Recapitalization: Banks hail CBN
Banks in Nigeria have applauded the move by the Central Bank of Nigeria for their recapitalisation. The Association of Corporate…
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Economist predicts drop in prices as Naira appreciates
A development economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices as the Naira…
CBN’s New Policy on Banks’ Capital Base: Access Holdings moves to raise $1.5bn fresh capital
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up…
NIN-SIM Linkage: NCC directs telecom operators to bar non-compliant subscribers
The Nigerian Communications Commission (NCC) has confirmed that it would not be reviewing its deadline to bar owners of more…
Why we’ll closely monitor banks’ compliance with new minimum recapitalization—CBN
*Removes limit on PAPSS for trade payment services The Central Bank of Nigeria has vowed to closely monitor the Nigerian…
CBN raises commercial banks minimum capital base to N500bn
The Central Bank of Nigeria has raised the capital base for commercial banks with international authorization to N500bn and national…
Again, Naira appreciates as Dollar now sells at N1,280 in parallel market
The Naira has continued to appreciate as the US dollar is currently selling at N1,280 in the parallel market. The…
We disconnected UCH over N400 debts – IBEDC
Management of Ibadan Electricity Distribution Company (IBEDC) PLC says it was compelled to disconnect power supply to University of Ibadan…
We didn’t owe IBEDC N495m electricity bill – UCH
University College Hospital, Ibadan, says it did not owe Ibadan Electricity Distribution Company) N495 million bill, as being insinuated. UCH’s…
CBN increases inter-bank interest rate to 24.75%
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, raised Monetary Policy Rate, MPR, – inter-bank loan…