Rising inflation to weaken Nigeria’s economy- CBN survey
A new survey by the Central Bank of Nigeria has revealed that rising inflation will weaken the country’s economy.
The statistics department of the CBN...
FG to access $750m World Bank loan for states
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has announced that the Federal Government is in the process of accessing a $750m...
Dangote Sinotrucks, Lafarge and others enjoy tax relief
Dangote Sinotrucks West Africa, Lafarge Africa Plc and 35 other firms have been identified as companies currently enjoying Pioneer Status Incentive of the Federal...
Arabic inscriptions on Naira notes is for ease of trade- CBN
A Lagos-based lawyer, Chief Malcolm Omirhobo, has filed a suit before Justice Mohammed Liman, stating that having Arabic inscriptions on the naira notes portrays...
Fidelity Bank posts Impressive 9 Months Results As Profits hit 21.3bn
Fidelity Bank Plc has continued to sustain its impressive run of financial performance with the strong 3rd quarter results for the year, released Monday at...
Fidelity reaffirms commitment to ethical business practices
Fidelity Bank has restated the bank’s commitment to the highest standards of ethical and professional conduct in its dealings with customers and all stakeholders.
Fidelity...
CBN orders banks to update Anti-Money Laundering protocols
The Central Bank of Nigeria (CBN) has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools,...
CBN orders Banks to comply with SWIFT payment
The Central Bank of Nigeria (CBN) has ordered banks to comply with the SWIFT universal payment confirmation.
It stated this in a circular titled ‘Compliance...
Removal of petrol subsidy was important- World Bank
The World Bank has revealed that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis.
The bank, in its...
Nigeria’s export to US under AGOA declines to $244.1m
Nigeria’s export to the United States under the African Growth and Opportunity Act (AGOA) policy declined in the first half of 2020 to $244.1m.
According...
