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TSA: Fed govt saves N108bn from bank charges

The Federal Government has saved a total of N108.1bn from charges imposed by banks for managing funds belonging to its ministries, departments and agencies since the commencement of the Treasury Single Account in September 2015.

FirstBank promotes over 3000 staff

FirstBank of Nigeria Limited has promoted over 3000 of its workforce in its recent promotion exercise targeted at rewarding staff for strong performance in driving the Bank’s business.

Customer alerts bank to reverse over N7.3 million mistaken transfer

A Nigerian engineer on Tuesday drew the attention of his bank following a mistaken transfer of over 7.3 million naira (equivalent to about $20,100) into his account.

Namibia cuts lending rate to 6.75%

Namibia’s central bank on Wednesday cut its benchmark lending rate by 25 basis points to 6.75 per cent.

Naira crashes to N370 on lack of dollar supply

The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday.

Central bank injects $364m into inter-bank forex market

The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain liquidity in the market.

South Africa’s rand slips as court sets to rule on central bank’s mandate

South Africa’s rand was slightly weaker on Tuesday ahead of a court ruling on the Central Bank’s inflation targeting mandate and an economic update by ratings agency, Moody’s.

Nigeria to auction N135bn bonds August 23 – DMO

The Federal Government has offered for subscription by auction, N135 billion bonds in its August 23 auction, according to the Debt Management Office (DMO).

Zenith Bank provides for 30% of 9mobile’s loan

Zenith Bank says it has made a provision on 30 percent of its loan to 9mobile, telecommunications company formerly known as Etisalat.

FIRS, JTB share data of high-income earners

The Joint Tax Board and the Federal Inland Revenue Service have started sharing data of high net worth individuals to profile income earners and taxpayers in order to get them pay appropriate taxes.

Naira falls against dollar at parallel market

The naira on Monday depreciated further against the dollar at the parallel market, exchanging at N367 to the dollar.

Customer panic as Ghana central bank takes over two distressed banks

There is a state of panic among customers of two commercial banks in Ghana after the Bank of Ghana (BoG) announced a takeover of the banks.

We’re monitoring use of naira-denominated cards – CBN

The Central Bank of Nigeria says it is closely monitoring the use of naira-denominated cards for international transactions by bank customers.

184,979 retirees benefit from pensions scheme – PenCom

The National Pension Commission on Saturday said no fewer than 184,979 retirees benefited from Contributory Pensions Scheme.

PenCom queries bill on paramilitary pension scheme

The National Pension Commission (PenCom) has kicked against the bill seeking to exclude paramilitary organisations including the police from the Contributory Pension Scheme (CPS).


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ASUU may end strike within one week – Minister

The Minister of Education, Malam Adamu Adamu, on Thursday said ongoing strike by the Academic Staff Union of Universities (ASUU) may be called off within one week.

Lagos, Ogun PDP call for Buruji’s expulsion

Lagos and Ogun state chapters of the Peoples Democratic Party (PDP) have called for the expulsion of Senator Buruji Kashamu from the party, accusing him of anti-party activities and antics meant to destroy the party.

Saraki, Dogara visit Buhari in London

The Senate President, Dr Bukola Saraki, and Speaker of the House of Representatives, Mr Yakubu Dogara, have visited President Muhammadu Buhari in London.

Naira falls against dollar at parallel market

The naira on Thursday continued to fall against the dollar at the parallel market, the News Agency of Nigeria reports.

Masari decries encroachment into grazing reserves in Katsina

Gov. Aminu Masari of Katsina State has expressed concern over the rampant cases of encroachment of cattle routes, grazing and forest reserves in the state.

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Two brothers in court for allegedly duping sister of N25m

The two brothers, Paul Obahor, 42; Isaiah Obahor, 32; and Sunday Okovwutu, 52, residing in Ogba area of Ikeja, are standing trial on a four-count charge of conspiracy, stealing, forgery and failing to report felonies.

Ogun guber: Obasanjo, Amosun drum support for Ogun West

Former President Olusegun Obasanjo and Governor Ibikunle Amosun of Ogun State, on Saturday justified why the Ogun West Senatorial District should produce the next governor of the state in 2019.

Bolt anchors Jamaica into finals

Usain Bolt’s bid to bring the curtain down on his glittering career with a 15th world gold medal remained on track as Jamaica qualified for the final of the 4x100m relay.

Obiano’s emergence as APGA guber candidate unconstitutional – Agbaso

The factional National Chairman of the All Progressive Grand Alliance (APGA), Martin Agbaso, has criticized the emergence of Governor Willie Obiano as the sole candidate of the party in the forthcoming gubernatorial election in the state.

Benue govt denies alleged plan to sack workers

Benue State Government yesterday denied that it was planning to downsize its workforce.