Group protests ‘blackmail’ of Buhari’s appointees, demand arrest

October 20, 2021 Bode Olagoke 0

A pressure group based in the Federal Capital Territory, Coalition for Good Governance and Change Initiative (CGGCI) has staged protest against some persons allegedly trying to blackmail President Muhammad Buhari through his appointees. According to the group, those making the attempts were targeting key appointees of the president using fake news. Staging a protest Wednesday in Abuja, the group urged Read More

Osun monarch threatens to expose colleague for refusal to refund loan

October 13, 2021 Lateef Ibrahim 0

A traditional ruler in Osun state, the Ataoja of Osogbo, Oba Jimoh Olanipekun, has threatened to expose a monarch for his refusal to refund the loan he took for him. Speaking at the Freedom Park, Osogbo, during the disbursement of N6.5bn Micro, Small and Medium Enterprises Development Fund by Governor Adegboyega Oyetola. The monarch said, “I want to advise the beneficiaries not Read More

MPC may increase benchmark rate with inflation poised to halt slide – Rewane

October 13, 2021 Blessing Anaro 0

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), analysts are certain will increase the benchmark rate, otherwise known as the Monetary Policy Rate (MPR) when it meets next in November. This is because, survey by analysts indicates that inflation which has declined six consecutive times will look up north September. Since March 2021, Nigeria’s inflation rate Read More

Need for tenancy bureaux In real estate practice

October 12, 2021 Jasper Oleka 0

As credit bureau is to financial institutions (with regards to credit transaction/facility), so is tenancy bureau to real estate firms (with regards to real estate rental market/tenancy administration). The main deliverables of the tenancy bureau include a tenancy report on every prospective tenant as well as sitting/subsisting tenant. This comprises of demographic information of the tenants: like names, address, gender, Read More

Nigeria records high growth in digital financial channel

October 12, 2021 Segun Odunewu 0

Nigeria has recorded a high growth in digital financial channels in the last one year, according to the Central Bank of Nigeria (CBN). Dr. Hassan Mahmud, Director of the CBN’s Monetary Policy Department, in a presentation titled “Implications of Trends in the Digital Financial Ecosystem for Monetary Policy Implementation said the overall population of Nigerians who use digital payment has Read More

When First Bank set the pace for thoughts on Open Banking

October 11, 2021 Amaka Ifeakandu 0

At FIntech Summit 5.0 organised by First Bank of Nigeria, experts brainstormed on how best to make the Open Banking initiative work in financial service delivery, even as the FBN speaks on reasons for its intervention and the bank’s plans to remain atop the nation’s banking industry. AMAKA IFEAKANDU reports First Bank of Nigeria Limited, Nigeria’s premier and leading financial Read More

Digital finance’ll enhance payment

October 10, 2021 Amaka Ifeakandu 0

The Central Bank of Nigeria (CBN) has said that the advent of digital finance would enhance faster payment and promote efficiency of monetary mechanisms. Director, Monetary policy Department, CBN, Mr Hassan Mahmud who stated this in Enugu at CBN seminar organized for financial journalists and business editors said that digital financial ecosystems help to reduce the amount of currency in Read More

Titan Trust Bank: 2 years of service with power and pride

October 7, 2021 Opeyemi Dabiri 0

On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence.  Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless Read More

Shift to digital financial services’ll encourage competition, attract more Fintech – CBN

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the accelerated shift towards digital financial services will attract more fintech investment and encourage competition to traditional financial institutions. Emefiele made the statement in Enugu while delivering a keynote address at the seminar organized by CBN for financial journalists and business editors with the theme”Trends In Nigerian Payments Read More

Memo to late presidents of Nigeria

October 6, 2021 Abba Dukawa 0

I am not sure how to address the late presidents of Nigeria as the formal courtesy of your excellency is of no use to them since they are in eternity. However, this open memo has become necessary to intimate you on the state of the nation after 61 years of statehood. I am having an imaginary conversation with late Alhaji Read More

Sanusi’s alarm on Nigerian economy

October 4, 2021 Blueprint 0

The prediction by the former Governor of the Central Bank of Nigeria (CBN), Khalifa Muhammad Sanusi, that Nigerian economy will soon collapse is, indeed, a clarion call to the nation’s economic managers and policy makers to move swiftly and deftly to avert the impending calamity. Sanusi, noted, and quite rightly, that the crude oil on which the economy is anchored Read More

Still on business owners’ concerns over soaring prices of materials

October 1, 2021 Blueprint 0

Over the years, businessmen have been lamenting the effects of poor infrastructure, multiple taxations, power on the cost of conducting business in Nigeria, but with the depreciation of the Naira against the Dollar, an already bad situation has been worsened; BENJAMIN UMUTEME reports. Over a week now, manufacturers of sachet water popularly referred to as ‘pure water’ in Jikwoyi, have Read More

(Breaking) 61st Independence anniversary: Buhari exposes those sponsoring agitations, violence, preaches unity

