COVID-19: CBN Disburses N253bn To 470 Households, 77, 000 SMEs
The Acting Director Corporate communications Department of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi, has said that the bank disbursed N253 billion to 548,345 beneficiaries as part of its responses to the COVID-19...
'38m Nigerian Adults Financially Excluded'
Thirty-six per cent of Nigerian adults, or 38 million adults, remained completely financially excluded at the end of 2020, according to a new report.
Enhancing Financial Innovation & Access, in a survey titled ‘New data from EFInA’, said financial inclusion grew,...
Tax Forms 70% Of FAAC Allocations — FIRS Boss
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Muhammad Mamman Nami, has said 60 to 70 percent of the funds shared monthly by the Federal Account Allocation Committee (FACC) among the three tiers...
FG Okays N14.8bn Workers’ Insurance Cover, COVID-19 Oxygen Plants
The Federal Executive Council presided over by President Muhammadu Buhari has approved the disbursement of N9.2bn as premium for insurance companies who will manage group life insurance coverage for federal civil servants.
The Minister of Information and...
External Reserves Declined By $640m In May – CBN
The country’s external reserves lost $640m in May, falling to $34.24bn on May 28 from $34.88bn as of April 28.
Figures obtained from the Central Bank of Nigeria on Tuesday revealed that the reserves had been fluctuating...
NDIC Seeks Ministry’s Support On Failed Banks’ Assets
The Nigeria Deposit Insurance Corporation (NDIC) has solicited the support of the Ministry of the Federal Capital Territory (FCT) in the realisation of landed properties of banks in-liquidation within the FCT to enable it pay depositors of...
