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AfDB Approves Loan To Nigeria Expansion The African Development Bank has approved a 200 million dollar loan to support Nigeria’s Project Bridge, aimed at expanding digital infrastructure across the country. The plan focuses on…
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Court Reverses CBN Action In Lagos on Wednesday, a Federal High Court nullified the Central Bank of Nigeria’s 2024 decision to dissolve the board and management of Union Bank. The court ruled that the action was beyond the powers of…
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NELFUND Disburses N206bn Student Loans The Nigerian Education Loan Fund (NELFUND) says it has disbursed ₦206 billion to more than one million students across the country. The fund explained that the initiative is aimed at expanding…
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Tinubu Swears In New Finance Minister President Bola Tinubu has formally sworn in Taiwo Oyedele as the new Minister of State for Finance during a ceremony held at the State House in Abuja. The appointment places the tax policy…
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Nigeria Adds Locally Mined Gold To CBN The Central Bank of Nigeria (CBN) has confirmed that gold mined in Nigeria and refined to London Bullion Market Association standards has now been added to the country’s official reserves. The…
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CBN Rolls Out Fresh Dollar Plan The Central Bank of Nigeria has approved the sale of up to $150,000 weekly to each Bureau De Change operator in a fresh effort to steady the foreign exchange market. The decision was announced as…
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New Tax Warnings For Lagos Residents The Lagos State Government is preparing to recover unpaid taxes by taking money directly from the bank accounts of defaulters and through people and businesses linked to them, including employers,…
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CBN Plans Solution To ATM Queues The Central Bank of Nigeria is preparing new rules to control how banks issue debit cards and run automated teller machines as part of efforts to fix ongoing cash access problems across the country. …
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The Economic and Financial Crimes Commission on Thursday presented fresh evidence in the trial of former Kogi State governor Yahaya Bello over an alleged ₦110.4 billion fraud linked to his time in office. The trial is taking place at…
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The Budget Office of the Federation has said the ₦246 billion allocation to the North East Development Commission is not meant for salaries alone. The office said claims suggesting the commission exists mainly to pay workers are wrong…
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