*Removes limit on PAPSS for trade payment services The Central Bank of Nigeria has vowed to closely monitor the Nigerian banking sector’s recapitalization alongside law enforcement...
The Central Bank of Nigeria has raised the capital base for commercial banks with international authorization to N500bn and national banks to N200bn. The apex bank...
The Naira has continued to appreciate as the US dollar is currently selling at N1,280 in the parallel market. The development follows recent foreign exchange (FX)...
Management of Ibadan Electricity Distribution Company (IBEDC) PLC says it was compelled to disconnect power supply to University of Ibadan College Hospital (UCH) due to an...
University College Hospital, Ibadan, says it did not owe Ibadan Electricity Distribution Company) N495 million bill, as being insinuated. UCH’s Public Relations Officer, Funmilayo Adetuyibi, stated...
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, raised Monetary Policy Rate, MPR, – inter-bank loan interest rate – by 200 basis...
The Nigerian National Petroleum Company Limited (NNPC Ltd) has crashed the depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N640 per litre...
Following recent undersea cable cuts that challenged connectivities in many countries in the West African region, Nigeria has called for a coordinated and multilateral approach by...
The Debt Management Office (DMO) on Friday disclosed in Abuja that Nigeria’s public debt stock as at Dec. 31, 2023 stood at N97.341 trillion (108.229 billion...
The Nigeria Customs Service (NCS), has initiated a 90-day window, for the regularisation of import duties on specific categories of vehicles to ease economic hardship and...
