The ad hoc committee of the House of Representatives investigating the lease of Federal Government owned assets has invited the Economic and Financial Crimes Commission (EFCC) to help in the recovery of N6.5 billion unpaid dues from the Lagos Trade…
FURTHER to its Press Release of October 26, 2022, on the above subject, the Central Bank of Nigeria (CBN) is pleased to note the positive response of the banking public to the policy through increased currency deposits across banks and…
By Idris Bakare The Debt Management Office has disclosed that it has been difficult for Nigeria to borrow from the international markets as global lenders and investors are shunning countries with Category ‘B’ economic ratings. According to the Director-General of…
By Idris Bakare The Institute of Chartered Accountants of Nigeria (ICAN) has listed issues such as impact on inflation and exchange rates, cost of designing and printing the new currency notes and the timing of the policy, as some of…
By Idris Bakare The Cooperative Financing Agency of Nigeria (CFAN) has appealed to the Central Bank of Nigeria (CBN) to include housing as part of its financial inclusion strategy. The Executive Secretary and Chief Executive Officer of CFAN, Mr Emmanuel…
By Idris Bakare In a bid to promote SDG 8 for decent work and economic growth, Nigerian lender, Unity Bank Plc is collaborating with Kitian Training Hub, an Ibadan-based career advice and skills acquisition training centre to empower no fewer…
By Idris Bakare The Managing Director of TAJBank, Mr Hamid Joda, says the bank’s feat as a highly recognised non-interest financial institution in Nigeria is due to its customer-centric values and innovation. Joda said this in a statement on Monday…
By Idris Bakare The Central Bank of Nigeria has pledged to protect Nigerians in the unbanked, underserved and rural areas as it plans to redesign the naira. In a statement signed by the CBN’s Director of Corporate Communications, Osita Nwanisobi,…
By Idris Bakare Sterling Bank Plc has emerged the overall best in the 2022 Nigerian Banking Sector Survey conducted by Afrinvest (West Africa) Limited, a financial service holding company with focus on West Africa. This recognition follows closely on the…
The Central Bank of Nigeria (CBN) on Thursday said counterfeiting and hoarding were the reasons for redesigning and issuing new Naira notes. Deputy Director, Currency Operations Department, CBN, Mrs Aminu Abdulmalik said this at the Apex bank’s special day, at…
