The Central Bank of Nigeria (CBN) Wednesday demanded statutory powers from the Nigerian Senate to enable freeze bank accounts that are linked to criminal suspects.
This demand was made on behalf of CBN by the Director, Legal Services, Mr Kofo Salam-Alade, who appeared before a Senate Committee Hearing for a...
The Ogun State Governor, Prince Dapo Abiodun on Wednesday signed Today into law the Revised 2020 Appropriation Bill, which reduced the state's budget from 449.97 billion Naira to 280 billion Naira.
In a statement by the Governor, the revision of the Budget which was presented to Abiodun by the Speaker...
The Senate on Monday passed the 2021 Appropriation Bill of N13.5 trillion.
This followed the adoption of the report of Senate Committee on Appropriations at plenary.
The News Agency of Nigeria (NAN), reports that President Muhammadu Buhari had on Oct. 8, presented the 2021 budget of N13.08 trillion to the joint...
Local investors have expressed fear that economic challenge in Nigeria, said to have continued to dampen investment drive and trigger apathy in the Nigerian capital market since the 2016 recession and now fueled by the effect of COVID-19 lockdown may lead to a forceful takeover of investments by foreigners.
The...
Planned withdrawal of Unstructured Supplementary Service Data (USSD) short code service that enables bank transfer from mobile device, has been suspended by telecommunications operators in the country.
The withdrawal of the said suspension of service, which was to take effect from Monday, March 15, came as the Central Bank of...
The investment market in the country is feeling the effects of aggressive global monetary tightening and rising political and business risks, with capital importation dropping by 20% last year according to data released by the National Bureau of Statistics (NBS). This is according to a report by The Guardian,...
