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Money laundering: Banks’ brainstorm over new central bank sanction regime

The new Anti Money Laundering/Counter Financing Terrorism (AML/CFT) sanction regime announced by the Central Bank of Nigeria (CBN) has triggered a series of top management brainstorming sessions amongst banks over implications and implementation.

Central bank gives ultimatum to exporters to repatriate proceeds

The Central Bank of Nigeria (CBN) has given exporters who failed to repatriate their proceeds a ninety-day moratorium to comply or face a complete ban on banking services in Nigeria.

Bankers’ Committee to support federal govt’s plan on job creation

The Bankers’ Committee says it has agreed to support Federal Government’s plan to conduct a focus-lab on three selected areas of the economy to accelerate investment and boost job creation.

Forex: Banks cancel commissions on PTA, tuition, medical bills

Members of the Bankers’ Committee have agreed that banks in the country should stop charging commission on the sale of foreign exchange to customers, particularly those meant for Personal Travel Allowance, Business Travel Allowance, tuition and medical bills payment.

Central bank’s forex injections boost confidence in economy – Analysts

“About 57per cent of the total foreign capital inflows into the Nigerian economy between January and May 2017 was recorded in April 2017 and May 2017 following the commencement of the I&E window on April 24, 2017,” they stated.

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Boko Haram kills 4, injures 6 in Konduga

Four persons were killed and six others injured when Boko Haram raided Tunkushe village in Konduga local government area of Borno state on Friday.

Nigerian troops kill 20 armed bandits in Zamfara

The Nigerian Army, 1 Division Kaduna, on Saturday said it had neutralised 20 armed bandits and arrested three suspects at Jambrini Village in Maru Local Government Area of Zamfara.
INEC Chairman Mahmood Yakubu

INEC: No electronic voting in 2019 elections

Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, has said that there will be no use of the electronic voting system in the 2019 general elections.
Argentina's coach Jorge Sampaoli reacts during the Russia 2018 World Cup Group D football match between Argentina and Croatia at the Nizhny Novgorod Stadium in Nizhny Novgorod on June 21, 2018. Croatia won 0-3. AFP PHOTO | Martin BERNETTI

World Cup: Argentina coach plots Nigeria downfall without Lionel Messi

Argentina manager Jorge Sampaoli is reportedly planning changes for his team’s crucial match against Nigeria in St. Petersburg on Tuesday.

APC Convention: FCTA apologises over ‘traffic inconvenience’

The Federal Capital Territory Authority (FCTA) has apologised for inconveniences caused the public by traffic diversion during Saturday’s National Convention of the All Progressives Congress (APC) in Abuja.