Out Of 200m, Only 57.4m Nigerians Have BVN – CBN   The Central Bank of Nigeria (CBN) has said out of over 200 million Nigerians, only 57.4 million possess Bank Verification Number (BVN). The apex bank had partnered with the Nigerian Interbank...

NITDA Bill Not To Regulate Telecoms Business, Says NITDA   The National Information Technology Development Agency (NITDA) has disclosed that the agency does not seek to regulate telecoms business, but regulate Information Technology for development. This disclosure was made by the spokesperson,...

FG To Explore Alternative Funding Model For Oil, Gas Industry Development – NUPRC   The Nigerian Upstream Downstream Regulatory Commission (NUPRC) says the Federal Government has concluded plans to explore alternative funding models for development of the country’s oil and gas...

Nigeria’s Foreign Reserves Decline By $1.82bn In Four Months   The external reserve is expected to continue its downward trend in the coming weeks as major sources of forex inflows deteriorate. Nigeria’s foreign exchange reserves have dropped by $1.82 billion over the...

AMCON Heightens Moves To Recover Over N4trn Debt   The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Lawan Kuru, said the corporation is taking more steps to recover the over N4 trillion government debts from private individuals. Kuru stated...

IMF Says Nigeria, Others May Lose $10bn To Political Tensions   The International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus...