The Central Bank of Nigeria (CBN) has instructed banks and payment service providers (PSPs) to accept indemnity from customers for highly secured online funds transfer. The bank gave the directive
Business
Capital importation into the country declined by 28.09 percent in the first quarter of 2022, a new report by the National Bureau of Statistics (NBS) has shown. The total capital
Mudassir Amray has been appointed as the new chief executive officer (CEO) of Union Bank following the sale of majority stakes to Titan Trust Bank Limited. Somuyiwa Sonubi, Union Bank’s
Obadiah Nkom, director-general, Nigeria Mining Cadastre Office (NMCO) has advised the federal government to develop the mineral sector and begin the exploration of bitumen to conserve foreign exchange (FX). Nkom
President Muhammadu Buhari says Nigeria is open to more collaborations with Spain for investments. Buhari said this on Thursday at
The World Bank says the Russia-Ukraine war, COVID-19 pandemic, and rising inflation pose challenges to Nigeria’s poverty reduction goals. Jonathan
The Nigerian Meteorological Agency (NiMet) says it is planning to install lightning detector systems in 10 airports across the country.
The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 148.10 million in April 2022. The commission said
Zainab Ahmed, minister of finance, budget, and national planning, has explained why the $3.1 billion contract for automation of the
The Russia-Ukraine war has disrupted the global supply chain, pushed oil prices to the rooftop and caused a spike in
