CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said the new Central Bank of Nigeria (CBN) policy which pegs the minimum capital for commercial banks at N500 billion was in line with current global economic...

FG Pays N4.83tn of Ways and Means Advances – Wale Edun ‌ The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others   No fewer than 50 contractors, consultants, and staff members of Ministries, Departments, and Agencies of the government are being investigated by the Independent Corrupt Practices and Other Related Offences Commission under phase five of its...

Financial Stocks Account for 41.7% of Total Turnover The financial services industry dominated in volume terms at the end of last week’s transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 899.5 million shares valued at N15.9 billion traded in 20,278 deals,...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...

N178bn Bad Debt: Reps Dismisses Allegation Against NPA The House of Representatives has exonerated the Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko of N178 billion bad debt allegations as contained in the 2019 audited financial statement of the authority. The Chairman of the House...