After Court Order, CBN Assures Keystone Bank’s Customers of Stability
The Central Bank of Nigeria (CBN) has reassure customers of Keystone Bank Limited that the bank remains safe and fully operational, despite a recent court order forfeiting the bank's shares...
N54.99trn Budget Faces Funding Challenges as Debt Servicing Hits N14trn
On Thursday, the National Assembly passed the 2025 budget, totaling N54.99 trillion. The allocation includes N14.32 trillion for debt repayment and N13.64 trillion for recurrent expenses, such as salaries, overhead...
Airline Operators Bemoan Excessive Taxes in Nigeria's Aviation Industry
Prof Obiora Okonkwo, Founder of United Nigeria Airlines and spokesperson for the Airline Operators of Nigeria, has expressed dismay over the numerous charges imposed by government agencies on the aviation sector,...
Dangote Invests $700m in Nigeria's Sugar Industry
Aliko Dangote, President of Dangote Group, has reiterated the company's pledge to halt raw sugar imports in Nigeria, backing this commitment with a massive investment of over $700 million in the country's sugar production sector.
Dangote, who...
CBN Urges Telcos to Manufacture SIM Cards Locally to Conserve Forex
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has urged telecommunications companies to manufacture essential components locally, in a bid to reduce the industry's reliance on...
N100 ATM Withdrawal Fee Stays for Transactions Below N20,000 - CBN
The Central Bank of Nigeria (CBN) has confirmed that the N100 fee for ATM withdrawals from other banks will remain in place for transactions below N20,000.
This is according to a FAQ...
