Stop paying N50 charges On POS transactions, CBN Says The Central Bank of Nigeria (CBN) has clarified the issue of payments of N50 charges by merchants who use Point of Sale (POS) machines for cashless transactions, insisting that nobody should...

N20bn to Renovate National Theatre outrageous – Housing expert The Housing Development Advocacy Network (HDAN) has described the N20 billion approved by President Muhammadu Buhari through the Central Bank of Nigeria (CBN) for the renovation of National Art Theatre, Lagos,...

Of Rising Wonder Banks & Ponzi Schemes, and the Need For Financial Literacy In 2008, the world’s largest fraudulent investment Ponzi scheme owned by a renowned fraud-star, Bernard Madoff collapsed with huge investments belonging to several Hedge funds, International banks...

A Senate that Works for Nigeria By Ola Awoniyi The ninth Nigerian Senate was inaugurated on June 11, 2019. Six months after, the Senate President, Ahmad Lawan, and his colleagues have a lot to celebrate even if also some things to...

CBN Slashes electronic transfer, ATM withdrawal charges The Central Bank of Nigeria (CBN) has cut down electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks...

Releases for capital projects hit N1.2trn in 2019 The sum of N1.2 trillion for capital expenditure has so far been released in the 2019 budget, representing 50 per cent of the projects provision. Minister of Finance, Budget and National Planning, Mrs...