What every Nigerian should know about the interest rate
Oluwanifemi Ojo Interest rate is a measure of the amount paid on a borrowed money or the amount received for saving money. This means, if an amount of money…
New naira note: CBN insist on January 31st deadline
Juliet Buna The Central Bank of Nigeria has insisted that there is no going back on the January 31 deadline for the old 200, 500 and 1,000 naira notes,…
Senate ask CBN to extend deadline of new naira note
Juliet Buna The Senate has once again asked the Central Bank of Nigeria to extend the deadline for the stoppage of the use of old naira notes from January…
CBN raises interest rate to 17.5%
The Central Bank of Nigeria has raised the Monetary Policy Rate, which measures the interest rate to 17.5 per cent. The CBN Governor, Godwin Emefiele, announced this after the…
New naira: 50% unbanked Nigerians may lose savings, says report
Oluwanifemi Ojo A new report by the Inclusion for all Initiative predicts that over 50 percent of Nigerians without access to banking services could lose their savings as the…
Mutual Benefits won’t relent on customer experience improvement – Chairman
Chairman of Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi, has assured key stakeholders and the insuring company that the organisation will continue to offer improve customer services in the…
FG empowers NMDPRA to tackle petrol price hike
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this week, to enhance the authority’s capacity to curb…
New naira: Customers flood Kebbi bank one week to CBN deadline
As the deadline for the use of old naira notes draws closer, some customers in Birnin Kebbi, Kebbi State capital, on Monday, flocked to banks to deposit or withdraw cash…
Banks lending rate to customers hits 29.13%
As of the end of December 2022, the maximum loan rate in the banking industry was 29.13%, while the return on savings deposits was 4.13%. Data on money market…
FIRS hits record N10.1trn tax revenue in 2022
The Federal Inland Revenue Service has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax collection ever recorded in its history. Special…
10 facts about the Lekki deep seaport
The Lekki deep sea port, a part of the Lagos Project Festival is fully completed and is to be commissioned today in Lagos by the President, Major General Muhammadu Buhari…
Lagos deep sea port to create 300,000 jobs – Sanwo-Olu’s aide
Ahead of Monday's flag off or the Lekki Deep Sea Port, the Lagos State Government has revealed that at least 300,000 jobs will be created. This was disclosed by…
