Heritage Bank: Customers raise alarm over NDIC’s delay in payment of deposits
by Three weeks after the revocation of Heritage Bank, customers of the defunct bank have raised alarm over the delayed payment of their trapped deposits by …
Category: Business
No dirty fuel in Nigeria- NMDPRA counters Dangote Refinery’s claim
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has asserted that there is no dirty fuel in circulation in Nigeria. The Executive Director of …
Business / Cardoso / CBN / inflation / Top Headlines
CBN will use conventional methods to tame inflation – Cardoso
The Governor of the Central Bank of Nigeria, CBN, Mr Olayemi Cardoso has reiterated the determination of the Bank’s Monetary Policy Committee, MPC, to tame …
Naira depreciates to N1500 per dollar
The naira continued to depreciate against the dollar in the foreign exchange market. FMDQ data showed that the naira weakened to N1,500.79 against the dollar …
DMO gives reasons for Nigeria’s debt increase by N24trn
The Debt Management Office, DMO, has explained that the securitisation of N4.90 trillion Ways and Means loan and differences in foreign exchange rates are responsible …
Student Loan: Modify repayment plan – Effiong to Nigerian Govt
Ahead of the takeoff of the student loan scheme recently signed into law by Nigeria’s President, Bola Tinubu, Managing Director of UpdateAfrika Communications, Dr Joseph …
CBN issues directive to IMTOs, banks to boost diaspora remittances, Naira liquidity
The Central Bank of Nigeria has issued a fresh directive to eligible International Money Transfer Operators, IMTOs and all Banks to boost diaspora remittances and …
Nigeria’s inflation, food price hikes will drop by December – PwC
PricewaterhouseCoopers, PwC, a consulting firm, has projected a marginal decline in Nigeria’s inflation to 29.5 percent by the end of this year from 33.95 in …