The Nigerian Investment Promotion Commission has commended the recent Central Bank of Nigeria’s policy which limits daily cash withdrawals to N20, 000 and weekly withdrawals to N100,000 for individuals The policy, which is scheduled to be implemented on January 9, has received backlash from citizens, economists, lawmakers and politicians. But the …

The Socio-Economic Rights and Accountability Project has urged the nine oil-producing states in Nigeria to “provide and widely publish details of spending of the oil derivation refunds of N625bn recently paid to them by the Federal Government, including details and locations of projects executed with the money.” The Federal Government …

The Human Rights Writers Association has called on the National Assembly to use its legislative powers to kick out the governor of the Central Bank of Nigeria, Godwin Emefiele. The group made the call in a statement signed by its National Coordinator, Emmanuel Onwubiko, on Sunday. Onwubiko said the governor …

The Federal Capital Territory Administration Department of Outdoor Advertisement and Signanege says it has lost about N500m in revenue to masts erected without proper approval in the FCT. The Director of the DOAS, Dr Babagana Adam, made the revelation in Abuja, during an interactive session with journalists, on Thursday. He …

Soldiers attached to the Special Forces of the Nigerian Army, in a renewed offensive, killed nine bandits in their hideouts in the Giwa Local Government Area of Kaduna State. According to the state Commissioner for Internal Security and Home Affairs, Samuel Aruwan, the troops killed five bandits at Rafin Sarkin …

President of the United States of America, Joe Biden, has invited 49 African heads of state and the head of the African Union for a three-day US-Africa Leaders Summit. The summit, scheduled for 13-15 December 2022, will take place in Washington DC, the US capital. This was contained in a …

The Department of State Services has given Nigerian National Petroleum Company Limited and other stakeholders in the downstream sector 48 hours to end the lingering fuel scarcity across the country. Addressing journalists at the DSS headquarters in Abuja on Thursday, its spokesperson, Peter Afunanya, said they held a closed door …

Stakeholders of the African Continental Free Trade Area, Agreement said the agreement has the potential to grow trade value in Nigeria to about $12bn between 2023 and 2027. This was disclosed during the Nigeria AfCFTA implementation strategy validation held in Lagos. They said that the agreement could also reduce trade …

Public and private sector stakeholders across the financial services industry have canvassed support for the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. Tbe stakeholders said this the amendment would help in strengthening the capacity of the Corporation to contribute more effectively and efficiently …

The Central Bank of Nigeria Governor, Mr Godwin Emefiele has appointed Mr Saad Hamidu of the Development Bank of Nigeria to act as the Managing Director of the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending. His appointment was revealed in a letter addressed to him and signed by the …