CBN Archives

Premium Trust Bank commences operations, promises service delivery

Premium Trust Bank has launched its first branch in Port Harcourt, Rivers State, joining the list of licensed commercial banks operating in Nigeria. The bank said in a statement that it was on a mission to provide solutions to peculiar financial challenges of customers through innovation and speed of execution, improving lives, communities and businesses. […]

agencyreport
28th April 2022
0 Comments
486 Views

Banking News

Kuda Bank defends customer’s harassment amid criticisms

KUDA Bank has said the event leading up to one of its customers being forcibly dragged out of its office by law enforcement officers is a result of the customer’s refusal to cooperate with the security agents after his account was flagged for criminal activity. In a statement on Kuda’s verified Twitter handle, the microfinance […]

agencyreport
21st April 2022
0 Comments
304 Views

Pension remittances: 20 firms default, pay N211.5m penalty

News

PFAs invest N74.54bn in infrastructure, investors eye pension funds

Pension Fund Administrators invested N74.54bn in infrastructure from the N13.76tn under the Contributory Pension Scheme as of the end of February 2022. This was contained in the latest figures obtained from the National Pension Commission. Investors have continued to lobby operators of the scheme to pump more of the funds into infrastructure development. The Governor […]

agencyreport
18th April 2022
0 Comments
294 Views

Trapped funds: CBN to give foreign airlines $150m

Economy

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the exchange rate on the parallel market is inching towards N590/$1, our correspondent has learnt. The development may lead to massive job loss in the manufacturing industry, among other sectors, according to the Manufacturers Association of Nigeria. The development comes over […]

agencyreport
23rd March 2022
0 Comments
282 Views

Reps pass tax crimes commission bill for second reading

Policy and Regulations

Enforce use of coins, Reps urge CBN

The House of Representatives has urged the Central Bank of Nigeria to “reinforce the use of coins as a legal tender and ensure that banks comply with the use of coins to the fullest.” Members of the House had at the plenary on Tuesday unanimously adopted the motion moved by a member, Muda Umar, titled ‘Call […]

agencyreport
23rd March 2022
0 Comments
352 Views

Federal workers demand N300,000 minimum wage, payment of

NIPOST boss faces prison threat over alleged disobedience

Manufacturers embrace local sourcing to cut high import

OPEC+ approves 188,000bpd oil output increase for August

Contact Info

Some Populer Post

Tinubu orders ICPC to probe ‘fake’ presidential council

PHOTOS: First Lady harvests vegetables from villa farm

Tegbe’s appointment will reposition power sector, says OAU alumni

NPO hails Tinubu’s directive to probe Meta, Alphabet, X

Tag: CBN