Naira Redesign Not Economic Priority — CISLAC The Civil Society Legislative Advocacy Centre has said that the Central Bank of Nigeria’s plan to redesign 200, 500 and 1,000 naira notes is not an economic priority for the country, considering the current challenges facing the economy. The...

In H1, Three Banks Record 26,877 Fraud Cases - Report  Three Banks financial reports shows that Access Bank, GTB and Fidelity Bank recorded 26,877 fraud cases in the first six months of the year. This was a 56.45 per cent decrease from the 61,715 fraud cases that...

PFAs Invest N52.87bn In Climate Change Adaptation Projects   Pension Fund Administrators (PFAs) have invested N52.87 billion in Green Bonds, which are focused on climate change- related projects. Green Bonds are types of debts issued by public or private institutions to fund themselves. It works like regular...

Banks’ Expenditure On Communications, IT Rises To N82bn   Ten commercial banks spent N81.92bn on communications as well as Information Technology services in the first half of 2022. According to the financial reports of the banks, this was a 58.69 per cent increase from the N51.62bn spent...

Report Reveals Nigeria Spent N75bn On Hazardous Imports   A non-governmental organisation, Sustainable Research and Action for Environmental Development (SRADev) has said that between 2020 to 2021, Nigeria spent N75bn on the importation of highly hazardous pesticides. The Executive Director, SRADev, Dr Leslie Adogame, said this while...

Fed Govt Earmarks $7bn For Poverty Reduction   The Federal Government says it has earmarked about $7 billion within the last seven years in its efforts to pull 100 million Nigerians out of poverty through its National Social Investment Programme in the country. The Minister of Humanitarian...