Telecoms: Calls, Text And Data Services To Increase Price By 40%
Based on recent news report, telecommunication companies are proposing a 40% increase in the cost of calls, SMS, and data to the Nigerian Communications Commission as a result of the rising cost of running...
CBN Alerts Nigerian Banks on Dangers of Transacting With Benin Republic
The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on existing accounts and transactions related to the Benin Republic.
The apex bank said this in a circular dated April 11 and...
CBN Set To Upgrade eNaira With Bills Payment
The Central Bank of Nigeria (CBN) has stepped up the campaign on its digital currency, eNaira, even as it said, it will, before the end of this month, introduce payment of bills on the wallets.
Speaking at a...
Amid Worsening Electricity Crisis, Power Firms Owe Banks N861.14bn
The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year to N861.14bn in December 2021 amid the lingering problems plaguing the sector since it was privatised...
In Eight Days, External Reserves Drop By $196m
Nigeria’s external reserves drop by $196m in eight days to $39.62bn as of April 28, according to figures obtained from the Central Bank of Nigeria.
The CBN revealed that the reserves, which had earlier gained $243.83m in 19...
Stakeholders To FG - Take Urgent Steps To Halt Nigeria’s Rising Debt
As the national debt stock rapidly increases, some business stakeholders are advising the government to take steps to halt its rise.
The stakeholders who spoke with the News Agency of Nigeria (NAN) advised the...
