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FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

Senate seeks explanation on federal government’s planned reduction of $8.1 billion MTN fine

The Senate says it would demand explanation on why the federal government wants to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million.
Vice President Yemi Osinbajo

Yemi Osinbajo: House of Reps allegations false, misleading

Vice President Yemi Osinbajo has declared that allegation against him by the House of Representatives Committee on Emergency and Disaster Preparedness on the approval of N5.8 billion from the Consolidated Revenue Fund to the National Emergency Management Agency (NEMA) was both ‘false and misleading’, saying he did not violate any law in the approval of the fund.

NDIC begins verification of failed MFBs’ depositors

Following the Central Bank of Nigeria’s (CBN) revocation of the licences of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks (PMBs), the Nigeria Deposit Insurance Corporation (NDIC) has commenced verification of the depositors of the affected institutions and would soon begin payment of verified claims.

Emir Sanusi: Tackle poverty, birth rate to end Boko Haram

One of Nigeria’s leading and respected Islamic figures on Tuesday renewed calls to tackle endemic poverty and rapid population growth to help end deadly Boko Haram violence.

Rob Shuter: MTN to acquire banking licence in Nigeria

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.

Usmanu Danfodiyo University establishes center for corporate business

As part of efforts to boost its internally generated revenue, the Usmanu Danfodiyo University, Sokoto, has established a world-class ICT and Prometric centre for corporate services, as well as to promote information technology in the country.

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...

Nigeria crashes food importation by 60 percent

Nigeria has succeeded in reducing the importation of food items by 60 per cent from 2015 to date, the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, reported.
Lai Mohammed, minister of information, says Senate President Bukola Saraki slowed down the progress of the All Progressives Congress (APC)

Self sufficiency: Don’t expect support from food exporting countries – Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, has warned Nigerians not expect support from any food exporting country for Nigeria’s ongoing policy to ensure self sufficiency in food production.

NDIC investigates management, directors of defunct Skye Bank

The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc being carried out by law enforcement agencies.

Teleology takes over 9mobile, appoints new board of directors

After series of twists and legal turns in the takeover process of 9mobile, Teleology Technology Limited on Monday officially took over the operational affairs of the telecoms company.

Lai Mohammed: Federal government spends N2.7 trillion on agriculture, infrastructure

The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the Federal Government expended N2.7 trillion on agriculture and provision of other critical infrastructure in the 2017 budget.

Teleology takes over 9Mobile

Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54 year-old Nasiru Ado Bayero.

ABP: Central bank disburses N160 billion to 850,000 small farmers in three years

No fewer than 850,000 Small Holder Farmers have benefited from the Central Bank of Nigeria’s N160 billion under its Anchor Borrowers’ Programme in the last three years, CBN governor, Godwin Emefele, says.
Lai Mohammed, minister of information, says Senate President Bukola Saraki slowed down the progress of the All Progressives Congress (APC)

Lai Mohammed: External opposition will not derail our agricultural revolution

The Minister of Information and Culture, Alhaji Lai Mohammed, stated this on Monday in Dutse at the Special Town Hall Meeting on Agriculture.

Currency in circulation hits N1.9 billion in first half

The Central Bank of Nigeria has reported N1,900.67billion currency-in-circulation at the end of June 2018, comprising 5,597.60 million pieces of banknotes and 2,317.03 million pieces of coins, valued at N1,899.07 billion and N1.60 billion, respectively.

Central bank warns banks on potential risks

The Central Bank of Nigeria has warned banks and other financial institutions to be wary of emerging risks in the sector.

Central bank: Women are better borrowers

The Central Bank of Nigeria has urged more women to approach the banks for small and medium scale loans because they will repay such grants better than their male counterparts.

Recent Stories

Nigerian Army denies restricting movement in Maiduguri

The Nigerian Army on Wednesday dismissed as ‘false’, social media reports that it had imposed a restriction of movement in Maiduguri.

Man in court over alleged theft of batteries

The Police in Lagos on Wednesday, arraigned 30-year-old Sode Elogy, at a Badagry Chief Magistrates’ Court over the alleged theft of 127 pieces of 100 amps motor batteries valued at N3,683,000.
Kano Pillars interim technical adviser Kabiru Baleria believes he is the right person to lead Sai Masu Gida to the glory.

Kabiru Baleria: I’m ready for Kano Pillars challenge

Kano Pillars interim technical adviser Kabiru Baleria believes he is the right person to lead Sai Masu Gida to the glory.

NNPC: Oil output to hit 1.8 million bpd in 2019

Nigeria will increase its oil production to 1.8 million barrels per day next year, Nigeria National Petroleum Corporation (NNPC) Group Managing Director, Maikanti Baru, has declared.

Man docked for allegedly collecting N141,000 under false pretence

A 33-year-old man, Abolaji Abiodun, was on Wednesday arraigned in an Ota Magistrates’ Court in Ogun for allegedly collecting N141,000 under false pretence to supply building materials to one Tunde Emmanuel.