORS OF 154 MICRO FINANCE BANKS THAT THE CENTRAL BANK OF NIGERIA REVOKED THEIR LICENCES […]

COMPTROLLER-GENERAL OF NIGERIA CUSTOMS SERVICE, RETIRED COL. HAMEED ALI, HAS EXPLAINED THAT THE CLOSURE OF NATION’S BORDERS BY FEDERAL GOVERNMENT WAS NOT INTENDED TO HURT ANYONE.

THE AMOUNT, WHICH REPRESENTED N830 BILLION INCREASE FROM N15.4 TRILLION RECORDED IN JUNE 2019, MAY HAVE BEEN IMPACTED BY THE REGULATORY DIRECTIVE TO ALL BANKS TO […]

THE DIRECTOR, POLICY PLANNING, RESEARCH AND STATISTICS, NATIONAL SUGAR DEVELOPMENT COUNCIL (NSDC), MR. KOLAWOLE HEZEKIAH, HAS SAID NIGERIA IS EXPECTED TO GENERATE BETWEEN 600,000 TO 750,000 […]

THE CENTRAL BANK OF NIGERIA (CBN) HAS GRANTED APPROVAL-IN-PRINCIPLE (AIP) TO THREE PAYMENT SERVICE BANKS (PSBS). THE THREE INSTITUTIONS ARE HOPE PSB, MONEY MASTER PSB AND […]

KOGI STATE GOVERNMENT IS SET TO INAUGURATE A NEWLY CONSTRUCTED OVER 4 BILLION NAIRA RICE MILL FACTORY WITH THE CAPACITY TO PRODUCE 50 TONNES OF RICE […]

AN EXTENDED SAUDI OIL OUTAGE COULD PUSH BRENT CRUDE PRICES TO $75 PER BARREL, AMERICAN MULTINATIONAL INVESTMENT BANK AND FINANCIAL SERVICES FIRM, GOLDMAN SACHS WARNED CLIENTS […]

CHIEF COMPLIANCE OFFICERS OF BANKS HAVE DENIED GETTING THE NIGERIAN FINANCIAL INTELLIGENCE UNIT (NFIU) LETTER DIRECTING THEM TO PROVIDE BANK ACCOUNT DETAILS OF LEADERS OF THE […]