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The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
A team of Nigerian media professionals have launched (DEMS Volunteers’), with a view of leading nationwide awareness and campaigns on Digital Economy.
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.
Oyo State has warned business organisations that built on the mandatory setbacks on major roads to pay for the spaces or have them taken over.
The banking industry recorded 106 per cent increase in profitability to N310 billion in 2018 from N150 billion in 2017.
A concerted effort to end oil palm importation and locally grow the crop on a large-scale basis has kicked off, with the Central Bank of Nigeria (CBN) allocating an initial N30 billion for the project, which it said is already being disbursed to beneficiary farmers in identified states.
The new regulation covers Instant Electronic Funds Transfer Services in Nigeria on various payment channels and any payment platform that seeks to provide Instant Electronic Funds Transfer Services in Nigeria.
Some stakeholders in the banking industry on Tuesday said the unpaid N800bn subsidy arrears to oil marketers had created liquidity gap in the industry.
The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
Alliance for Surviving COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Muhammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion contradicts the figures earlier released by his own officials.
The enterprising forward has now opted for another adventure after the two-year contract she signed with the club expired after the season was canceled as a result of the current global pandemic.
The National Youth Service Corps (NYSC) in Niger on Friday presented state awards to five outgoing corps members for outstanding performances during their service year in the state.
Minister of Youth and Sports Development, Mr. Sunday Dare, has outlined Nigeria’s expectations from Super Eagles coach Gernot Rohr following the extension of his contract.
Awoniyi hit the back of the net a minute after the hour mark, but the goal was disallowed as Oliver Baumann was fouled in the build-up.
Akwa Ibom leaders, under the umbrella body of Akwa Ibom Leaders Vanguard, on Monday blasted President Muhammadu Buhari over alleged perceived corruption, nepotism and frequent abuse of constitution in his government.