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Financial institutions especially deposit money banks have been exempted from the two weeks lockdown imposed on Abuja, Lagos and Ogun states to prevent a further spread of the coronavirus in the country.
As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the novel Corona virus pandemic in the country, the Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches.
The Central Bank of Nigeria has extended the moratorium on all its intervention funds.
The Nigeria Deposit Insurance Corporation has said it has fully paid both insured and uninsured depositors of 18 closed banks in the country.
The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks (DMBs).
The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.
The Deputy Governor, Corporate Services of the Central Bank of Nigeria, Edward Lamatek Adamu has revealed that the plethora of economic interventions of the apex bank have saved the federal government about N1.3 trillion via import bills.
The Nigeria Deposit Insurance Corporation has said it has paid over N100bn as liquidation dividends to depositors of closed Deposit Money Banks in the last 30 years. It said the amount was in excess of the insured deposits.
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of its drive to adopt cost effective method of bank failure resolution to protect depositors.
The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.
A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.
Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities, comprising crops such as cocoa, oil palm, cotton and groundnut.
Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.
The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
Alliance for Surviving COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Muhammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion contradicts the figures earlier released by his own officials.
Yobe state governor Mai Mala Buni said the sum of N200 million has been earmarked every month for payment of entitlements to retirees of the state civil service.
Emmanuel Amuneke believes Wilfred Ndidi is currently one of the best defensive midfielders in the world and should have to problem joining a big club later in the future.
Seven civilians were killed by a roadside bomb linked to the Taliban in northern Afghanistan, officials said Tuesday, even as authorities pressed for peace talks with the militants.
The governor of Minnesota has said he plans to fully mobilise the state's National Guard and promised a massive show of force to help quell civil unrest following days of protests over the police killing of George Floyd.
The victim was a 65-year-old driver who opted to return home from a neighbouring country, where he resided, after falling severely ill, the ministry said in a statement.