CBN releases N3.5b for non-oil export rebates
The Central Bank of Nigeria (CBN) has released N3.5 billion as rebates for exporters of semi- and fully-processed non-oil commodities…
IMF launches $45bn trust for Nigeria, others May
The International Monetary Fund (IMF) has said its Resilience and Sustainability Trust for low-income and vulnerable middle-income countries will come…
PenCom faults bill seeking payment of 75% lump sum to retirees
The National Pension Commission (PenCom) says the payment of “at least 75 per cent” lump sum to retiring workers under…
FG has recovered N53bn out of N5.2trn debt from MDAs, says Finance Minister
Mrs Zainab Ahmed, Minister of Finance, Budget, and National Planning, says the Federal Government has recovered N53.5 billion out of…
CBN grants MTN final approval to operate payment service bank
The Central Bank of Nigeria (CBN) has granted MTN the final approval to operate as Momo Payment Service Bank Limited…
PenCom Reviews Regulation On Administration Of Retirement, Terminal Benefits
The National Pension Commission (PenCom), has warned that any disengaged employee who temporarily accesses his/her Retirement Savings Account (RSA) balance…
Visa Opens New Innovation Studio in Nairobi Kenya
World leading payments company Visa has opened a new Innovation Studio in Nairobi, Kenya. This facility will serve the sub-Saharan…
IMF warns Nigeria, 72 other nations over high risk of debt distress
Nigeria and 72 other countries are at high risk of debt distress or already in debt distress, according to a…
FG to borrow N965bn as 2022 budget deficit jumps to N7.35tn
President Muhammadu Buhari has written a letter to the House of Representatives, informing the parliament that the deficit in the…
ABCON seeks inclusion of BDCs in dollar supply value chain
The Association of Bureaux De Change Operators of Nigeria (ABCON) has solicited the Central Bank of Nigeria (CBN) to include…