Pantami Hails FUTO's Landmark ICT Conference The inaugural International ICT Conference, hosted by the Federal University of Technology, Owerri (FUTO), has been celebrated as a resounding success, receiving accolades from Professor Ali Isa Pantami, the former Minister of Communications and Digital Economy. Organized by the School...

CBN Facilitates N7.05bn, $714,569.03 Refund to Bank Customers in Eight Months The Central Bank of Nigeria (CBN) has made several money deposit banks in Nigeria refund N7.05 billion and $714,569.03 to bank customers within eight months, disputing the financial service providers. The eight-month recovery is part...

Banks’ Credits to Private Sector Rise to N76trn Credit to the Private Sector (CPS) surged by 27.3 per cent year-on-year to N75.96 trillion in November, Central Bank of Nigeria (CBN) economic report, has shown. The uptick in credit to key sectors of the economy has been...

NGX Launches Equity-based Commodity Index to Track Performance The Nigerian Exchange Limited (NGX) has introduced an Equity-Based Commodity Index designed to track the performance of companies in the energy, agriculture, mining, metals, and natural resources sectors. The index, which debuts with an initial value of 1,000,...

Telecoms Propose 100% Tariff Increase Nigerian telecommunications companies have proposed a 100 per cent increase in their tariffs, pending approval from the government. The proposal, which has been submitted to the Nigerian Communications Commission (NCC), aims to address rising operational costs, including inflation and increased service...

Naira Depreciates by 0.36% The Nigerian naira weakened to N1,541.36/$ on the first day of trading in the New Year. According to the NFEM rate data available on the website of the Central Bank of Nigeria, this is a 0.36 per cent depreciation compared to the...