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As the national assembly prepares to repeal the Banks and Other Financial Institutions Act (BOFIA) 2004 and enact a new one, BOFIA 2020, Central Bank of Nigeria (CBN) has asked for the establishment of a Credit Tribunal to address the issue of non-performing loans.
New guidelines issued by the Central Bank of Nigeria (CBN) demand all commercial banks and financial institutions to promptly notify customers on all transactions on their accounts as part of their contractual obligations.
The operation of credit bureaux in Nigeria has deepened the Small and Medium Enterprises (SMEs) in the country through improved loan growth and development of new products for the sector by financial institutions, Mr. Tunde Popoola, Managing Director/Chief Executive of CRC Credit Bureau, has stated.
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Saturday said that the bank would continue to support measures that would deepen penetration of financial services in the country.
TikTok is putting new restrictions on weight loss ads as the app increasingly comes under criticism for promoting dangerous diets. The new policy bans ads for fasting apps and weight loss supplements. It also puts increased restrictions on other weight loss-related ads, like limiting ads for “weight management products” to users over 18 years old and not allowing those ads to “promote a negative body image or negative relationship with food.”
A N250 million packaging factory is to be built at the Murtala Mohammad Airport Lagos by Free On Board (FOB) Goods and logistics in partnership with the Nigerian Aviation Handling Company (NAHCO) and other international partners.
President Muhammadu Buhari will on Thursday depart Abuja for Bissau to attend ceremonies celebrating the National Day of the Republic of Guinea Bissau.
The new Interim Coordinator of the Presidential Amnesty Programme, Col. Milland Dixon Dikio (Rtd), has resumed duty at the Amnesty office, Abuja.
The Ondo State Government on Wednesday says it had not directed or permitted the re-opening of public or private primary and tertiary institutions in the state.
The Federal Executive Council said it has sent a bill for the creation of a Proceeds of Crime Recovery and Management Agency to the National Assembly.
Chelsea boss, Frank Lampard, has said they’re capable of beating defending Premier League champions, Liverpool.
Hamburg SV defender Toni Leistner, who pushed a fan to the ground at the end of their German Cup defeat at Dynamo Dresden last week, was banned for five matches and fined 8,000 euros ($9,469), the German Football Association (DFB) said on Friday.
An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app.
Dr Adebukola Alli, a consultant hematologist at the Alimosho General Hospital, Igando in Lagos State, has said that the importance of blood donation cannot be over emphasised.