CBN Requests Telcos to raise N5bn Capital Investment for Mobile Money Operations
The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money operations to make a minimum capital…
Fresh $1.2bn Alleged Illegal Withdrawals from NLNG dividends…Senate Summons Maikanti Baru, Isiaka Abdulrasak and Godwin Emefiele for Questioning Thursday Next Week
The Senate Committee on Gas has decried a fresh 1.2 billion dollars illegal withdrawal from the Nigeria Liquefied Natural Gas ( NLNG). The Chairman of the committee, Sen. Bassey…
Electronic Fraud in Nigeria’s Banking Sector Projected to Hit N6.1trn by 2021— CBN Director
The Central Bank of Nigeria (CBN) has projected that electronic fraud loses in the country’s banking system would reach N6.1 trillion by 2021. CBN Director of Consumer Protection, Mr…
$10.1bn: MTN Sees Rise in Shares on Report that Nigeria Could Reduce Fine
Shares in South Africa’s MTN Group rose 2.6 per cent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding…
CBN’s Intervention to Boost Agriculture Hits N107bn in 3 years
The Central Bank of Nigeria, CBN, says it has intervened to boost agricultural production to the tune of N107 billion from 2015 to date through the Federal Government…
9mobile: Teleology Takes Over, Announces New Board
Teleology has formally taken control of Nigeria’s troubled telecommunication company, 9mobile, by appointing new board of directors headed by 54 year-old Nasiru Ado Bayero while Stephane Beuvelet…
Defunct Skye Bank: NDIC Monitors Investigations of Management, Directors
MD/Chief Executive, NDIC, Alhaji Umaru Ibrahim The Nigeria Deposit Insurance Corporation (NDIC), says it is monitoring investigations of directors and management of the failed Skye Bank Plc…
Nigeria’s Lost Territorial Control at the Borders Must be Addressed- Moghalu
Kingsley Moghalu, Presidential candidate, YPP Prof. Kingsley Moghalu, the Presidential candidate of the Young Progressives Party, (YPP) says Nigeria’s security issues are compounded by the nation’s porous borders….
No Violations in Approval of N5.8b Emergency Food Intervention Fund for North East- Osinbajo
The Vice President, Yemi Osinbajo has said there are no violations in the approval of N5.8b emergency food intervention fund for North East. This is coming…
Skye Bank’s Takeover Saved 6,000 Jobs N949bn Depositors’ Money- NDIC
The Nigerian Deposit Insurance Corporation, NDIC says the takeover of Skye bank by its new owners, Polaris saved the job of 6,000 workers and depositors’ money…