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Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the international market could cause major challenges for resource-dependent nations like Nigeria.
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the Dangote Petroleum Refinery as well as its Fertiliser Plant would save the country $3 billion annually, thereby conserving scarce foreign exchange.
Nigerian banks have reduced the amount of United States dollars customers can pay into their domiciliary accounts from the previous $10,000 to $5,000 monthly.
Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has expressed concern over the way banks charge customers indiscriminately during transactions, saying that apart from charges known to the customers, there appeared to be other ‘hidden’ charges that the banks imposed on their customers.
The House of Representatives, Tuesday, intervened in the conflict between telecommunication companies and banks over N42billion debts from Unstructured Supplementary Service Data (USSD).
The federal government has moved to intervene in the dispute between Nigerian banks and telecommunication companies, directing the latter to suspend its plans to withdraw USSD services from banks.
The Nigeria Deposit Insurance Corporation (NDIC) has said Nigerian banks lost over N264.5 billion to fraudsters between 2017 and September 2020.
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank.
The Minister of Aviation, Sen. Hadi Sirika, on Thursday received a new aircraft brought by Allied Air at the Nnamdi Azikiwe International Airport, Abuja for the distribution of COVID-19 vaccines across the country.
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
Nigerian banks have started blocking accounts of customers involved in crypto transactions, many sources are reporting.
Nigeria’s opposition leader Atiku Abubakar on Saturday condemned Friday’s decision to ban cryptocurrencies by the Central Bank of Nigeria.
The bank had in December 2020 directed that IMTOs and commercial banks in the country pay beneficiaries of diaspora remittances in foreign currencies, in a bid to deepen the foreign exchange market and create transparency in the administration of diaspora remittances into Nigeria.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Financial analysts are speaking in discordant tones over the 3.5 percent decline in Nigerian banks’ non-performing loans (NPLs) as of the third quarter of 2020 as shown by latest figures from the National Bureau of Statistics (NBS).
The African Export-Import Bank (Afreximbank) has increased the number of its trade finance intermediaries (TFIs) to more than 65 in 30 African countries.
Three suspected armed robbers on Saturday were involved a ghastly motor accident at Ode-Remo, Ogun State, while escaping with a car they allegedly snatched at gunpoint.
A group of Russians detained by the police in a part of northern Chad where the army has been battling a rebel invasion from Libya said on Wednesday that they were tourists who had come to sightsee in the Sahara Desert.
President of the Senate, Ahmad Lawan, has said that the upper chamber will publish the names of government agencies that have refused to appear before the Public Accounts Committee to defend the interrogations of the Auditor-General for the Federation in the 2015 report.
Gov. Seyi Makinde of Oyo State has urged local government chairmen in the state to upscale intelligence gathering in their respective council areas.
Super Eagles coach Gernot Rohr was present at the first training session of selected Nigeria Professional Football League players in Abuja on Wednesday.
The Minister in charge of First Baptist Church, Gwagwalada, Abuja, Reverend Deji Oyelami, has advised Christian fathers to be steadfast in prayers and supplication to God to enable them to overcome all challenges.
Operatives of the Lagos Zonal Office of Economic and Financial Crimes Commission, EFCC, have arrested two suspected fraudsters, Konne Israel Barieeba and Osuji Miracle Obieze, for obtaining money by false pretence to the tune of N768, 585, 000. 00 (Seven Hundred and Sixty-eight Million, Five Hundred and Eighty-five Thousand Naira).
Vice President Yemi Osinbajo has promised that the federal government will continue to interact and engage with the Organised Private Sector (OPS) in the country, with a view to improving the Nigeria’s business climate, knowing fully that the sector is the real engine room of growth and development.
Ekiti State Governor, Dr. Kayode Fayemi, has blamed security challenges nationwide on the growing embers of ethnic and religious bigotry that has become prevalent in the country.
Low turnout of voters has characterized Saturday’s State Assembly bye-election in Sabin Gari constituency of Zaria town in Kaduna state.