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Insecurity, fraud clog financial inclusion stride

As fiscal and monetary authorities collaborate to ensure that Nigerians keep up the 63.6 per cent financial inclusion stride with the aim of attaining the set target of 20 per cent exclusion rate by 2020, the frightening series of bank robberies and frauds in the system may have put a lid on the agenda.

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.

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Abdulrahman Abdulrazaq

Death of 17 Kwara admission seekers painful, preventable – governor

Kwara State Governor AbdulRahman AbdulRazaq on Sunday lamented the death of 17 students in an auto crash on their way back to the state from Kano, describing the incident as a painful one that could have been prevented.
President Buhari commissions New Terminal Building of Abuja International Airport on 20th December 2018-9

ANAP: We’ll resist planned concession of major airports

The Association of Nigerian Aviation Professionals (ANAP) on Sunday said that aviation unions would continue to kick against planned concession of some major airports across the country by the Federal Government.
Benedict Ayade

Cross River: Communal crisis impeding our development – governor

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Nigeria striker Ajibade’s assist key in Avaldsnes win over Roa

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Pope Francis on March 30 addressed the people, authorities, representatives of civil society and the diplomatic corps in the Moroccan capital, Rabat.

Pope urges Amazon fires to be put out, calls for prayers

The world must work together to extinguish the fires ravaging Brazil’s Amazon rainforest, Pope Francis said in his weekly address to thousands of people gathered in St. Peter’s Square on Sunday.