CBN Seeks Power To Freeze Bank Accounts ‘Linked To Criminals’
The Central Bank of Nigeria is seeking sweeping powers to freeze bank accounts “linked to criminals in the country via…
Category: Local
CBN Seeks Exclusive Right To Bank Licensing, Revocation
The Central Bank of Nigeria (CBN) has said, in line with international best practices and to avoid duplication of functions,…
Nigerian Inflation Rises For 10 Months In A Row In June
Annual inflation in Nigeria rose for a 10th straight month in June, lifted by higher food and healthcare costs, the…
Local Airlines Risk Collapse As Load Factor Declines
Operators push for bailout, open flights • 14-day quarantine threatens Nigeria’s aviation, 35 others Exactly a week after commercial airlines…
UK’s New Migration Visa Lures Nigerian Doctors
More Nigerian medical practitioners may leave the country as the United Kingdom yesterday announced new ‘Health and Care Visa’ policy…
UK Frustrated Air Peace Attempt To Evacuate Nigerians
He said it was a demand for a Third Country Operator approval that forced the airline to engage the services…
Naira Plunges To Record Low Of N470 Against US Dollar On Black Market
The Nigerian Naira plunged further against the United States dollar on the black market on Tuesday as forex scarcity persists.…
Nigeria: COVID-19 Cut Off 40% Of Our Revenue
The Federal Government’s revenue fell by 40 per cent due to the impact of COVID-19 pandemic, the Vice President, Prof.…
Confirm Airports’ Approval Before Selling Tickets, NCAA Warns
Airline operators have been directed to contact the Federal Airports Authority of Nigeria and the Nigerian Civil Aviation Authority on…
Debt Servicing May Limit Nigeria’s Productivity– OPEC
The servicing of debts by Nigeria may limit the Federal Government’s ability to increase economic productivity, the Organisation of Petroleum…
OPEC Adjusts Oil Demand To 8.9 Million Bpd
As uncertainty cloud extension of production cuts The Organization of the Petroleum Exporting Countries (OPEC), yesterday, revised downward its world…
Nigeria: Enugu Airport Reopens August 30
The Federal Government on Tuesday announced that the runway of the Akanu Ibiam International Airport, Enugu would be ready for…
Osinbajo Seeks End To Secret Business Ownership
THERE is need for stakeholders to curb the adverse effect of secret and beneficial ownership of corporate businesses on economies…
UK To Resume Visa Processing In Nigeria On July 28
The High Commission in a tweet on Tuesday said Visa Application Centres will be open in Abuja, Ikeja and Victoria…
Nigerian Students On NDDC Scholarship ‘Stranded’ In Europe
Some students sponsored to Europe for post-graduate studies by the Niger Delta Development Commission (NDDC) are reportedly stranded abroad because…
COVID-19: Govt To Ban Some Countries From Nigeria
The Federal Government on Monday said it would ban citizens from some countries from gaining entry into Nigeria in order…
Inflation, Key Concerns of Nigerian Investors – Coronation Asset Management
Inflation and not losing money in investment schemes are two major concerns of Nigerian investors. Mr. Guy Czartoryski the Head…
Banks Now To Seize Defaulter’s Funds In Other Banks
The Central Bank of Nigeria, CBN, has issued guidelines on the Global Standing Instruction, GSI, which enables banks to seize…
Nigeria Cuts Oil Production To 1.4 Mbpd -OPEC
For the first time in many years, the Organisation of Petroleum Exporting Countries, OPEC, has confirmed Nigeria’s ability to cut…
Nigeria’s NNPC Fired 850 Workers, Many From Refineries, Oil Union Says
The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, an…
Banks To Place Chronic Loan Defaulters On Watch List
the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and…
South-East Traders Protest High Demurrages At Ports
Traders under the aegis of South-East Amalgamated Markets Traders Association have protested high demurrage at ports across the country. They…
Nigerians Believe Rising Inflation’ll Weaken Economy
Many Nigerians believe that rising inflation will lead to a weaker economy, according to a survey by the Central Bank…
Forbes Rates University Of Lagos, Nigeria High In Producing Entrepreneurs
The University of Lagos, UNILAG, has been acknowledged as the third most productive school in educating entrepreneurs on the African…
Nigerian President Buhari Approves New Boards For NLNG, BGT
President Muhammadu Buhari has approved the newly reconstituted board of Nigeria Liquified Natural Gas(NLNG) and Bonny Gas Transport Limited (…
Nigerian Banks To Debit Debtors’ Accounts Directly
The Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit…
Nigeria: ABCON Calls For Suspension Of Taxes, Tariff Hike
Association of Bureaux De Change Operators of Nigeria (ABCON), has called on the Federal Government to suspend all increases in…
Nigerians Fight For Economic Balance As Recession Beckons
The months ahead may be more daunting for the real sector as government’s debt-funding plans at higher costs threaten to…
Flight Operations Restart In Kano Airport Amid Low Passengers
Domestic flight operations has resumed at Mallam Aminu Kano International Airport (MAKIA), Kano amidst strict adherence to COVID-19 protocols. Although…
FG Threatens To Review Air Agreements With UK, Others Over ‘Unacceptable Treatment ‘Of Nigerian Carriers
The federal government Sunday said it would review its Air agreements with various countries as a result of the unacceptable…