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Central bank fixes April 3 and 4 for monetary policy committee meeting

This is just as Standard and Poor’s (S&P) has affirmed its ‘B/B’ long and short-term sovereign credit ratings on Nigeria. The agency also assigned a “stable outlook” on the country.

Bank customers reduce despite central bank’s campaign for financial inclusion

Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using financial services reduced in 2017.

IMF raises alarm as banks take N2.4 trillion central bank loans in 3 months

International Monetary Fund (IMF) has cautioned against rising risks in the banking sector leading to banks borrowing a total of N2.496 trillion from Central Bank of Nigeria (CBN) during the last three months of 2017 according to data obtained from the apex bank at the weekend.

Central bank delays monetary policy meeting

The next Monetary Policy Committee (MPC) meeting will hold between seven to 10 days behind schedule, the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Thursday.

Keystone Bank partners NIPOST, launches agency banking

One of Nigeria’s most reliable financial institutions, Keystone Bank Limited has launched ‘KeyServ’ (An Agency Banking Proposition) to serve customers outside its conventional brick & Mortar mode of banking.

Godwin Emefiele: MPC meeting to hold after Senate confirmation of central bank deputy governors

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday the Monetary Policy Committee (MPC) meeting would hold between seven and 10 days after the Senate confirms the list of deputy governors and MPC members submitted by President Muhammadu Buhari.

President Buhari inaugurates N50 billion Sunti Golden Sugar Estate in Niger

President Muhammadu Buhari on Thursday inaugurated N50 billion Golden Sugar Estate in Sunti, Mokwa Local Government Area of Niger State.

Central bank, others brainstorm on new bank customers target

The Central Bank of Nigeria (CBN), bank operators and other stakeholders in the financial sector on Thursday deliberated on ways to ensure financial inclusion of additional 7.6 million Nigerians in 2018.

Justice Kolawole criticises EFCC, withdraws from alleged N3.1 billion corruption case

Justice Gabriel Kolawole of the Federal High Court, Abuja has lambasted the Economic and Financial crimes Commission (EFCC) display of gross misconduct in the prosecution of an alleged N3.1 billion corruption case by the anti-graft agency.

House of Reps probes NHIS over N10 billion withdrawal from TSA

The House of Representatives has resolved to investigate the alleged withdrawal of N10 billion from the Treasury Single Account (TSA) of the National Health Insurance Scheme (NHIS) domiciled in the Central Bank of Nigeria (CBN).

Senate to confirm central bank deputy govs, monetary policy c’ttee members

The Senate has approved that the nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee be screened for confirmation.

Minister Fashola accuses GenCos of plotting to sabotage power supply

Babatunde Fashola, Minister of Power, Works and Housing, on Monday accused power generating companies in the country of planning to disrupt energy supply to sabotage government’s efforts to revamp the economy through improved electrification of the country.

Central bank injects another $210m into foreign exchange market

The Central Bank of Nigeria (CBN) in its quest to guarantee the availability of foreign exchange for customers’ needs has injected another 210 million dollars into the foreign exchange market.

Federal govt urged to break meter distribution monopoly

The Electricity Meters Manufacturers Association of Nigeria (EMMAN) on Monday in Lagos appealed to the Federal Government to break the monopoly of distribution companies in the sale of meters to electricity consumers.


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PRO: NSCDC has complied with CDFIPB directive on BSc, HND dichotomy

‎Despite the directive given by the federal government to all para-military services in country ‎for the harmonisation in promotions, salaries and other allowances of graduates of the Higher National Diploma (HND) from polytechnics and university degree holders, some personnel of the Nigeria Security and Civil Defence Corps (NSCDC) are complaining that the NSCDC‎ is yet to comply.

United Nations solicits for efforts to promote peace in Sudan

The joint representative of the UN and the AU for Darfur in Sudan on Wednesday called for international efforts to carry forward the Darfur peace process beginning with cease-fire agreements.

Troops kill four militiamen, arrest 18 herdsmen in Benue

Troops of the Nigerian Army have arrested 18 herdsmen in the Kwata Sule, Mbayer, Yandev and Kaambee areas of Benue State, who were caught grazing their cows on farmlands, an act which is against the state’s anti-open grazing law.

Vice President Osinbajo contracts media coverage of daughter’s wedding to private firm

Vice President Yemi Osinbajo has contracted out media coverage of the marriage of his eldest daughter Damilola.

Ex-FBI deputy chief Andrew McCabe fired days before retirement

Former FBI deputy director Andrew McCabe, who has endured a year of withering attacks from President Donald Trump, was fired by the Justice Department Friday just days before he was to retire.