Business
We spent N58.6bn to print N1.06trn in 2020, CBN reveals
The Central Bank of Nigeria (CBN) has stated that it spent N58.618 billion to print 2.518 billion of naira notes,...
Two years after listing on NGX, MTN Nigeria to sell 575m shares via public offer
MTN Group has disclosed that it will sell 575 million shares worth $241.7 million in the Nigerian unit to institutional...
Nigerian banks to stop accepting old £20, £50 notes Dec 31
Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and...
NDIC MD: Customers can petition CBN over excessive bank charges
Managing director of the Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan has stated that overcharged bank customers can petition the corporation...
Nigerian banks closed 234 branches, 649 ATMs amid COVID-19 pandemic, says IMF
The International Monetary Fund (IMF) has stated that Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in...
CBN to roll out eNaira app for persons without bank accounts
The Central Bank of Nigeria (CBN) will soon unfold an eNaira application for persons without bank accounts to boost financial...
FRC to punish 14 banks violating loan conditions to states
The Fiscal Responsibility Commission (FRC) has stated that it will punish about 14 banks and financial institutions allegedly granting loans...
CIBN to Nigerians: Embrace import substitution to promote domestic industry
The Chartered Institute of Bankers of Nigeria (CIBN) has called Nigerians to embrace import substitution to increase local production of...
Mele Kyari: Dangote refinery, others to drive fuel supply
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari has stated that the 650,000 barrels per...
‘We expect minor challenges’ – CBN says eNaira is secure and dependable
The apex bank, Central Bank of Nigeria (CBN) has promised Nigerians that its newly launched digital currency, eNaira is secure...
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