A significant development has occurred in the Nigerian banking sector, as the Federal Government has acquired full ownership of Keystone Bank. This follows a court judgment delivered on February 11,…
In a move aimed at improving the efficiency of ATM services, the Central Bank of Nigeria (CBN) has announced the introduction of fees for interbank ATM withdrawals. This policy change,…
The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji has revealed that only 100,000 Point of Sale (POS) operators have officially registered their businesses with the commission as…
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale agreement…
The Central Bank of Nigeria has announced a fine of ₦150 million on Deposit Money Banks found guilty of giving out illegal flow of mint naira notes to currency hawkers…
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the old Port Harcourt refinery is currently operating at 70 per cent of its installed capacity, with plans to…
Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy, revealed that the country has saved $20 billion through the removal of petrol subsidies and the adoption of…
Dangote Refinery has revealed the price of its petrol, saying that it sells at N990 per litre in trucks and N960 per litre into ships. The disclosure follows the Independent…
The Central Bank of Nigeria (CBN) has announced that there is no deadline for the circulation of old Naira notes, dispelling rumors that the N200, N500, and N1,000 banknotes will…
The Central Bank of Nigeria (CBN) has hinted that the lifting of petroleum products from Lagos-based Dangote Refinery will die down the cost of transportation and ease food inflation. The…
