The Central Bank of Nigeria has revised the regulatory requirements for the tenure of executive management and non-executive directors of Deposit Money Banks and Financial Holding Companies in the Code Of Corporate Governance For Banks And Discount Houses (Ref: FPR/DIR/CIR/GEN/01/004).
In a circular titled ‘Review of tenure of executive management and non-executive directors of Deposit Money…
The Central Bank of Nigeria has appointed Dr Isa Abdulmumin as its acting director of Corporate Communications Department.
Abdulmumin, formerly a deputy director, took over from Osita Nwanisobi, who retired from the bank on Friday, after serving as the director of…
As FG lifts its charcoal ban, the exporter is targeting a $158 billion market.
February 25, 2023
The Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid to revamp businesses and increase the country’s foreign exchange earnings.
In a statement signed by the Head of Corporate Communications, Nigerian Export…
The International Monetary Fund (IMF) estimates that amid the central bank’s policy to restyle the Naira, non-bank currencies will reach 4.26 trillion naira by 2023.
Personnel report; The IMF has publicly stated that CBN will increase the amount of cash withdrawn from the bank despite aggressive attempts to get more money out of the hands of the banking system.
The report shows that funds…
Stakeholders have called on the Federal Government of Nigeria to implement a ban on single-use plastic.
The stakeholder who spoke at the Global Alliance for Incineration Alternatives Nigeria Members workshop on Civil Society Organisations Engagement with National and…
The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution.
This is stated in a statement signed by the Director of Corporate Communications of EKEDC.
Abdullahi Yinusa and Abdullahi Musa were arrested and…
Hurray, the first commercial flight has landed at Ogun State Cargo Airport.
February 24, 2023
History has been made with the official landing of the maiden test flights into the Ogun State Gateway International Agro-Cargo Airport at Iperu-Ilishan Road, Ikene local government in Ogun State.
The first private aircraft landed at 2.15 pm to the excitement of the Ogun people who had earlier trooped to the airport to witness the occasion.
The height of the day was the landing of Valuejet airline…
The Minister directs the disbursement of the Cabotage Fund to financial institutions.
February 24, 2023
The Minister of Transportation, Mu’azu Sambo has urged Primary Lending Institutions and other stakeholders to fast-track efforts towards quick disbursement of the Cabotage Vessel Financing Fund.
This was contained in a statement by the Director, Press and Public…
Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs.
Data released by the Federal State Grid…
Air Peace on Thursday announced that flight operations will be suspended on February 25 as a result of the general elections.
However flight operations will resume February 26, the local airline assured.
The airline disclosed this in a statement via its official Instagram handle.
The statement reads, “Members of the public are hereby informed that there will be no scheduled flights on…