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If We Don’t Kill Unnecessary Imports, Imports will Kill Us – Emefiele

If We Don’t Kill Unnecessary Imports, Imports will Kill Us – Emefiele

If Nigeria does not kill unnecessary imports, imports will kill the nation, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele warned yesterday, stating, however, that despite the occasional shocks experienced by the Nigerian economy,…

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APC Can Handle Edo Crisis, Says Presidency

APC Can Handle Edo Crisis, Says Presidency

The Presidency has said the All Progressives Congress is capable of handling the crisis in its Edo State chapter. The Presidency’s position came on Sunday, barely 24 hours after the raging political dispute between the…

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Govs Opposed Bailout’s N162m Monthly Repayment Plan — FG

Govs Opposed Bailout’s N162m Monthly Repayment Plan — FG

The Federal Government said the 36 state governors on Tuesday kicked against its plan to extend the repayment period of its budget support to state governments from 20 to 30 years. It explained that the…

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MTN Bows to Pressure, Suspends USSD Charges

MTN Bows to Pressure, Suspends USSD Charges

MTN Nigeria has confirmed that it has suspended its plan to implement charges around the Unstructured Supplementary Service Data (USSD) code being used for bank transactions. The suspension came on the heels of the directive…

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USSD Transactions: Banks Deny Directing MTN To Charge Customers

USSD Transactions: Banks Deny Directing MTN To Charge Customers

A body of Bank Chief Executive Officers in Nigeria has washed its hands clean from the purported message sent by Telecoms Giant, MTN that it had directed them to start charging customers for USSD transactions.…

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CBN ‘s Forex Restrictions Not Impeding Investments —Emefiele

CBN ‘s Forex Restrictions Not Impeding Investments —Emefiele

The Governor of Central Bank of Nigeria, Mr Godwin Emefiele on Sunday said that the current foreign exchange restriction policy of the apex bank was not restricting investment inflows into the country. The Governor said…

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Just In: MTN Begin Charges On USSD Voice, Text Messages

Just In: MTN Begin Charges On USSD Voice, Text Messages

MTN Nigeria says it will go ahead to charge its customers for Unstructured Supplementary Service Data (USSD) voice or text message which allows them access to bank services via their mobile phones. The telecom said…

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N98.82m Fake Banknotes Detected In 2018 —CBN

N98.82m Fake Banknotes Detected In 2018 —CBN

The Central Bank of Nigeria on Wednesday said a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82m was recorded in 2018. The bank said this in the Currency Operations 2018…

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Moghalu Quits YPP, Makes Case For Electronic Voting

Moghalu Quits YPP, Makes Case For Electronic Voting

By Augustine Akhilomen Former Presidential candidate of the Young Progressive Party (YPP) in the 2019 general elections, Prof. Kingsley Moghalu, has resigned his membership from the party. He made the announcement on Monday via his…

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Why Nigerian Government Dependent On Expensive Borrowing –IMF

Why Nigerian Government Dependent On Expensive Borrowing –IMF

The International Monetary Fund has said that Nigeria’s “over-Optimistic” revenue assumptions has made the government dependent on expensive borrowing from the Central Bank of Nigeria. The IMF stated that plans to increase Value Added Tax…

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