The consumer price index, CPI, which measures inflation dropped to 11.26percent in October 2018, being 0.02percent points lower than the 11.28percent recorded in September 2018.
The National Bureau of Statistics, NBS, in its latest “CPI and Inflation Report” for October, reports tha [...]
As the 2019 elections draws closer, the Central Bank of Nigeria, CBN, has warned banks against involving themselves in money laundering activities in their financial transactions with politicians.
The Governor of Nigeria’s central bank, Godwin Emefiele, gave the warning while briefing jou [...]
Electricity Distribution Companies operating in the country have been asked to embrace innovative ways of metering so as to significantly reduce the number of unmetered customers in the system.
The Minister of Power, Works and Housing, Babatunde Fashola, gave the charge at the seco [...]
The Securities and Exchange Commission, SEC, has extended the deadline for consolidation of multiple accounts into one account, to December 31, 2019 from the December 31, 2018 initial deadline.
This, the Commission said is to allow more investors to embrace the initiative aimed at reducing uncl [...]
At least N10.53billion out of a total of N12.01billion fraud recorded in the banking sector in 2017 were reportedly carried-out in ten banks.
The latest annual report of the banking sector prepared by the Nigeria Deposit Insurance Corporation, NDIC, shows that, ten banks accounted for about 87. [...]
Poor corporate governance, insider abuse and banking malpractices, were identified as some of the reasons that led to the collapse of Skye Bank Plc.
A risk assessment and forensic investigation reports by the Nigeria Deposit Insurance Corporation, NDIC, identified some of the malpractices that [...]
Nigeria’s capital city, Abuja, is said to be the biggest beneficiary of the $73.08billion worth of proposed investment in 18 states and the FCT during the first 3 quarters of 2018.
The Abuja Inquirer, last week, reported that investors have announced to spend $73.08 billion to execute 65 [...]
Following the shocking discovery of the use of pesticide for the preservation of beans by some vendors in parts of the country, the Standards Organisation of Nigeria, SON, said it will be embarking on massive sensitisation on codes of practice for preservation of the crop.
The Director General [...]
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