FG Promises to Penalize Online Banks for Privacy Violations.
Customers of digital lenders have been promised by the federal government through the Federal Competition and Consumer Protection Commission that…
Category: Local
CBN Redesign should Permit Low Interest Rates – Economist.
Basil Odilim, a development economist, has urged the Central Bank of Nigeria to be redesigned to make way for a…
Accountant General Under Investigation by the Senate for N74 billion.
The Accountant of the Federation is being investigated by the Senate for handing out N74 billion in social benefits without…
Nigeria to Pay back $800million World Bank Loan for 25 Years.
The World Bank granted a loan of $800 million as a subsidy palliative, and the next administration, led by Major…
FG Approves N23 billion for Roads and Third Mainland Bridge Repairs.
The Third Mainland Bridge in Lagos State will get a total of N23.33 billion in funding for surface maintenance. The…
IMF Calls on Nigeria to Increase Tax, Decrease Borrowing.
The International Monetary Fund (IMF) has once again advised Nigeria to intensify efforts to expand the tax base, raise taxes,…
Nigeria Signs an MoU to Upgrade the Aviation College.
The Nigerian College of Aviation Technology, Zaria’s profile as a top-tier training facility will be enhanced thanks to a Memorandum…
N’Assembly Demands Jail Time for Those Who Advocate Ponzi Schemes.
The Investment and Securities Bill, which might result in jail time for people in Nigeria who advocate Ponzi schemes, was…
FG Fines Oil Companies N22 billion for Gas Flaring.
The Federal Government will punish oil and gas companies operating onshore for flaring 24 billion SCF of gas between January…
FG Seeks to Eliminate Multiple Road Taxes and Promote Road Safety.
According to the Federal Government, it is attempting to do away with different road taxes in order to encourage the…
Despite Receiving N6tn in Subsidies, Fuel Prices have Increased by 81%.
According to National Bureau of Statistics figures analyzed by our correspondent, the cost of Premium Motor Spirit, also known as…
Railroad Employees are Enthusiastic about a 95% Pay Raise.
Com Segun Esan, the Secretary-General of the Nigerian Union of Railway Workers, highlighted the optimism of railroad workers regarding the…
IMF Advises CBN to Maintain a Strict Monetary Policy to Control Inflation.
The Central Bank of Nigeria (CBN) was given a recommendation by the International Monetary Fund (IMF) to continue tightening monetary…
Public Debt Stock Increased 4.96% to N46.25 trillion in Q4.
In the fourth quarter of last year (Q4 2022), the overall public debt stock of the nation climbed by 4.96…
22 Nigerian Universities Receive a N5 billion Grant from AbdulSamad Rabiu.
The Abdul Samad Rabiu Africa initiative has disbursed a grant of N5.5 billion to 22 academic institutions in Nigeria. Each…
President Buhari Grants Ekiti Free Trade Zone Designation.
The Ekiti Knowledge Zone project of the Ekiti State Government has received approval from the President, Major General Muhammadu Buhari…
NPC will Spend Roughly N3 billion on Transmitting Census Data.
The NPC said in January that 786,741 functionaries would be educated for the census of 2023. However, the NPC recently…
NCAA Increases Airlines Penalty to N10 Million.
The maximum penalty for airlines is N10 million, while the minimum is N1 million, according to the Nigerian Civil Aviation…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master plan of…
Experts Stomp as 40 Presidential Panels Gulp N20bn
Between 2015 and April 2023, research revealed that over N20 billion was set aside for presidential committees under the Office…
PFAs Lower Pension Funds’ Bank Investments to N1.6 trillion.
The Contributory Pension Scheme’s funds invested in fixed deposits and bank acceptance were lowered by the Pension Funds Administrators to…
NBS: 5G Increased Foreign Investment in Telecoms by 325%.
Foreign investments in the telecom sector increased by 325.12% in 2022 as a result of increased 4G and 5G rollout.…
Nigerian Unemployment to Reach 41% in 2023, According to KPMG.
According to KPMG, the continued influx of job seekers into the labor market will cause Nigeria’s unemployment rate to soar…
The Petroleum Ministry Seeks Closer Cooperation with NIPSS for Knowledge Sharing.
The National Institute of Policy and Strategic Studies (NIPSS) and the Ministry of Petroleum Resources have committed to working together…
Nigerians are to Grow Interest in Digital Payment Methods.
The implementation of the cashless policy may have had its problems, but the rising use of digital and electronic payment…
PenCom Disowns ASSOPEP, Warns that the Group is not Authorized to Process or Pay Retirement Benefits.
The Association of Pension Desk Practitioners of Nigeria (ASSOPEP) is not associated with the pension business and does not have…
FG Prohibits Internet Banks From Accessing the Contacts and Images of their Customers.
On May 31, 2023, loan apps on the Play Store won’t be able to access the contacts or photographs of…
Operator: CBN’s Strict Monetary Policy is Limiting Bank Profitability.
According to Johnson Chukwu, CEO of Cowry Asset Management, more local lenders would pursue cross-border expansion in response to the…
Worldwide Food Costs Decreased by 2.1% in March.
The UN Food and Agricultural Organization stated that in March, global food prices fell for the 12th month in a…
In 2022, Debt Servicing Increased by 14.68%-DMO
According to DMO, N2.93 trillion was spent in 2021 on payments for servicing both domestic and foreign debt. Remember that…