FG Spends N13tn on Fuel Subsidy, Sets Guidelines for New Administration  The Federal Government says it was developing a comprehensive guide for the incoming administration of Bola Tinubu, on how to manage the removal of subsidy on Premium Motor Spirit, popularly called petrol. It also insisted...

Don't Let Emefiele Leave Country Before Tinubu's Inauguration - Gov Matawalle Begs Buhari  Governor Bello Matawalle of Zamfara state has called on President Muhammadu Buhari not to allow Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to leave the country before the May 29 inauguration...

JUST IN: Again, Nigeria's Inflation Rate Rises to 22.22 Percent Nigeria’s inflation rate has increased for the fourth consecutive month to 22.22 percent in April. This is higher than the 22.04 per cent recorded in March. This is according to the Commodity Price Index report published on...

USSD Debt: CBN Moves To Resolve Issues With Banks, Telcos   Following moves by telecommunication companies in Nigeria to disconnect bank customers from accessing online banking transactions that depend on the Unstructured Supplementary Service Data, USSD platform to function, The Central Bank governor has intervened to...

Stocks Investors Record N136bn Loss In a Week   Stocks investors lost N136bn at the end of trading last week on the Nigerian Exchange Limited (NGX). Suffering a dip which saw mixed sentiments was the All-Share Index, which depreciated by 0.48 per cent or 250.69 base points...

CBN Gives Banks 30-day Deadline To Close Accounts Without BVN   The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). Data from the Nigeria Inter-Bank Settlement System (NIBSS) showed that 57.39 million customers’...