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Naira Not Devalued – CBN

Naira Not Devalued – CBN

Spread the love          The Central Bank of Nigeria (CBN) has responded to claims that it has depreciated the naira to approximately 630 naira to a dollar. Dr. Isa Abdulmumin, the bank’s acting head of corporate communications, called it…

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Tinubu Promises To Review Emefiele’s Naira Redesign Policy

Tinubu Promises To Review Emefiele’s Naira Redesign Policy

Spread the love          The Central Bank of Nigeria’s (CBN) naira redesign policy would be revisited, according to President Bola Ahmed Tinubu. This was said by the president during his inauguration address yesterday in Abuja, the Federal…

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Reps Amend CBN Act, Raise Lending Limit To 15%

Reps Amend CBN Act, Raise Lending Limit To 15%

Spread the love          The House of Representatives amended the Central Bank of Nigeria Act to increase the apex bank’s maximum lending ceiling to the federal government from 5% to 15%. The change was made at a…

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List Of 47 Microfinance Banks Licences Revoked By CBN

List Of 47 Microfinance Banks Licences Revoked By CBN

Spread the love          The operation licenses of microfinance banks (MfBs), primary mortgage banks (PMBs), and financing firms have been withdrawn by the Central Bank of Nigeria (CBN), the regulatory body announced. According to Abu Noruwa, a…

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How Policy Reversal Prevented Me From Acquiring Refinery In 2006 — Dangote

How Policy Reversal Prevented Me From Acquiring Refinery In 2006 — Dangote

Spread the love          Aliko Dangote, the richest man in Africa, has described how, in 2006, he was unable to purchase Brownfield Refineries under the Federal Government’s Privatization Program. This was revealed by Dangote on Monday in…

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Chartered Institute of Taxation Seeks Review Of Nigeria’s Tax Laws

Chartered Institute of Taxation Seeks Review Of Nigeria’s Tax Laws

Spread the love          Nigeria’s Chartered Institute of Taxation has urged for a comprehensive review of the nation’s international tax laws in order to create a framework that will boost tax collections there. The 25th annual tax…

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Court Intervenes In Titan Trust’s Offer To Buy Out Union Bank Shareholders

Court Intervenes In Titan Trust’s Offer To Buy Out Union Bank Shareholders

Spread the love          The minority shareholders of Union Bank of Nigeria (UBN) have been ordered by the Federal High Court to vote on the N7 per share acquisition offer from Titan Trust Bank Limited. Union Bank…

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CBN Gives Banks 30-day Deadline To Close Accounts Without BVN

CBN Gives Banks 30-day Deadline To Close Accounts Without BVN

Spread the love          Banks and other financial institutions have been given 30 days by the Central Bank of Nigeria (CBN) to terminate accounts without Bank Verification (BVN). As of April 8, according to information from the…

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Femi Otedola’s Brother Acquires Shares In Access Holdings, Geregu

Femi Otedola’s Brother Acquires Shares In Access Holdings, Geregu

Spread the love          The stock market has been buzzing with patronage from high-end investors in the past weeks, and recently, Herbert Wigwe and Paul Otedola made a visit to the bourse. According to a corporate Document…

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President Buhari Seeks Senate Approval For $800M World Bank Loan

President Buhari Seeks Senate Approval For $800M World Bank Loan

Spread the love          President Muhammadu Buhari has asked the senate to approve a request to borrow $800 million from the World Bank. The president said the funds would be used to finance the National Social Safety…

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