Pesident Muhammadu Buhari has said  Nigeria must remain a strong and united country despite the current challenges.In a nationwide broadcast to mark the 61st independence anniversary, the president reiterated that the country’s unity is not negotiable. “Nigeria is for all of us. Its unity is not negotiable. And its ultimate success can only be achieved if we all come together with a Read More

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FG, Russia to deepen bilateral relations on mining

September 30, 2021 Ayoni M. Agbabiaka 0

Former Senate President Senator Olubukola Saraki has commended the inauguration of Nigeria-Russia Chambers of Commerce and Industry initiative to deepen bilateral relations especially in mining. Saraki who lauded President of the Nigeria-Russia Chambers of Commerce and Industry, Chief Obiora Okonkwo for the initiative at the inauguration of Nigeria-Russia Chambers of Commerce and Industry in Abuja on Tuesday, stated that indeed, Read More

Cyberchain conference to educate people on digital economy regulations

September 29, 2021 Amaka Ifeakandu 0

The Chief Executive Officer Cyberchain Consult, Mr Jude Ozinegbe has said that Cyberchain 2021 conference will provide opportunity for people to understand the technology at a professional level and gain more knowledge on the benefits of blockchain. Ozinegbe, a digital transformation and Blockchain expert who disclosed this in Lagos during a media parley said blockchain is the leading technology world Read More

eNaira ‘ll reposition Naira, enhance its value, says NCAG

September 29, 2021 Bode Olagoke 0

The Nigerian Citizens Action Group (NCAG) has described the plan by the Central Bank of Nigeria (CBN) to introduce eNaira on October 1 as a good move.The NCAG said that the digital currency will reposition the naira and enhance its value. NCAG, in a statement by its National Coordinator, Rt. Hon. Obe Agu, in Abuja, urged the CBN Governor, Godwin Read More

Santuscom secures over $1.2m facilities from CBN, BoI, NIRSAL for food production

September 29, 2021 John Oba 0

An agribusiness giant, Santuscom Agro Investment Company Limited, Tuesday, disclosed securing $1.2 million facilities from Central Bank of Nigeria, CBN, Bank of Industry, BoI, SunTrust Bank, and Nigeria Incentive-Based Risk Sharing system for Agricultural Lending, NIRSAL, to boost food production. This was made known in a statement signed by the Managing Director, Santuscom Agro Investment Company Limited, Chief Paul Ofana. Read More

CBN e-Naira platform goes live, hits 1m views under 24 hours

September 27, 2021 Segun Odunewu 0

As Nigeria braces to receive the e-Naira, which is set to be launched by the Central Bank of Nigeria (CBN) on October 1, 2021, the official website of the CBN digital currency, the e-Naira, has gone live, recoding over a million hits in days. The development shows a reflection of the level of interest in the proposed digital currency. The Read More

7,000 Ogun youth benefit from Anchor Borrowers scheme

September 27, 2021 Hakeem Adegbenro 0

Over seven thousand youths in Ogun state have so far been empowered by the Central Bank of Nigeria’s Anchor Borrowers’ agricultural programme through the cassava intervention project by the state government. This was contained in a statement by the chief press secretary to Ogun state governor, Kunle Somorin, at the weekend. Somorin said the agricultural project, tagged ‘Mega Ogun State Read More

We’re inspired by Mailafia, Shekarau’s legacies – SOKAPU

September 27, 2021 Agi Onda 0

The Southern Kaduna Peoples Union (SOKAPU) in Abuja over the weekend commended the inspiring legacies left behind by both former Deputy Governor of the Central Bank of Nigeria (CBN), Dr Obadiah Mailafia and Chairman of the Nigerian Bar Association (NBA) Abuja chapter, Barr Hauwa Evelyn Shekarau. Speaking when he led the executives of the Union on sympathy visits to the Read More

Ex-CBN governor reveals what will happen to Nigerian economy

September 25, 2021 AbdulRaheem Aodu, Kaduna 0

Former Central Bank of Nigeria (CBN) Governor, Khalifa Muhammad Sanusi has sounded the death knell for Nigerian economy, noting that crude oil on which the economy is anchored has no future and is no longer sought after globally.  Addressing the sixth Kaduna Investment Summit, after inaugurating the state development plan 2021 to 2023, to transform the state into a knowledge-based economy, the Read More

How KASU spent N10bn on permanent site, graduated 9,665 students – VC

September 25, 2021 AbdulRaheem Aodu, Kaduna 0

Kaduna State University (KASU) has so far spent over N10 billion on the development of its permanent site in Rigachikun, Igabi local government, the Vice Chancellor, Prof. Mohammed​​ Tanko has said.  Addressing the 4th Combined Convocation of the University and installation of ex-Emir of Kano, Muhammadu Sanusi as Chancellor of KASU on Saturday, Prof. Tanko said KASU also received N3 Read More