Business Editors
Central bank: Electronic fraud will hit N6.1 trillion by 2021
Mr Sunday Salam-Alada, Director, Consumer Protection Department, Central Bank of Nigeria (CBN) has said electronic fraud losses in the banking system are projected to reach N6.1 trillion by 2021.
Central bank urges media collaboration in educating depositors
The Central Bank of Nigeria (CBN) has urged media practitioners to collaborate with financial regulators in the country to educate depositors on financial literacy and inclusion. The Head, Financial Inclusion Secretariat, CBN, Mrs Temitope Akin-Fadeyi...
Bank of Industry disburses N81 billion as loan in 2017
The Executive Director of Bank of Industry (BoI), Corporate Services, Tobin Jonathan, has revealed that the bank has disbursed a total of N81 billion loans last year out of a financing gap estimated at $800 million,
Nigeria leads South Africa in foreign reserves
Nigeria is leading South Africa in net foreign reserves as that of the West African country hits $47.37 billion in March to beat South Africa which has $43.15 billion.
Non-oil exports gets N500 billion from central bank
The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele.
Nigeria’s foreign reserves hit $47 billion
Nigeria’s foreign reserves have continued to grow significantly with latest figures by the Central Bank of Nigeria (CBN) at about $47.37 billion as at April 5.
NDIC warns Nigerians against trading in digital currencies
The financial sector insurance regulator, the Nigerian Deposit Insurance Corporation, NDIC, has again warned Nigerians against the risk of trading with digital currencies not issued by the Central Bank of Nigeria, CBN.
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Jigawa government releases N192m for improvement of Dutse water supply
The Managing Director of Jigawa Water Board, Zayyan Rabiu, on Monday said that the state government has released N192 million for the improvement of water supply in Dutse metropolis.
SERAP fumes over ‘repressive’ National Assembly media accreditation guidelines
Socio-Economic Rights and Accountability Project (SERAP) has urged the “leadership and management of the National Assembly to immediately withdraw the repressive media accreditation guidelines or face legal action.”
Ex-Enyimba coach drags club over alleged N3.45 million debt
Former Coach of Enyimba International F.C., Samson Unuanel, on Tuesday dragged the club before the National Industrial Court, Abuja, over alleged unpaid N3.450 million, being the balance of his sign-on-fee
Huawei accuses US of bullying
Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.
Man docked for cultism, possession of firearm
The Police in Lagos on Tuesday docked a man, Toheeb Olapade, 26, at an Ogudu Magistrates’ Court, with charges of unlawful possession of a firearm and being a member of a secret cult.
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Gunmen abduct eight in Zamfara, demand N50 million
Eight persons have again been abducted in Kanoma town of the Maru Local Government Area of Zamfara State by unknown gunmen.
Oga Bello: It’s time to bring back Cinema culture
Veteran actor Adebayo Salami, known as Oga Bello, who recently launched the series, ‘Alagbara,’ said the purpose is to bring back the cinema culture which began at National Theatre years back.
North Central youths demand SGF position
The youth caucus of the All Progressives Congress (APC) in the North-central zone wants President Muhammadu Buhari to cede the position of Secretary to the Government of Federation (SGF) to the zone as a reward for their loyalty to the APC.
Group calls for scrapping of new emirates in Kano
A group under the aegis of the Renaissance Coalition in collaboration with Civil society organisations (CSOs), and other stakeholders in Kano have called for the scrapping of the newly created emirates in the state.
Ninth Assembly: Speaker Dogara’s loyalists negotiate for leadership positions, committee appointments
Members of the House of Representatives loyal to the Speaker, Mr Yakubu Dogara, have started negotiations with the Majority Leader and candidate of the All Progressives Congress for the Speaker in the ninth National Assembly, Mr Femi Gbajabiamila, for leadership positions and committee appointments.