10 Banks Get N7.02trn Fine Over CRR Violation   The Central Bank of Nigeria (CBN) in 2021 debited 10 banks a whooping N7.02 trillion over failure to meet the 27.5 per cent Cash Reserve Requirement (CRR) threshold. According to audited financial statements of these banks, the apex...

World Bank Raises Nigeria’s 2022 growth From 2.5% to 3.8% The World Bank has released a forcast on Nigeria’s economy for 2022, raising its growth to 3.8%, up from 2.5% projected earlier in the year. In its January 2022 Global Economic Prospects report, the Bretton Woods...

MTN Acquires Licence to Establish Bank In Nigeria The Central Bank of Nigeria (CBN) has approved the establishment of MTN's Mobile Money (MoMo) Payment Service Bank. Mobile money allows users to send and receive money, make payments, and perform other transactions using their mobile phones. Also Read:...

INVESTIGATION: How Ganduje Approved N110m to Non-existent Company for 1Km Road Project that has now been Abandoned  From Usman Bello Balarabe, Kano  A construction company to which Kano state governor, Abdullahi Ganduje, awarded a road contract in 2019 has been found to be non-existent. The state government...

Towards a Reformative Approach for Enhancing Cybersecurity By Zeenat O. Sambo -April 11, 2022 Technological advancement has led the world to a whole new level. Cybercrime has also become more sophisticated and taken a worrisome dimension under the new normal. Internet crime range from romance scams to...

"Some Lenders Seek Cooperation with Us" Says FCCPC  The Federal Competition and Consumer Protection Commission (FCCPC) says some lenders under investigation and whose accounts were frozen has approached the Commission and expressed a desire to cooperate with the agency. The executive vice president of the FCCPC,...