Sunday, July 13, 2025

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BANK RECAPITALISATION: CBN UNVEILS NEW MINIMUM CAPITAL REQUIREMENTS FOR BANKS.

 In order to strengthen the financial system in Nigeria, the Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging...

TREASURY BILL;  CBN SELLS N1.64 TRILLION.

The Central Bank of Nigeria (CBN) has conducted an auction of Nigerian Treasury Bills (NTBs) which saw a substantial amount of N1.64 trillion being...

FESTIVE SEASON: FCCPC BUSTS DECEPTIVE RICE WEIGHT CLAIMS IN GARKI MODERN MARKET ABUJA.

In an efforts to protect consumer rights and interests, as mandated by the Federal Competition and Consumer Protection Act (FCCPA) 2018, particularly under Sections...

CBN RAISES BENCHMARK MPR BY 200 BASIS POINTS TO 24.75%.

 The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%. This was disclosed by the...

INSURANCE INDUSTRY RECORDED N1.003TRILLION AT CLOSE OF 2023.

The Insurance industry of Nigeria has sustained its progressive trend of positive market performance at the close of 2023 fourth quarter, recording a milestone...

NDIC AND EFCC STRENGTHEN PARTNERSHIP TO CURB FINANCIAL CRIMES IN THE BANKING SECTOR The Nigeria Deposit Insurance Corporation (NDIC)  says it's remains committed to ensuring...

IMPORT DUTIES: FG CANCELS  25% PENALTY ON IMPROPERLY IMPORTED VEHICLES

The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day...

FAAC SHARES N 1,152.756 BILLION FEBRUARY 2024 REVENUE TO FG, STATES AND LGCs.

The Federation Account Allocation Committee (FAAC) has shared a total sum of N 1,152.756 billion February 2024 Federation Account Revenue to the Federal Government,...

TRADE FACILITATION:  NEPC PARTNERS NCS  ON OPERATIONALIZATION OF THE DOMESTIC EXPORT WAREHOUSE 

The Nigerian Export Promotion Council NEPC and the Nigerian Customs Service (NCS) have reaffirmed their commitment to provide seamless trade facilitation for exporting companies. This...

FOREX CRISIS:  CBN CLEARS VALID FX TRANSACTIONS TO ELIMINATE LEGACY BACKLOG.

 The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling a key pledge of the...

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NIGERIA DOMINATES VALUEJET LAGOS WORLD PARA TABLE TENNIS FUTURE 2025.

  Nigeria has asserted its dominance on the international stage, emerging as the overall winner at the ValueJet Lagos World Para Table Tennis Future 2025,...

HOUSE COMMITTEE ON SPORTS APPLAUDS SUPER FALCONS ON EARLY QUARTERFINAL QUALIFICATION.

The House of Representatives Committee on Sports has congratulated the Super Falcons on their impressive performance at the ongoing 2025 African Women’s Cup of...

REPS COMMITTEE CHAIR CALLS FOR NATIONAL RECOMMITMENT TO ACCOUNTABILITY, TRANSPARENCY.

  Chairman of the House of Representatives Committee on Public Accounts, Hon. Bamidele Salam, has called on Nigerians at all levels to recommit to accountability,...

NIGERIAN POLITICIANS DON’T KNOW WHY THEY WERE ELECTED – PROFESSOR PAT UTOMI.

   Professor Pat Utomi, has described the mass defection of politicians from one party to the other as a lack of understanding from the so-called...