Economy
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CBN secures order freezing Risevest, Bamboo accounts over ‘illegal FX transactions’
A federal high court in Abuja has granted the request of the Central Bank of Nigeria (CBN) to freeze accounts…
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Unity Bank Corpreneurship Challenge Produces 30 More Winners in 6th Edition
A total of thirty members of the National Youth Service Corps, NYSC, have won cash prizes and business grants totalling…
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Shell agrees to pay Ogoni people N45bn compensation — 11 years after judgment
The Shell Petroleum Development Company (SPDC) has agreed to pay the N45.9 billion awarded to the Ogoni people of Rivers…
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CBN recovers N89bn excess bank charges, others
*Says Nigeria’s financial system, sound, stable, resilient The Central Bank of Nigeria, CBN, has disclosed that it has so far…
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FEC approves $11bn for Lagos-Calabar coastal rail project
The federal executive council (FEC) has approved the sum of $11.17 billion for the Lagos-Calabar coastal rail project to link…
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FG approves $1.48bn for rehabilitation of Kaduna, Warri refineries
The federal executive council (FEC) has approved the sum of $1.48 billion for the rehabilitation of both Warri and Kaduna…
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Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August
The Nigerian National Petroleum Corporation (NNPC) says it will deduct N170.4 billion from July remittance to the federation account and…
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We won’t tamper with foreign currency in your dom accounts, CBN assures customers
The Central Bank of Nigeria (CBN) says speculations that the apex bank is considering converting foreign exchange (FX) in the…
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CBN shuts door against new BDC licenses, OPS kicks
*Asks banks to stop accepting BDC applications *BDC Forex ban, bad news for private sector — Operators Against the backdrop…
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CBN STOPS SALES OF FX TO BDO’s
The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs)…
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