The Central Bank of Nigeria (CBN) says its policy of cash withdrawal limit is not based on politics, contrary to insinuations. The Deputy Governor, CBN, Mrs Aisha Ahmad said this in Abuja on Thursday when she answered questions from lawmakers…
Nigeria’s Securities and Exchange Commission (SEC) has warned the Nigerian investing public to desist from dealing with four blacklisted Italian e-commerce companies. This was contained in a statement issued by the regulator on its website and obtained by journalists. The…
…Approved N5m withdrawal limit for corporate account By Seun Ibiyemi The Central Bank of Nigeria (CBN) has announced an upward review of cash withdrawal limits to N500,000 and N5 million for individuals and corporate accounts respectively. The apex bank also…
By Idris Bakare Six days after the new Naira notes went into circulation, some traders are still finding hard to accept it as legal tender. The newly-redesigned N1,000, N500 and N200 bills became legal tender on Dec. 15, 2022. The…
By Idris Bakare The Central Bank of Nigeria (CBN) has been advised to withdraw from further deployment of monetary policy tightening as a tool to check the inflationary pressure. The Managing Director, Centre for the Promotion of Private Enterprise (CPPE)…
By Idris Bakare A new digital finance company, Folopay, has unveiled its products and services with the introduction of several financial packages to enable seamless cashless transactions. Folopay is Africa’s first financial products distribution company registered and licensed with the…
By Idris Bakare The World Bank has disclosed that 80 million working-age Nigerians will not have a full-time job by 2030 if the nation doesn’t improve its employment rate. The global bank disclosed this in its ‘Nigeria Development Update (December…
The National Association of Nigerian Students, NANS, weekend, raised the alarm that Nigerians studying abroad are being frustrated, due to the scarcity of Form A to procure foreign exchange for their transactions. The National Vice President, External, NANS, Mr. Akinteye…
Wema Bank, Nigeria’s most innovative bank, has thrown its weight behind the Duke of Shomolu (DOS) Production, one of the fastest-growing theatre franchises in Nigeria, in its four-stage plays slated for December 2022. According to Morolake Philip-Ladipo, the bank’s Acting…
Experts on Friday called for adoption of corporate governance principles in building stronger institutions in the country, particularly, public sector institutions. The experts said this in a communique after the Institute of Directors (IoD) dinner and awards ceremony with the…
