CBN, fintechs

CBN Cashless policy will not apply to our Digital Channels – UBA 

The United Bank for Africa has reacted to the new cashless policy of the CBN which allows bank customers to be charged for cash deposits.
CBN Monetary Committee, PMI

Diary Production: Herdsmen to leverage on CBN’s Anchor Borrowers Programme 

Livestock production in the country is expected to gain growth as the Central Bank of Nigeria (CBN), has disclosed plans to support nomadic herdsmen in the country
EFCC P&ID

EFCC arraigns ex-petroleum director involved in P&ID’s court case

The EFCC has arraigned former Director, Legal Services of the Ministry of Petroleum Resources, Grace Taiga for allegedly being involved in controversial Gas Supply Project Agreement (GSPA).
Cashless Policy

Why lawmakers moved against CBN’s newly introduced charges on deposits 

The House of Representatives has directed the CBN to suspend its policy which allows bank customers to charge for cash deposits.
CBN, Key lending rate

New CBN circular targets Payment channels, FinTechs.

The new circular is basically a tax on the volume of transactions and could rake in billions in stamp duty charge for the government. 
FG foreign reserves Nigeria Yemi-Osinbajo, FG negotiates with Governors on bail-out fund, as NEC approves 100 billion for NLTP, bail-out fund States Governors

Bail-out Fund: FG negotiates with States Governors as NEC approves 100 billion for NLTP 

The Federal Government has negotiated with States Governors on the initially planned bulk deductions of bail-out funds.
Aliko Dangote, Alhaji Aliko Dangote has lauded President Muhammadu Buhari over the formation of the Economic Advisory Council

Dangote lauds Buhari over Economic Advisory Council 

Alhaji Aliko Dangote has lauded President Muhammadu Buhari over the formation of the Economic Advisory Council
$9 billion UK judgement: Malami, Sylvia to face 17-man panel 

$9 billion UK judgement: Malami, Sylvia to face 17-man panel 

Abubakar Malami and Timipre Sylvia will face a 17-man Adhoc panel to answer questions concerning the P&ID contract.
Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations 

Three PSBs get Apex Bank’s provisional approval to commence operations 

Three Payment Service Banks (PSBs) have got the Approval-in-Principle (AIP) of Central Bank to commence banking operations in Nigeria
Cashless Policy

Outrage as Nigerians react to new CBN deposit and withdrawal charges

More reactions have continued to trail the Central Bank of Nigeria’s partial implementation of deposit and withdrawal charges for individuals and companies in Nigeria. #CashlessPolicy
$9bn, P&ID

UPDATED: P&ID representatives plead guilty to fraud and tax evasion charges

The EFCC has arraigned two representatives of Process and Industrial Developments Ltd (P&ID) on 11 counts of fraud and tax evasion.
LCCI, CBN, Cashless policy

LCCI reacts to CBN’s new cashless policy, says time frame is disruptive

The Lagos Chamber of Commerce and Industry (LCCI) has reacted to the CBN's cashless policy saying time frame is disruptive.
Cashless Policy

PwC’s Taiwo Oyedele critiques CBN’s newly-implemented cashless policy

See what PwC Nigeria's (@PwC_Nigeria) Tax Lead, @taiwoyedele, said about Central Bank of Nigeria's (@cenbank) newly-implemented cashless policy.
Remittances

This report explains why Nigerians are bent on leaving the country

Remittances by Nigerians abroad are making far-reaching economic impacts back home, according to a report by @PwC_Nigeria.
China to partner Lagos on trade 

China will invest more in Lagos – Envoy

Mr Chu Maoming has disclosed the plan of the Chinese Government to partner with the Lagos State Government to increase trade in Lagos. 
Nigeria's Inflation

Nigeria’s inflation tapers to 11.02% y/y in August

Data from National Bureau of Statistics (NBS) revealed that Nigeria’s consumer inflation moderated to a 43-month low in August
Kogi launches N4 billion rice factory, eyes 5000 new jobs 

