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Category: Business
Nigerian Govt raises Maximum Deposit Insurance Coverage for banks
The Nigerian Government has reviewed upward the Maximum Deposit Insurance Coverage for banks operating within the country.In a recent briefing with journalists, Nigeria Deposit Insurance…
Reps summon minister over fuel scarcity
The House of Representatives on Tuesday summoned the Minister of Petroleum Resources over the nationwide scarcity of the Premium Motor Spirit also known as petrol.The…
Petrol hits N800 as 240 million-litre vessels arrive
The Nigerian National Petroleum Company Limited on Monday began offloading 240 million litres of Premium Motor Spirit, otherwise called petrol, as it stepped up efforts…
How I collected $600,000 for Emefiele – CBN ex-director tells court
A former Director of Information Technology of the Central Bank of Nigeria, CBN, John Ayoh, has explained how he collected $600,000 allegedly for contract gratification…
Naira depreciation: CBN raises Custom exchange rate by N162
The Central Bank of Nigeria, CBN, has increased the exchange rate for calculating tariff and import duties collection at the Nation’s seaports and airports by…
Africa needs $277bn annually to address Climate Change – AfDB President, Adesina
The President of the African Development Bank, Dr Akinwumi Adesina has said the continent needs $277 billion yearly to address Climate Change.Adesina disclosed this in…
Forex: CBN stops four fintech banks from onboarding new customers
The Central Bank of Nigeria, CBN, has ordered four fintech companies to stop onboarding of new customers pending further notice.The affected fintechs- OPay, Palmpay, Kuda…
World Bank to support water, sanitation, hygiene in Nigeria
The World Bank has pledged to continue to support the water, sanitation, and hygiene sector in Nigeria.Dr Ndiame Diop, the new Country Director of the…
Marketers blame supply hitches as fuel scarcity spreads
The scarcity of Premium Motor Spirit, popularly called petrol in Abuja, Nasarawa, Niger and some other states in the North and around the country may…
NEITI made progress in 2022-2023 industry reports – Agency
The Nigeria Extractive Industries Transparency Initiative (NEITI), says it has advanced progress in its conduct of the 2022-2023 industry reports of the oil, gas and…