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Finance Correspondents

Federal government saves $1.3 trillion from central bank’s intervention programmes

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.

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.

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.

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.

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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Convicted Orji Kalu: 2023, here we come

Former Governor of Abia State, Dr Orji Uzor Kalu, who was sentenced to 12 years imprisonment, over N7.65billion fraud, by a Federal High Court sitting in Lagos, while being led out of the court by the Correctional Service officers on Thursday said ‘2023, here we come’.