Minimum Wage: FG will retrench workers to meet N580 bn wage bill – Ngige
The Minister of Labour and Employment, Chris Ngige, announced on Thursday that the federal government would have to lay off workers to be able...
FG moves against banks, vows to recover $7bn
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The Special Presidential Panel for the Recovery of Public Property has vowed to recover the seven billion dollars bailout fund granted commercial banks between...
CBN bans Nigerians from buying, selling Bitcoin, Crypto
The Central Bank of Nigeria, CBN, on Friday, instructed Deposit Money Banks (DMBs), other Financial Institutions (OFIs), Non-Bank Financial Institutions (NBFIs) and local financial...
Every Nigerian Will be Owing N200,556 to Foreign & Local debtors, As Nigeria’s Debt...
....Nigeria’s Debt to Hit N36.1Trillion ($118b) in 2022.
1) N1.7Trillion will be borrowed to fund 2019 budget.
2) N1.605 trillion for 2019,
3) N1.7 trillion for 2020,
4)...
From March 31, Nigerian banks will charge you 2% for every deposit above N500,000
The new charges include a 2% processing fee for cash deposit and 3% processing fees for a withdrawal above N500,000. For corporate accounts, it...
CBN confirms licensing TAJ Bank, Globus Bank, Titan Trust
The Central Bank of Nigeria (CBN) has confirmed the licensing of three new banks by adding them under different lists published on its website....
Again, FAAC Meeting Ends in Controversy over NNPC Finances
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The Federation Accounts Allocation Committee (FAAC) meeting ended in Abuja on Wednesday night without sharing allocations for the month.
No member of the committee agreed...
Ambode to Kachikwu: Lagos doesn’t need more tank farms
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Lagos State Governor Mr Akinwunmi Ambode has told the Minister of State for Petroleum, Ibe Ikachukwu, that the development of fuel tank farm is...
China-Africa ties, world’s most meaningful partnership – Ramaphosa
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South African President Cyril Ramaphosa has hailed China-Africa cooperation as the most meaningful partnership in the world.
He said the ties between China and Africa...
CBN finally devalues the Naira to N380/$1 over coronavirus
As the Coronavirus, COVID-19, pandemic continues to take a toll on the Nigerian economy, the Central Bank of Nigeria, CBN, has technically devalued the...