Business

16 Commercial Banks Fail to Remit N1.6bn to FG —Reps

16 Commercial Banks Fail to Remit N1.6bn to FG —Reps

Business May 24, 2019 at 8:40 am 0 comments

The House of Representatives has recommended that 16 commercial banks be penalised for not remitting N1.6 billion stamp duties into the federation account.
The House made the recommendation on Thursday when it adopted a report on non-remittance of trillions of naira of

Read more ›
CBN gov sets up panel to revive 50 textile firms

CBN gov sets up panel to revive 50 textile firms

Business May 17, 2019 at 9:05 am 0 comments

The Central Bank of Nigeria is targeting to revive at least 20 textile companies before the end of the 2019 fiscal period.
The move is contained in the technical cooperation proposal for revamping the cotton , garment and textile sector in Nigeria .
The proposal was made available to our

Read more ›
Senate Committee approves second term for Emefiele as CBN Governor

Senate Committee approves second term for Emefiele as CBN Governor

Business, News May 15, 2019 at 6:56 pm 0 comments

The Senate Committee on Banking, Insurance and other Financial Institutions on Wednesday approved a second term for the Central Bank of Nigeria, CBN, Governor, Godwin Emefiele.
The committee also dismissed allegations of stolen N500 billion at the CBN.
Chairman of the Committee, Rafiu Ibrahim, said the allegations were targeted at

Read more ›
Business: 130 textile firms died to lack of power, finance, others – Emefiele

Business: 130 textile firms died to lack of power, finance, others – Emefiele

Business May 8, 2019 at 9:34 am 0 comments

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele has said that no fewer than 130 textile companies have died in the country in recent times due to some constraints.
Emefiele made the statement during a courtesy call on Gov. Aminu Masari of Katsina State on Monday.
‘’Textile

Read more ›
Bank customers lose N3.6bn to cyberfraud

Bank customers lose N3.6bn to cyberfraud

Business, Crime, News May 6, 2019 at 9:43 am 0 comments

A total of 63 ,895 bank customers lost N 3. 6bn to cyberfraud in two years , 2017 and 2018, the Nigeria Electronic Fraud Forum has disclosed .
The Chairman , NeFF , Sam Okojere , who is also the Director , Payments System Management Department, Central Bank of Nigeria

Read more ›
Federal Govt. not removing fuel subsidy – Finance Minister

Federal Govt. not removing fuel subsidy – Finance Minister

Business, News April 18, 2019 at 10:07 am 0 comments

The Minister of Finance, Mrs Zainab Ahmed, on Wednesday refuted media reports that the Federal Government had agreed with the International Monetary Fund’s (IMF) advice on the removal of fuel subsidy.
The minister stated this when she fielded questions from State House correspondents after the meeting of the Federal Executive

Read more ›