eNaira Goes Live Today After Official Launch By Buhari   Nigeria’s central bank digital currency (CBDC), the eNaira, has gone live after an official launching by President Muhammadu Buhari on Monday. The launch took place at the State House in Abuja. An earlier plan to unveil the...

Economy Improved Slightly In August - CBN     Economic activities improved slightly in August, compared to July, according to the Central Bank of Nigeria. The CBN said in a report on its last Monetary Policy Committee meeting that the manufacturing and non-manufacturing Purchasing Manager’s Indices showed improvement...

'W/Bank Blacklists 18 Nigerian Firms, Individuals For Corruption'     The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed. A list of debarred individuals and firms was...

Pension Funds Invested In Banks Rise To N2.05trn – PenCom   The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of July from N1.48tn in January. The National Pension Commission disclosed this in its report, titled ‘Unaudited...

NCS, FOU Intercepts Contraband Worth N723.28m   The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone A, Ikeja, Lagos has announce that it seized several illegally imported items valued at N723.28 million. Announcing the seizure in Lagos, Acting Controller of the unit, Deputy Comptroller Ejibunu HK...

CBN Raises Healthcare Fund To N200bn     Healthcare providers, hospitals, and pharmaceuticals are to benefit in the expansion of the healthcare sector intervention fund from N100 billion to N200 billion by the Central Bank of Nigeria (CBN). The expansion was recommended by the Monetary Policy Committee (MPC). CBN...