By Agunsoye Adenike The World Bank has attributed the frequent building collapse in Lagos State to gaps and loopholes in the permitting process and the use of unqualified professionals in the design and construction of buildings. It also stated that…
The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Directors/Chief Executives of banks to a maximum of 12 years from 10 years. CBN, in a circular on the new, “Corporate Governance Guidelines for Commercial, Merchant, Non-interest…
Stakeholders have said that except Nigeria produces more for exportation and the attitude toward locally-manufactured goods changes, the current challenge with foreign exchange (FX) will persist. They stated this in interviews with journalists in Ibadan on Monday against the backdrop…
An economist, Prof. Uche Uwaleke, has urged the Central Bank of Nigeria (CBN) to look into the new service charges on Point of Sale (PoS) trasactions by the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN). Uwaleke, Professor…
The Central Bank of Nigeria (CBN) has disclosed that it recovered N471.82billion as cumulative repayment from the bank’s intervention programmes in the first half of 2022. According to the apex bank’s half-year report for 2022, the recovery rate rose by…
By Sodiq Adelakun Standard Chartered Bank has entered an agreement with Access Bank for the sale of shareholding subsidiaries of the Bank in Angola, Sierra Leone, The Gambia, Tanzania and Cameroon. The announcement was contained in a statement on Friday…
The Central Bank of Nigeria (CBN) has said it would sanction and blacklist bank directors with loans that remain non-performing for more than one year. Recall that the multiple exchange rate regime In a circular it released last month, it…
By Sodiq Adelakun The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has said that digitizing micro, small, and medium-sized enterprises (MSMEs) will increase revenue by 26 per cent as well as reduce operating cost by…
By Sodiq Adelakun The Central Bank of Nigeria has threatened to close bank accounts as the total number of issued Bank Verification Numbers (BVNs) reached 57.96 million as of July 3, 2023, based on data obtained from the Nigeria Inter-Bank…
The Central Bank of Nigeria (CBN) on Thurs day took awareness of its digital currency, eNaira, to the student community in the University of Abuja. According to Mr Joseph Angaye, Deputy Director, Risk Management Department, who led the CBN team,…
