The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo at the Council Chambers of the…
Wema Bank Plc has said its gross earnings rose by 42.3 per cent to N131.08bn as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.
It revealed this in a statement on its audited financial results for the period ended December 31, 2022.
The…
According to the World Bank, the Nigerian diaspora transferred $168 billion in eight years.
April 25, 2023
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports collated by our correspondents.
This is as foreign investments inflow into the country fluctuated in the period under review and caused a scarcity…
Airtel Nigeria has partnered with AXA Mansard to launch a digital health insurance scheme to provide access to basic health care consultation and minor treatment for customers on the telco’s network.
The telco explained that the health bundle will give its customers the opportunity to approach low-cost health care consolation and treatment for minor illnesses.
It stated that the bundle plan will…
Touch and Pay Technologies, a fintech company, has announced that passengers can now pay for interstate travel from Lagos using a mobile app.
According to the firm, using its Cowry app, passengers can now pay formal and informal interstate travel operators within the…
Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of the President, Major General Muhammadu Buhari (retd.)
The total debt owed to the World Bank Group by Nigeria rose by $7.64bn (N3.52tn, using the exchange rate of the Central Bank of…
The Minister of State for Budget and National Planning, Clem Agba, has disclosed the Federal Government commenced some priority actions in 2022 in order to make food systems more sustainable.
He disclosed this in Abuja during the inauguration of a 20-man steering committee…
The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had adversely affected his members.
Gideon said that the CBN’s policy had also brought about untold…
The policy of dormant CBN accounts has raised concerns in the banking sector.
April 21, 2023
Banks and their customers have raised concerns over the Central Bank of Nigeria’s proposed plan to mop up funds from dormant accounts. While the proposal is not new, stakeholders argue that it could potentially have unintended consequences on the banking sector, reports Oluwakemi Abimbola
The bank account of a deceased man, Oluwanisola Yekini, has been dormant since he died in 2020. The…