Kogi launches N4 billion rice factory, eyes 5000 new jobs 

Kogi State Government has completed plans to launch a rice mill factory worth N4 billion. The factory is expected to produce 50 tonnes of rice per day.   This was made public by the Governor of the...
FG moves to curb leasing challenge faced by airlines 

FG moves to curb leasing challenge faced by airlines 

Nigerian airlines usually encounter difficulty in leasing aircraft from airlines across the world due to some challenges apparent in the industry.
₦5trn AMCON Debt: FG plans to go after debtors, ₦5trn AMCON Debt: FG sets up committee to recover debt 

₦5trn AMCON Debt: FG sets up committee to recover debt 

The Federal Government has set up an inter-agency committee for the purpose of recovering the N5 trillion debt owed AMCON.
Zainab Ahmed, N24.9 trillion debt, FG to borrow N1.7 trillion to finance 2020 budget – Finance Minister , VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue , Nigeria’s VAT Increase: Penny-Wise, Pound Foolish, Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria spends N1.11 trillion to service debt in half year 2019 

Nigeria spent a whooping N1.11 trillion to cover debt service obligations in the first six months of the year 2019.
MAN reacts to Buhari’s new Economic Advisory Council 

Manufacturers react to Buhari’s new Economic Advisory Council 

Manufacturers Association of Nigeria (MAN) has reacted to President Muhammadu Buhari’s list of Economic Advisory Council. 
Bill Gates, GDP

Bill Gates identifies one major challenge facing Nigerian economy

Bill Gates has advised the Federal Government of Nigeria to up the value of its domestic debt to about 15% of the Gross Domestic Product.
Donald Trump. Oil price

Oil Price falls as fresh concerns rise over Saudi’s drone attacks

Oil price has dropped as fresh concerns over the threat of a military response to attacks on Saudi Arabian crude oil facilities.
FG sets deadline to clampdown on unregistered sim cards

FG sets deadline to clampdown on unregistered sim cards

Nigeria's Communication Minister, Dr Isa Ali Ibrahim Pantami has set September 25th as the deadline for registration of all sim cards in the country.
Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy

NNPC moves to secure $2.5 billion Pipe-line financing  

The Nigerian National Petroleum Corporation (NNPC) is about to secure a $2.5 billion Pipe-line Financing agreement from China in the next six months.  
Nigeria's crude oil

U.S returns to Nigerian Oil, imports N349 billion crude oil in three months

U.S returns to Nigerian Oil, imports N349 billion crude oil in three months
P&ID, FG, malami, $9bn fine is a scam - Federal Government , UPDATED: P&ID operations shut down, assets forfeited by court order

$9bn fine is a scam – Federal Government 

The Federal Government has described the P&ID contract as a scam designed to inflict economic and financial loss on Nigeria.
Oluwaseun Onigbinde

BudgIT’s Onigbinde has resigned as Technical Adviser to Ministry of Budget

Seun Onigbinde's (@seunonigbinde) resignation is coming barely weeks after his appointment as Technical Adviser to the Budget Minsitry was made public.
Manufacturing MAN Association of Nigeria

MAN highlights advantages of consuming locally produced goods 

The Manufacturing Association of Nigeria (MAN) has highlighted the advantages and reasons why Nigerians need to consume goods produced locally.  
$9bn, P&ID

$9bn Fine: FG has commenced extensive investigations locally and internationally

The Federal Government has vowed to persecute all the parties involved in the controversial P&ID contract, which made the country to be fined $9.6 billion by a British court.

Popular

FGN Bonds, FG lists N296 billion savings bonds on NSE 

FG lists N296 billion savings bond on NSE 

The Federal Government has listed savings bonds valued at N296 billion on the Nigerian Stock Exchange (NSE)
Ecobank Nigeria appoints new officers 

Ecobank Nigeria makes senior management appointments 

Ecobank Nigeria has announced the appointment of 5 new management officers across various levels in the bank. 
World Bank, Focus on lifting people out of poverty - World Bank tells FG 

Focus on lifting people out of poverty – World Bank tells FG 

Focus on lifting people out of poverty - World Bank tells FG