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Nigeria’s apex bank, the Central Bank of Nigeria (CBN), says it has disbursed N333.2bn for various projects in the South South geopolitical zone to provide funding for activities in different economic sectors. The Governor, Central Bank of Nigeria, Godwin Emefiele, disclosed this on Thursday in Port-Harcourt at the launch of the Rivers Cassava Processing Company […]

The Economic and Financial Crimes Commission says it is not compulsory for Nigerians to have bank accounts amid the rising spate of bank frauds and insider crimes in the banking sector. The EFCC also kicked against the idea of opening bank accounts with “mere phone numbers,” arguing that nearly 40 per cent of Americans do […]

The spokesman of the House of Representatives, Hon. Benjamin Kalu, has called for the legalisation of cannabis sativa also known as Indian hemp in Nigeria. The federal lawmaker pointed out that many countries of the world have legalised cannabis for industrial purpose, stressing the need for Nigeria to harness this revenue source Speaking yesterday in […]

The Nigeria Labour Congress, NLC, Kaduna State Council, has said it will commence a five-day warning strike from Sunday, May 16, 2021, by 12:00 am (midnight) following the sack of over four thousand workers It said the resolution to ground activities for five days would be enforced. The chairman, Kaduna branch of NLC, Comrade Ayuba […]

THE Nigerian National Petroleum Corporation, NNPC, Tuesday, increased the daily loading of Premium Motor Spirit, PMS across the country from 550 to 1,661 trucks in order to eliminate long queues in Abuja and other parts of Nigeria. A statement by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the Managing Director […]

The Nigerian government has moved to end the planned suspension of the Unstructured Supplementary Service Data (USSD) by the Mobile Network Operators (MNOs) over unpaid N42 billion debt by banks. In Abuja, the Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami, is currently presiding over a high-level meeting of stakeholders from the Central Bank of […]