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CBN: Refund to bank customers stand at N76.7 billion, $20.9 million

Mr Kofo-Abdulsalam Alada, the Director, Consumer Protection Department (CPD) of CBN, said this at a workshop for business editors and members of the Finance Correspondents Association of Nigeria (FICAN), on Thursday in Yola.

NDIC warns operators against disclosing customers’ financial data, status

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.

Central bank moves to tackle bank debtors

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

Nigeria loses over N3 trillion in non-oil exports – NEXIM chief

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.
Mustafa Chike Obi

Mustafa Chike-Obi: Government should explore opportunities in taxation

There are hidden economic opportunities in taxation which government should explore by brining more people into the tax net, the Executive Vice Chairman, Alpha African Advisory, Mustafa Chike-Obi, has said.

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...

Expert: Why federal government needs more borrowing to fund capital projects

As huge revenue shortfall dogs the 2018 budget, it has been revealed why the Federal Government needs more loans to fund the capital projects.

Federal government needs more borrowing to fund infrastructure – expert

The Federal Government is expected to take more loans if its plan to fund infrastructure is to be realised, says a Senior Analyst at Agusto & Co, Mr Jimi Ogbobine.
Central Bank of Nigeria - CBN

Central bank directs banks to resolve USSD disputes in three days

The Central Bank of Nigeria (CBN), on Saturday directed all commercial banks to resolve disputes arising from use of Unstructured Supplementary Service Data (USSD) channel within three days.

SEC, journalists synergise on investor education

Capital market regulator, Securities and Exchange Commission (SEC), has pledged to work with Finance Correspondents to ensure proper reporting of the capital market to enlighten and educate the investing public.

Magu urges media to support fight against corruption

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has urged media practitioners in the country to support the fight against corruption.

Most horrendous crimes financed by corruption – Magu

Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has disclosed that most crimes militating against humanity are perpetrated using proceeds of corruption.

Central bank pumps $9.96bn into FX market in 6 months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its aggressive interventions in February this year.

Recent Stories

IPOB: Facebook shutdown Nnamdi Kanu’s account

According to the publicity secretary of IPOB, Emma Powerful who disclosed this in a press statement he made available to Daily Sun, said that the reason for the shutdown was as a result of its widely used by those he said were determined to expose the ills of the present administration.
Inter have confirmed that they've completed the signing of Victor Moses from Chelsea after his loan spell with Fenerbahce was brought to an abrupt end.

Inter Milan confirm Victor Moses shirt number

New Inter Milan signing Victor Moses will wear the No.11 shirt for his new club, I Nerazzurri have revealed.
University of Abuja - UniAbuja

University of Abuja suspends admission process

The University of Abuja has suspended the ongoing admission of students due to what it described as irregularities in the process.

Nigerian Navy arrests five suspects, impounds 181 drums of petrol

The Nigerian Navy fight against smuggling activities on the waterways has continued unabated as the command has arrested five suspects.and impounded 4 boats.
Nigeria has slipped on Transparency International’s Corruption Perception Index 2019, scoring 26 per cent.

Transparency: Corruption worse in Nigeria

Nigeria has dropped on Transparency International‘s yearly corruption perception ranking, moving two places down to rank the world’s 34th most corrupt nation in the world.