CBN’s new bank charges takes off today

Nigerian banks raked in N96.483 billion from electronic business in Q1 2023

The new CBN regime of banking charges against customers for services rendered is expected to start today, January 1st, 2020.

FG battles 6 oil firms for failure to remit N20 trillion , ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investment in Nigeria, Crude Oil: Nigeria’s oil production slips for the third consecutive month , Tax reform, policy uncertainty to cause oil drop as foreign firms look outside Nigeria, Nigeria plans to support oil price with lower production cost per barrel, Oil price slumps further to $30 pb, as Nigeria grapples with high production cost, Reduction in PMS: A nod to the deregulation of the downstream sector?

ExxonMobil, Shell, Chevron delay $58.4 billion oil and gas investments in Nigeria

by Fakoyejo Olalekan

December 31, 2019

ExxonMobil, Shell, Chevron and other IOCs are delaying investment in oil and gas projects worth $58.4 billion in Nigeria.

The NSE’s best performing stock in 2019 was just struggling last year; what changed?, C&I Leasing assures investors of brighter 2020 , SEC extends C&I Leasing N3.2 billion rights issue to Jan. 13

SEC extends C&I Leasing’s N3.2 billion rights issue to Jan. 13

by Titobioluwa Okunade

December 31, 2019

The Securities and Exchange Commission (SEC) has granted C&I Leasing Plc a 10-day extension for the closure of its N3.2 ...

NAFDAC destroys fake products worth N1.32 billion

by Chidinma Nwagbara

December 31, 2019

No less than N1.32 billion worth of unwholesome goods have been destroyed by the National Agency for Food and Drugs ...

Fuel prices: Information Minister defends President Buhari's comparison of Saudi with Nigeria, FG reiterates commitment to implement reform of broadcasting code, Border to remain closed till Benin, Niger meet Nigeria's conditions, FG vows , Lai Mohammed: Nigeria’s non-oil exports increased to N2 trillion, COVID-19: FG to deploy police, army for enforcement

Nigeria’s non-oil exports increase by 100%

by Titobioluwa Okunade

December 31, 2019

The Federal Government of Nigeria has disclosed that the country’s non-oil exports increased from N1 trillion to N2 trillion in ...

Dangote discloses N25 billion loss due to Lagos poor road network

Dangote discloses N25 billion loss to Apapa road network

by Chidinma Nwagbara

December 30, 2019

Aliko Dangote has lamented the loss his company recorded as a result of the bad state of the Oshodi-Apapa Expressway.

OPPO discloses plans to invest $7 billion in technology

by Chidinma Nwagbara

December 30, 2019

OPPO has disclosed that it would be investing over $7 billion in research and development, for the production of new smartphones and ...

Nigerian Treasury Bills falls to 3.05% per annum, Nigerian money markets

Further rate decline expected as N405 billion worth of treasury bills mature

by Titobioluwa Okunade

December 30, 2019

A further decline in the interbank lending rates is expected as N405 billion treasury bills matured to boost liquidity.

Bank CEOs, NCC, CBN to meet over USSD charges

by Fakoyejo Olalekan

December 30, 2019

Body of Bank CEOs, the CBN and the NCC will meet on the dispute surrounding the charges for use of ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

CBN says Nigerian banks’ assets and liabilities are now at N41.42 trillion

by Emmanuel Abara Benson

December 27, 2019

CBN has disclosed that the total assets and liabilities of commercial banks in the country amounted to N41.42 trillion as ...

Tag: On the Money