The Central Bank of Nigeria (CBN) backstopped a total of N2.8 trillion in support loans to the Federal Government in 2020. This follows the FG’s failure to
As fear over unavailability of cash looms By Chioma Obinagwam Some bank customers who were unable to withdraw cash from the Automated Teller Machines (ATMs) of
Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has said that it will soon begin recapitalisation programme in the Nigerian banking sector to enable it
By Chioma Obinagwam Seplat Petroleum Development Company Plc has vowed to sue Access Bank Plc for sealing its Corporate Headquarters located at Ikoyi in Lagos State, Nigeria.
The Nigerian Communications Commission (NCC) has directed Mobile Network Operators to immediately suspend the sale and activation of new SIM cards to allow an audit of the
By Chioma Obinagwam The Monetary Policy Committee (MPC) of Nigeria’s apex monetary authority– the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at
By Chioma Obinagwam Nigeria’s central monetary authority, Central Bank of Nigeria (CBN) has announced Oyinlomo Quadre and Joseph Imem as champions in the female and male singles
Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN) has obtained a court order freezing the accounts of 19 individuals and a public affairs company linked
By Chioma Obinagwam Fidelity Bank has said its Profit After Tax (PAT) increased by 7.1 percent in the third quarter (Q3) 2020. Confiance News gathered from its
By Chioma Obinagwam Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and