NNPC fails to remit N13.7tn into Federation account
The Nigerian National Petroleum Company Limited has failed to remit N13.763 trillion in revenue to the Federation account. This is according to a document obtained...
Naira appreciates to N1500/$
The Naira has continued to appreciate against the dollar at the parallel foreign exchange market. This comes as the Naira strengthened to N1,500 against the...
CBN probes 19.7 million dormant bank accounts
The number of dormant bank accounts in Nigeria is over 19.69 million, according to the industry customer account database released by the Nigeria Inter-Bank Settlement...
Naira continues to rise against dollar
The Nigerian currency, Naira, has continued its appreciation against the dollar at the parallel foreign exchange market. It appreciated to N1,505 per dollar on Wednesday...
National Assembly sends investments, securities bill to Tinubu for approval
The National Assembly has forwarded the Investments and Securities Bill 2024 to President Bola Tinubu for his approval. Chairman of the Senate Committee on Capital...
Publish list of dormant accounts – CBN to Banks
The Central Bank of Nigeria has directed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets...
NERC unveils new penalty for energy theft
Electricity consumers will pay a fine of up to N300,000 if they bypass their prepaid meters, the Nigerian Electricity Regulatory Commission has said. This was...
NNPCL has not imported petrol in 2025 — Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company, NNPC, has clarified that the company has not imported a single litre of Premium...
CBN instructs Banks to cut insider loans within six months
Nigeria’s banking regulator has issued a sweeping directive mandating commercial banks to comply with stricter insider lending limits or risk regulatory sanctions. Insider lending is...
Inflation rate drops to 24 per cent – NBS
Nigeria’s inflation rate dropped massively to 24.48 percent in January 2024 from 34.80 percent in December last year after the rebased Consumer Price Index. The...