Wednesday, April 8, 2020
FG reduces price of petrol to N125 per litre

FG reduces price of petrol to N125 per litre

The Federal Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125. This, the government said,...
Nigeria records first negative trade balance since June 2016

Nigeria records first negative trade balance since June 2016

Nigeria has recorded its first quarterly trade deficit since July 2016 as the value of its export fell by 9.79 per cent in the...
Beware of COVID-19 Cyber-attacks, Fraud - CBN warns Nigerians

CBN Returns over N60bn Excess Bank Charges to Customers

The Central Bank of Nigeria (CBN) Thursday said it had so far recovered over N60 billion from erring banks as excessive charges imposed on...
FIRS workers threaten strike over Fowler’s handover to Aina

FIRS workers threaten strike over Fowler’s handover to Aina

Workers of the Federal Inland Revenue Service on Tuesday faulted the decision of the immediate past Chairman of the FIRS, Mr Babatunde Fowler, to...
W’Bank to FG: Reform now to stop further slide into extreme poverty

W’Bank to FG: Reform now to stop further slide into extreme poverty

The World Bank has said the number of Nigerians living in extreme poverty may increase by more than 30 million by 2030 and the...
IMF backs Buhari on VAT increase

IMF backs Buhari on VAT increase

The International Monetary Fund (IMF) on Wednesday said the recent decision by the Nigerian government to raise the Value Added Tax by 50 per...
CBN sanctions four banks for money laundering, others

CBN sanctions four banks for money laundering, others

The Central Bank of Nigeria and Financial Reporting Council of Nigeria sanctioned four commercial banks between January and June for various infractions, The Punch...
CBN sanctions four banks for money laundering, others

No going back on cashless policy, says CBN

The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an...
UBA exempts debit card, digital transactions from CBN’s cashless policy charges

UBA exempts debit card, digital transactions from CBN’s cashless policy charges

United Bank for Africa has said that transactions done through any of its digital channels will not be subject to the Central Bank of Nigeria’s...
Four banks generate N24.3bn from account maintenance charges

Four banks generate N24.3bn from account maintenance charges

Between January and June 2019, four leading banks generated N24.3bn from account maintenance charged on their customers’ accounts, investigation has shown. This is an increase...

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