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The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.
In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.
The Central Bank of Nigeria has said the country attracted $6 billion foreign investments in the first three months of the year.
Some loyalists of the All Progressives Congress (APC) in Sokoto State on Sunday expressed appreciation over peaceful moves initiated among party supporters as former Sen. Umaru Dahiru joined Gov. Aminu Tambuwal at a function.
This is even as the apex bank sustained its intervention in the various sectors of the inter-bank foreign exchange market with the injection of $545m.
Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) which fails to comply with its directive to open teller points for retail forex transactions.
Ghana international Isaac Cofie will spend the next two seasons with Turkish outfit Sivasspor, the club have announced.
Some wives of Nigerian Governors, under the aegis of Wives of Governors Against Cancer, WOGAC, have formed strong alliance with Roche Nigeria as part of their efforts to win the war against cancer in Nigeria.
French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday.
The Medical and Dental Council of Nigeria (MDCN) has granted 412 foreign-trained doctors the nod to practice medicine in the country.
It all started when Frodd and the other guys tried to go into the bathroom to shower but were stopped by Tacha, who didn’t want to share the bathroom with anyone.
The chance of the Peoples Democratic Party (PDP) and its candidate, Atiku Abubakar in the Feb.23 presidential election to present 400 witnesses listed in their petition against President Muhammadu Buhari’s re-election within the remaining three days continued to tick away.
Akwa Ibom State Governor Udom Emmanuel has called on the National Population Commission (NPopC) to separate census exercise from politics so as to gain acceptance from Nigerians.
Super Eagles winger Samuel Chukwueze has assured the nation that the team will hold no fear when they square up against the Desert Foxes.
Barcelona have officially confirmed the fifth signing of the summer after capturing the signature of Japanese youngster Hiroki Abe from Kashima Antlers in the J-League.
President Muhammadu Buhari on Tuesday said the responsibility for the education of ‘almajiri’ kids rests on the shoulders of state governments.