Senate Queries Ajaokuta Steel Company on N4.2bn Personnel Cost
The Senate on Tuesday raised concerns about the N4.2 billion allocated in the 2024 budget as personnel costs for an unverifiable number of workers at the Ajaokuta Steel Company Limited.…
People in NNPC Don’t Want Subsidy Scam to End – Emir Sanusi
The 16th Emir of Kano, Muhammadu Sanusi II, has stated that Alhaji Aliko Dangote should not be blamed for buying dollars at lower rates when he was building his refinery,…
Transfer Funds in Dormant Account to Us, CBN Directs Banks
The Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to transfer funds from dormant accounts to the apex bank. This directive, outlined in a circular by…
CBN’s 30% Interest Rate Stifling Growth, Job Creation – Dangote
Alhaji Aliko Dangote, President of Dangote Industries Ltd, has criticized the Central Bank of Nigeria’s (CBN) 30% interest rate policy, warning that it hampers business growth and job creation in…
Court Orders Permanent Forfeiture of Emefiele’s N12bn Abuja Properties
The Federal High Court in Lagos has ordered the permanent forfeiture of properties valued at over N11.14 billion and N1.04 billion belonging to former Central Bank of Nigeria (CBN) Governor,…
Minimum Wage Talks: Labour Eyes N100,000 as Tinubu Sets Deadline
…President Directs Minister to Calculate Costs, Labour Issues One-Week Ultimatum Organised Labour is considering a revised minimum wage demand of N100,000 as the Tripartite Committee on National Minimum Wage begins…
“Central Bank of Nigeria Revokes Heritage Bank’s Operating License”
The Central Bank of Nigeria (CBN) has taken the decisive step of revoking the banking license of Heritage Bank Plc with immediate effect due to its persistent financial underperformance. This…
Court Order Interim Forfeiture of $4.7m, N830m, Asset Linked to Emefiele
The Federal High Court in Lagos has issued an interim forfeiture order for substantial sums of money and multiple properties associated with Mr. Godwin Emefiele, the former governor of the…
Mobile Money Operators to Resume New Customer Enrollments Soon, CBN
…as MPC raised the interest rate from 24.75% to 26.25%. The Central Bank of Nigeria (CBN) has announced that mobile money operators, including popular fintech firms like OPay, Palmpay, Kuda…
CBN Withdraws Cybersecurity Levy Circular After FG’s Suspension
The Central Bank of Nigeria (CBN) has officially withdrawn its recent circular mandating a cybersecurity levy, following a suspension directive from the Federal Government (FG). This move comes amid heightened…