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 to the Federal Government.The Central...

National Productivity Centre Advocates Kaizen for Improved Efficiency in Nigeria The Director-General of the National Productivity Centre (NPC), Dr. Baffa Babba Dan'Agundi, has called for the widespread adoption of the Kaizen philosophy in both Nigeria’s public and private sectors to enhance efficiency, effectiveness, and productivity. Speaking...

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 spoke on Wednesday during the...

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 foreign exchange and promote economic growth. This...

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 document published by the apex...

FG Orders State MDAs to Stop Accounts in Commercial Banks   As part of its efforts to enforce the Treasury Single Account (TSA) policy, the Federal Government has instructed state-based Ministries, Departments, and Agencies (MDAs) to immediately discontinue operating accounts with commercial banks. This was according to a...