Governor, Central Bank of Nigeria, Dr. Olayemi Cardoso Experts express mixed views on the recapitalisation’s impact on the banking sector, with some optimistic about long-term benefits and others sceptical about immediate effects on lending practices and interest rates. As the process unfolds, the challenge remains to balance capital adequacy with the needs of SMEs, which […]

The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on the CBN’s website on Thursday stated that the move was aimed at enhancing the tracking and management of electronic transactions in the country. “As part of efforts to mitigate […]

NNPC GMD, Mele Kyari The Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery are wrapping up discussions on crude oil sales by NNPC to the Dangote refinery in naira and the buy-back of refined petroleum products from the $20bn plant in naira. Parties in the deal may conclude discussions next week, the Vice […]

Chairman, Independent National Electoral Commission, Prof. Mahmood Yakubu; Chairman, National Peace Committee, Gen. Abdulsalam Abubakar, (retd); Inspector General of Police, Kayode Egbetokun; convener of NPC, Bishop Matthew Kukah; governorship candidates and representatives of the political parties, during the signing of the Peace Accord by political parties and governorship candidates ahead of the 2024 Edo State […]

PDP, APC, and LP candidates in the coming Edo governoeship poll The Edo State Chapter of the Peoples Democratic Party on Thursday made good its threat as it did not take part in the peace accord signed on Thursday in Benin. However, the All Progressives Congress which earlier said that it would not participate was […]

President Bola Tinubu has expressed optimism following a new report from the National Bureau of Statistics (NBS) revealing Nigeria’s trade surplus reached N6.95 trillion in the second quarter of 2024. This is according to Bayo Onanuga Special Adviser to the President (Information & Strategy) in a statement he released on Thursday. It noted that this […]

Edo peace accord, Internal crisis tearing PDP members apart in Kano Ahead of next weekend’s governorship election in Edo State, the Peoples Democratic Party (PDP) has demanded the redeployment of the state police commissioner, Nemo Edwin-Iwo, and the Resident Electoral Commissioner (REC), Dr. Anugbum Onuoha, who is a former aide to the FCT minister, Nyesom […]