CBN Waives BDC Licence Renewal Fee
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC) operators with immediate effect.
This is in furtherance to the Regulatory and Supervisory Guidelines for Bureau De Change Operations in...
Some Banks Settle USSD Debt as Deadline Elapses
At least five of the nine banks owing telecommunication companies N160 billion for the Unstructured Supplementary Service Data (USSD) have made some form of payment after the Nigerian Communications Commission (NCC) set a January 27 disconnection deadline.
In...
CBN Sells N756bn Treasury Bills – Afrinvest
The Central Bank of Nigeria (CBN) sold Treasury bills worth N756bn last week following a subscription at its primary auction.
The apex bank offered N530bn across 91-day, 182-day, and 364-day maturities, with oversubscription primarily driven by long-dated bills.
Out of...
Nigeria's 90,000km Fibre Project to Serve 12m People – USTDA
The US Trade and Development Agency said Nigeria’s 90,000-kilometre fibre-optic infrastructure project will connect 12 million people to affordable and reliable internet services, marking a significant milestone in bridging the country’s digital divide.
Speaking on the...
Food Import Gulps $1.8bn in Nine Months – CBN
The Central Bank of Nigeria allocated $1.87bn for food imports in the first nine months of 2024, representing a $235.11m increase compared to the $1.64bn recorded in the same period of 2023.
This marks a 14.37 per...
P’Harcourt, Warri Refineries' Resumption Step Towards Energy Sufficiency – NEITI
The Nigeria Extractive Industries Transparency Initiative has said the resumption of operations at the 210,000 barrels per day Port Harcourt refinery and the 150,000bpd Warri refinery is a monumental step towards achieving energy self-sufficiency and...
