CBN Bars Banks, Financial Institutions Seeking Upgrade From Expansion   The Central Bank of Nigeria (CBN) has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines. The CBN...

Fed Govt $22bn Loan Request Declined By Chinese Bank – Reps   The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject...

Domestic Airfares Increase By 66% In 2022 – NBS   The National Bureau of Statistics (NBS) has revealed that domestic air transport fares increased by 66.36 per cent in the last one year. In its latest report titled ‘Transport Fare Watch (February...

Senate Pushes 2022 Budget Implementation To June   The Senate yesterday extended the implementation of the capital component of the 2022 budget from 31st March, 2023 to 30th June, 2023 The extension followed a lead debate by the senate leader, Senator Ibrahim...

PENGASSAN To FG: Stop Fuel Subsidy, Revive Refineries   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday, called on the Federal Government to stop subsidising Premium Motor Spirit, popularly called petrol. It also called on the government...

AUN Appoints Dr. DeWayne Frazier as President/Vice Chancellor   The Governing Council of the American University of Nigeria (AUN) has announced the appointment of Dr. DeWayne Frazier as President/Vice-Chancellor. Currently serving as University Provost at Iowa Wesleyan University in the United States,...