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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...

FG TO LAUNCH SUGAR MASTER PLAN PHASE II as INDUSTRY REQUIRES $3.5BN INVESTMENTS 

The Federal Government is set to formally unveil Phase II of the Nigeria Sugar Master Plan (NSMP). This, according to the Executive Secretary of the...

TRADE FACILITATION : CGC ADENIYI RESTATES COMMITMENTS TO ENHANCE TRADE IN KANO

In a bid to rekindle the longstanding partnership between the Nigeria Customs Service and the Kano State Government, the Comptroller-General of Customs, Bashir Adewale...

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INDIAN BUSINESSMAN, THREE OTHERS ARRESTED OVER N3.9BN TRAMADOL AT LAGOS AIRPORT …AS NDLEA UNCOVERS SKUCHIES FACTORY, NABS COUPLE WITH 19KG DRUGS IN ANAMBRA,...

The National Drug Law Enforcement Agency (NDLEA) has arrested an Indian businessman, Gupta Ravi Kumar, and three Nigerian accomplices over the importation of 2,248,000 pills...

DICAN HONOURS NDLEA BOSS FOR INNOVATIVE FIGHT AGAINST ILLICIT DRUGS.

The Chairman and Chief Executive of National Drug Law Enforcement Agency, (NDLEA) Brigadier General, Mohammed Buba Marwa (rtd) has lay his weight behind the...

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA – FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers

BANKING, FINTECH TOP CONSUMER COMPLAINTS IN NIGERIA - FCCPC REPORT. Commission recovers ₦10 billion for aggrieved customers   The Federal Competition and Consumer Protection Commission says...

NBRDA SIGNS  MEMORANDUM OF AGREEMENT  WITH SHANGHAI HAIQI INDUSTRIAL COMPANY OF CHINA.

  National Biotechnology Research Development Agency (NBRDA) has signed a Memorandum of Agreement (MoA) with Shanghai Haiqi Industrial Company of China to establish Nigeria’s first...