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The Central Bank of Nigeria has said the current cash scarcity is caused by commercial banks making large withdrawals from its branches nationwide. The development comes as Point of Sale…
French major TOTALEnergies has announced the Ntokon oil and gas discovery on OML102 offshore Nigeria. Located in shallow waters, 60 km off the southeast coast of Nigeria. “The Ntokon-1AX discovery…
Shubham Chaudhuri, the Country Director World Bank for Nigeria, said Africa’s most populous nation has no choice but to borrow to finance its 2023 budget deficit. Chaudhuri disclosed this during…
The Central Bank of Nigeria (CBN) has issued a 30-day ultimatum to Nigerian banks to close bank accounts without BVN This is aimed at promoting safer, more reliable, and more…
The World Bank has been asked not to disburse the $800m loan sought by President Muhammadu Buhari’s administration. This was disclosed in a letter to the global financial institution by…
Peter Obi, the 2023 presidential candidate of the Labour Party, made an appearance at the May Day rally in Abuja’s Eagle Square. Fidelityreporters.com reports that the presidential candidate was greeted…
The Central Bank of Nigeria (CBN) has distanced itself from reports claiming it plans to phase out the newly redesigned naira notes. Fidelityreporter.com reports that the CBN debunked the report…
There is palpable tension among the top echelon of the management of Polaris Bank over the huge number of customers demanding to either withdraw their last amount in the account…
An Oil and Gas Expert, Prof. Olanrewaju Aladeitan, has lauded the new oil and gas discoveries in Nigeria, which indicate that the country has huge gas reserves. The expert said…