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CBN Stops Foreign Currency As Collateral For Naira Loans

The Central Bank of Nigeria (CBN) has directed all banks to ban the use of foreign currency denomination as collaterals for naira loans. This was contained in a circular directed…

President Tinubu Appoints New MD Of CREDICORP

President Bola Tinubu has approved the appointment of Mr. Uzoma Nwagba as the Managing Director/Chief Executive Officer of the Nigerian Consumer Credit Corporation, CREDICORP. Before his appointment, Mr. Nwagba served…

MOPB, PERL Organize Validation, Dissemination of 2024 Kano Citizen’s Budget

Kano Citizen groups have been advised to reintegrate and track budgets to ensure the completion of abandoned projects in the state. The permanent secretary Kano State Ministry of Planning and…

Kano Citizen Groups Advocate Prompt Implementation Of Budget

Citizen groups in Kano have urged the government, and relevant stakeholders to ensure the timely implementation of the 2024 approved budget estimate. The groups made the call during a validation…

President Tinubu Inaugurates Fiscal Committee, Targets Reduced Borrowing

President Bola Tinubu has expressed his resolute commitment to break the vicious cycle of over reliance on borrowing for public spending. He expressed the commitment while inaugurating the Presidential Committee…

FG Requests Google To Remove 18 Loan Applications

Federal Competition and Consumer Protection Commission (FCCPC) has instructed Google to promptly eliminate 18 digital lending firms from its Play Store and associated platforms. According to a statement by Mr.…

KNSG Committed To Prompt Payment of Salaries, Pension – A.G

Kano State Government says it will prioritize prompt payment of civil servant monthly salary and pension to retirees as promised since inception of the administration . Accountant General of the…

CBN Raises Monetary Policy Rate To 18.75%

Central Bank of Nigeria has raises the monetary policy rate from 18.5 to 18.75 percent. The hike in rate was announced by the Bank’s Acting Governor, Mr. Folashodun Shonubi, at…

Court Grants Emefiele N20m Bail

Justice Nicholas Oweibo of the Federal High Court in Lagos has granted the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, bail in the sum of N20 million…

Petrol Pump Price Increases To N617 Per Litre In Abuja

Nigerians on Tuesday were greeted with an increase in the pump price of premium motor spirit also called petrol as the product now sells at N617 in some NNPCL stations.…