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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 (BoI)

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.

Recent Stories

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.
national assembly abuja

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.”
David Samson Unuanel

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
A pedestrian walks past a Huawei product stand at an EE telecommunications shop in central London on April 29, 2019. – British Foreign Secretary Jeremy Hunt has urged caution over the role of China’s Huawei in the UK, saying the government should think carefully before opening its doors to the technology giant to develop next-generation 5G mobile networks. His comments come after Prime Minister Theresa May conditionally allowed China’s Huawei to build the UK 5G network, information that was leaked to a newspaper from top secret discussions between senior ministers and security officials, a leak that has caused a scandal that has rocked Britain’s splintered government. (Photo by Tolga Akmen / various sources / AFP)

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.