States owing N4tr in domestic debts
Domestic indebtedness of the 36 states and the Federal Capital Territory (FCT) as at the end of March 2019 was N3.972 trillion, the Debt Management Office (DMO) has disclosed.
PenCom strives to make housing affordable to pension contributors
One of the major inclusions in the PRA 2014 was the introduction of Section 89 (2), which allowed a registered contributor under the Contributory Pension Scheme (CPS), to apply for a percentage of the pension assets...
₦500, ₦1000 denominations most commonly counterfeited banknotes- CBN report
The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82 million was recorded in 2018.
Emefiele cautions rice millers against price hike over border closure
Following unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to rice millers, merchants and distributors to refrain from such acts, saying it’s very unpatriotic.
FG urged to curb poverty through value-oriented policies, programmes
To reduce poverty to the barest minimum, theFederal Government has been advised to craft value-oriented policies and programmes to turn around the standard of living...
ABCON wants review of cash-less fees, VAT
The nation’s foreign currency dealers have joined the argument against the processing fees for cash-less policy operations and the government’s planned hike in Value Added Tax rate.
Oyo Assembly approves Makinde’s N7.6b loan to develop farm settlements
The Oyo State House of Assembly has approved the request of Governor Seyi Makinde to access N7.6 billion agricultural loan from the Central Bank of Nigeria (CBN.)
'Access to loans still a challenge to Nigerian women in business'
Despite the directive given by the Central Bank of Nigeria (CBN) mandating Deposit Money Banks (DMBs) to borrow 65 per cent of depositors' money to support businesses...