Business

The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. The apex bank Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday, the claim is completely false,…

The Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan has commended the Judiciary and Nigerian Bar for collaboration with the Corporation in the diligent and timely prosecution of failed bank cases over the years. Hassan gave the commendation in Abuja at the sensitization seminar for external…

9mobile, Nigeria’s innovative and customer-friendly telecommunications company, affirmed that its business is on the path of a resurgence following the enormous investments into its network operations and a strong commitment by the board and management to aggressively reclaim market share. This assertion was made at its Annual Channel Partners Conference…

The Group Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake has expressed delight upon the completion of the listing of the firm’s N300bn series 1 and 2 Bonds on Nigerian Exchange Limited, commending the depth of capital market. This was said at the Closing Gong Ceremony commemorating the listing…

The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities. Accordingly, investors lost N622 billion in value as market capitalisation declined to N29.281 trillion from N29.903 trillion recorded at the previous session.…

Concisedaily  News -The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has also directed all commercial banks to open for operation…

ConcisedailyNews – The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has felicitated Nigerian women and called for more engaging conversations on how women can leverage technology and innovation to bridge the digital gender gap.  Mr. Emefiele, in his keynote address at the CBN IWD webinar to commemorate…

The Central Bank of Nigeria, CBN, declared on Monday that the old N200, N500 and N1000 banknotes remain legal tender alongside the redesigned banknotes till Dec. 31, 2023. It said in a statement issued by its Acting Director, Corporate Communications, Alhaji lsa AbdulMumin that the decision was reached at a…

The Debt Management Office (DMO), on Monday offered two Federal Government of Nigeria (FGN) Savings Bonds for subscription at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due in March 15, 2025, at interest rate of 465 per cent per annum. The…

 The Central Bank of Nigeria (CBN), has disclosed that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP) stood at N0.503 trillion, representing 52.39 per cent, adding that the balance of N0.119 trillion was not due for repayment. The apex bank said it remains…