archiveSeptember 17, 2019

  The Central Bank of Nigeria (CBN) has said that the nationwide implementation of the cashless policy will begin by March 2020 and that the implementation of the policy would signal the imposition of charges on deposits in addition to already existing charges on withdrawals The apex bank said this...

The Nigeria equities market recorded further dip on Tuesday due to huge loss by Airtel Africa Plc. Specifically, Airtel recorded the highest loss, dropping by 10 per cent to close at N283.50 per share. UACN Property Development Company followed with a decline of 9.55 per cent to close at N1.42,...

  Vice President Yemi Osinbajo has debunked the media report that President Muhammadu Buhari has directed him to seek approvals for agencies under him. The Vice President’s media aide, Mr Laolu Akande, in a statement on Tuesday said: “Our attention has been drawn to a sensational report by The Cable...

  The Central Bank of Nigeria (CBN), on Tuesday, charged operators of bureaux de change to curb money laundering and terrorism by operating in accordance with the rules of the business. Mr Kayode Asanmo, the CBN Deputy Director, Banking Supervision, disclosed this during a sensitisation programme in the South –South...

      The wife of Ondo State Governor, Mrs Betty Anyanwu-Akeeedolu has distributed learning materials to the school children for the annual Back-to-School programme. This year’s edition, held at Auga Community Grammar School also featured presentation of Solayo kits to pregnant women, the distribution of incentives to teachers, and...

President Muhammadu Buhari on Tuesday sacked the chairman of the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP), Mr Okoi Obono-Obla. He has also dissolved the panel and ordered the Attorney-General of the Federation (AGF) and Minister of Justice, to immediately take over all outstanding investigations and...

  The Federal Government has offered for subscription by auction N150 billion worth of bonds in its Sept. 25 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Tuesday in Abuja, stated that it would sell N45 billion of a five year re-opening issue...

  The recent closure of the Nigerian borders with West African neighbours might hamper the implementation of the free trade movement within the sub-region of the Economic Community Of West African States (ECOWAS), officials said. Moustapha Lo, the regional bloc’s parliament speaker, said this while addressing parliamentarians at the ongoing...

The National Bureau of Statistics (NBS) said on Tuesday that the Consumer Price Index which measures inflation rate drop from 11.08 per cent in July to 11.02 per cent in August. The bureau in the report stated that inflation rate of 11.02 per cent for August represents a decrease of...

  The Federal Government has taken another determined step in its bid to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), with the formal inauguration of an inter-agency committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, SAN, inaugurated...