World Bank Board Elects Ajay Banga As President   The World Bank’s board of governors yesterday elected former Mastercard CEO, Ajay Banga, to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the lender to tackle climate change and other...

Food Prices Still On The Rise In Nigerian Markets — NBS   The National Bureau of Statistics (NBS)said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released...

CBN To Audit e-Payment System, Watchlists 572 Bank Customers   The Central Bank of Nigeria (CBN) yesterday, said it will soon audit the nation’s payment system in order to cope with future growth in electronic banking transactions. The audit follows the challenges and widespread transaction failure experienced...

FG Says Livestock Accounts For Over 40 % Of Global Agric GDP   The Livestock sub-sector accounts for more than 40 per cent of the global agricultural Gross Domestic Product, Dr Ernest Umakhihe, Permanent Secretary, Ministry of Agriculture and Rural Development, has said. Umakhihe said the sub-sector...

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 Settlement System (NIBSS), bankers committee...

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, NITDA, Mrs Hadiza Umar, who...