Naira Redesign: Reps Urge CBN to Revamp e-banking Platforms The House of Representatives has urged the Central Bank of Nigeria to direct banks to immediately revamp their electronic transaction platforms. According to the House, the move has become necessary in the aftermath of the recent CBN...

FG Announces Removal Of 5% Tax On Calls, Data   The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on...

FG Loses Suit To Recover N70trn Loot Over Poor Prosecution   Justice Peter Lifu of the Federal High Court in Lagos has struck out the Federal Government’s suit seeking to recover and forfeit the sum of N70tn it alleged was stashed in 29 bank accounts by...

BREAKING: CBN Increases Interest Rate to 18 Percent, Says Nigeria Banks Healthy   The Monetary policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased Monetary Policy Rate (MPR) which measures interest rate to 18 percent from the previous 17.5 percent adopted in January.   This...

Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the value of electronic utility payments by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy...

PRNigeria Fact-Check Reveals Identity of Abia Assembly's Member-Elect, Anthony Abiola A newly-elected lawmaker in the Abia State House of Assembly, Hon. Anthony Chinasa-Abiola, is not of the Yoruba ethnic stock, a PRNigeria fact-check says. (https://prnigeria.com/2023/03/19/yoruba-win-election-abia/) But social media platforms and some blogs earlier were awash with...