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The affected institutions are largely microfinance banks operating across multiple states, including Lagos, Anambra, Ogun, Osun, Ondo, Akwa Ibom, Oyo, FCT, Kaduna, Delta, Edo and Kano.
A breakdown of the figures showed that the refinery produced an average of 48.2 million litres of petrol per day, translating to 1.49 billion litres for...
82 ViewsNigeria has taken a major step toward transforming its aviation industry, as the Minister of Aviation and Aerospace Development, Festus Keyamo, formally received the country’s...
On 1 April, the Nigerian Exchange Group and the African Securities Exchanges Association convened senior executives from leading exchanges across the continent to discuss the structure...
In the lead judgment read by Justice Mohammed Baba Idris, the five-member apex court panel held it was a "legal anomaly" to allow lawyers appointed by...
139 ViewsThe Central Bank of the Democratic Republic of Congo (BCC) has announced plans to prohibit cash transactions in foreign currencies, including the US dollar, starting...
Earlier, crude prices had surged above $110 per barrel amid fears of supply disruptions as tensions escalated in the Middle East.
GCRP is designed to, among others sustain essential imports – including fuel, LNG, food, fertiliser, pharmaceuticals – by providing vital short-term Foreign Exchange (FX) and liquidity...
Implementation has begun, with 15 power plants signing settlement agreements totalling ₦2.3 trillion.
The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is wellpositioned to support economic...
