FAAC shares N903.480bn revenue
The Federation Account Allocation Committee (FAAC) says it has shared N903.48 billion distributable revenue in September to the Federal Government, states and local government councils. A communique issued by the…
TAJBank records highest Tier-1 capital, PBT
TAJBank’s Chief Executive Officer (CEO), Mr Ahmed Joda TAJBank Limited, a Nigeria’s non-interest bank has recorded the highest Tier-1 capital in the non-interest banking sub-sector in the first half of…
Why Tinubu appointed new management team for CBN- Aide
Sen. Abdullahi Gumel, the Senior Special Assistant to the President on National Assembly Matters (Senate), says the appointment of a new management team for the Central Bank of Nigeria (CBN)…
BPP, AfDB parner to strengthen energy sector reforms
The Breau of Public Procurement (BPP) and African Development Bank (AfDB) are partnering to strengthen on-going reform in the energy sector to improve productivity and add value to the economy.…
World Bank grants additional $700m loan to Nigeria
The World Bank has granted additional $700m loan to Nigeria to enhance adolescent girl’s education, the bank announced on Friday. This is the third loan granted by the global lender…
CBN unveils portal for submission of microfinance bank applications
The Central Bank of Nigeria (CBN) has unveiled a new online platform for submission of microfinance bank (MFB) licence applications. The platform is known as the CBN Licensing, Approval and…
TAJBank wins global Islamic banking
Photo Caption L-R: Mr. Humayon Dar, Director-General Cambridge Institute of Islamic Finance; Mr. Sherif Idi, Executive Director, TAJBank; His Excellency, Mr. Macky Sall, President of the Republic of Senegal; Mr.…
President Tinubu nominates Cardoso new CBN governor
President Bola Tinubu has approved the nomination of Dr Olayemi Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five years…
DSS arrests CBN Deputy Governor – Report
The Department of State Service (DSS) has arrested the Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Financial System Stability, Aisha Ahmad, Nigeria’s state television, NTA,…
Comrade Austin urges FG,CBN to address BVN/NIN challenges
By Gami Tadanyigbe The CEO Emovworho logistics limited, Comrade Austin Obule Emovworho, has called on the Federal Government and the Central Bank of Nigeria (CBN) to adequately address the Bank…
CBN reduces number of Bureau de Change to 2,991
The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change dealers in the country to 2,991. The apex bank on Monday published a list of approved…
TAJBank pays dividends in 3 years, as PBT increases by 300%
TAJBank Limited, Nigeria’s fast-growing non-interest bank, has set a new record in the Nigerian banking system with the payment of dividends to its shareholders within three years of its operations.…
Abia: AfDB approves $115m loan for road rehabilitation, erosion
The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained…
CBN limits daily contactless payment to N50,000
The Central Bank of Nigeria (CBN) has limited the daily cumulative and single contactless payments, made through bank accounts or digital wallets to ₦50,000 and ₦15,000, respectively. The higher-value contactless…
Financial system rotten under Emefiele – President Tinubu
President Bola Ahmed Tinubu has broken his silence on the suspended Governor of the Central Bank of Nigeria (CBN). He spoke on Friday, June 23, during an interactive session with…