NIBSS Cuts Electronic Transfer Fees - Report The Nigerian Inter-Bank Settlement System has slashed its transaction processing fee for NIBSS Instant Payment from N5 to N3.75k effective July 1, 2023. This was contained in a is letter, dated May 31, 2023, addressed to payment solution service...

Nigerians in Diaspora with NIN Rises to 25% in May The percentage of diasporan Nigerians with National Identification Numbers rose to 25.17 per cent in May 2023. The National Identity Management Commission has registered 427,962 diasporan Nigerians since it launched its diaspora enrolment exercise in 2019. There...

Commodities Export Will Grow Nigeria’s Economy – SEC   The Securities and Exchange Commission (SEC) has said that Nigeria has various commodities that could be exported in a bid to grow the country’s economy, provide jobs as well as provide the nation with foreign exchange earnings. The...

CBN Takes E-Naira To Kano Varsity For Payment Of Tuition, Others   In its bid to raise awareness and invite more subscribers to the E-Naira policy, the Central Bank of Nigeria (CBN) in Kano has taken its mobilization to the Aliko Dangote University of Science and...

Subsidy Removal Has Doubled Depot Petrol Price - Marketers Prices of petrol at depots have increased more than 100 per cent following the official removal of subsidies since May 29. National Controller Operations, Mike Osatuyi, on Tuesday, told our correspondent that many downstream businesses were currently...

Reps Question Nigeria Air Launch, Declare it a Fraud The House of Representatives has questioned the purported launch of Nigeria Air at the twilight of the administration of former President, Muhammadu Buhari, declaring it a fraud. Economic Confidential earlier reported that the House of Representatives Committee...