Money

NDDC DENIES CLAIMS OF MISSING FUNDS

The Niger Delta Development Commission (NDDC) has denied allegations that N183.7 billion of the commission’s funds cannot be accounted for between 2008 and 2012. The NDDC...

KADUNA SAVES N221M, SEE HOW

Governor Nasir el-Rufai of Kaduna State on Saturday said the state has saved N221.81m on its decision not to sponsor pilgrims to the 2015 Hajj. The governor, in a state broadcast,...

U.S. TO TRAIN NIGERIAN FARMERS

The United States of America have announced that they will assist, as well as train Nigerian farmers in the next agricultural planting season. This is part of the dividends being...

KPMG, PWC TO AUDIT FG REVENUE GENERATING AGENCIES

The Presidential Committee set up to probe the Excess Crude Account (ECA) has engaged two financial auditing firms to audit the accounts of all Federal Government revenue...

SENATE APPROVES $75M WORLD BANK LOAN FOR EDO STATE

The Nigerian Senate, on Thursday, approved the $75million World Bank’s Development Policy Operation loan for Edo State. President Muhammadu Buhari had sought the approval of the...

NNPC TO BECOME SOLE IMPORTER OF PETROLEUM PRODUCTS

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the Federal Government is doing everything within its power to make sure that only the Nigerian National...

CBN SELLS DOLLARS, STRENGTHENS NAIRA ON PARALLEL MARKET

The Central Bank of Nigeria (CBN) sold $80 million to bureaux de change (BDC) operators on Wednesday at N197 to a dollar. The president of the association of forex dealers said...

CBN CONFIRMS NEW UNITY BANK MD

The Central Bank of Nigeria (CBN) has confirmed the appointment of Mrs. Tomi Somefun as the new Managing Director/Chief Executive Officer of Unity Bank Plc. The confirmation came...

NIGERIAN BANKS VIOLATE CBN DAILY LIMIT ON ATM CASH WITHDRAWAL

The Central Bank of Nigeria (CBN) has berated the tweaking some Nigerian banks have effected in their Automatic Teller Machine (ATM) services as well as some measures they...

CBN GOVERNOR SUMMONED OVER BAN OF FOREIGN CURRENCY DEPOSITS

The House of Representatives on Tuesday summoned the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to explain the recent policy directing commercial banks to...

BANKS FURTHER REDUCE DAILY WITHDRAWAL LIMITS ON ATM

In the new arrangement, all ATMs that were enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs from N150,000 per day to...