CBN Exempt Embassies And Donor Agencies from Cashless Policy

The Central Bank of Nigeria said it has exempted all embassies, diplomatic missions, multilateral and aid donor agencies in Nigeria from penalties and charges on cash withdrawal and deposits with regards to the cashless Nigeria project.

Nigeria Foreign reserves drop again

Data released by the Central Bank of Nigeria (CBN) yesterday showed that Nigeria's foreign exchange reserves fell from $35.03 billion to $34.74 billion as of February 27, 2012.

JAIZ Bank to open more branches in Nigeria

  Nigeria’s first non-interest bank, Jaiz, said it is targeting to open 13 branches from its current three before the end of the year.

Ammunitions To Nigeria intercepted in Ghana

The Greater Accra Police command has impounded a truckload of ammunition said to be on its way to Nigeria.

Five people, some of who are Ghanaians and Nigerians have been arrested, Greater Accra Regional Police Commander, Rose Bio Atinga confirmed in an interview with Joy News’ Annie Osabutey.

The ammunition include pump action guns, double barrelled guns and an unspecified number of cartridges, Atinga confirmed.

UN Dissociate self from Nigeria Fuel Subsidy removal #occupynigeria

The United Nations (UN) office in Nigeria has said that the remarks by the Special Adviser to the United Nations (UN) Secretary General, Prof. Jeffery Sachs which implied that the global body welcomes the policy on deregulation does not convey any official position of the UN

PHCN Nigeria Liquidated; Private operators emerged #occupynigeria

THE wind of change blowing across the public sector has swept away the Power Holding Company of Nigeria (PHCN). In its stead, 18 successor firms have emerged.

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Senate lists of Cabal on Fuel Subsidy

Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September 2011 in pursuit of importation of refined petroleum products.

Open Letter to Dr Ngozi Okonjo Iweala

I would have wanted to also address in this letter, Mrs. Diezani Allison Maduekwe and Dr Goodluck Ebele Jonathan, but, since Nigerians don’t really know who you people are, except that Mrs. DAM was one of the top-staff in Shell, and is the First Minister of Petroleum Resources in Nigeria at least according

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The First Bank Graduate Trainee quiz; Are you preparing for the first bank quiz in their graduate recruitment and need an hint to some of the questions asked and the answers, then read on

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CBN roles out guidelines for cashless Lagos

The Central Bank of Nigeria (CBN), yesterday, released guidelines for the implementation of cash policy for cashless Lagos.
In a statement posted on its website, CBN said the move was to provide clarifications on the application of the Cash Policy for the pilot project, which is set to commence on January 2012.

Standard Chartered targeting islamic banking in Nigeria and Oman

Standard Chartered is in discussions with regulators to offer Islamic banking services in Nigeria and Oman, now that both countries are revamping their regulatory environments to encourage Islamic finance, the bank's global head of Islamic banking said on Sunday.

How to make money printing recharge cards in Nigeria

Printing of recharge card is a lucrative business that can make you rich within a short period of time. You don’t need to go for seminar or purchase any materials before you can start recharge card business because if a primary school boy should read this post, am sure he will be able to start a recharge card business. In this post, you will learn how you can be printing recharge card yourself, the price quotations of each recharge cards denominations, and you will also be given the contact of dealers of recharge cards.

Foreign exchange; Naira lowest against the dollar in 2years

The naira on Wednesday fell to its lowest level in over two years against the United States’ dollar. This, according to foreign exchange dealers, is as a result of the continued inability of the Central Bank of Nigeria to meet the demand for the dollar; a development which they said had stretched for straight 21 days.

Shoprite now in Enugu state

Governor Sullivan Chime of Enugu State has said that the grand opening of the Shoprite Complex at the Polo Field Shopping Mall in Enugu would help boost the socio-economic lives of the state. Governor Chime who was speaking through his deputy, Mr. Sunday Onyebuchi at the opening ceremony of the

Alarm over Nigeria Budget

NINE months into  the fiscal year, the Minister of Finance, Dr Ngozi Okonjo-Iweala, has stated that there is no record of implementation as far as the 2011 budget is concerned.

FG Brainstorms on Globacom's Offer for NITEL

The Federal Government might have considered Globacom’s bid to acquire the Nigerian Telecommunications Limited (NITEL) through the willing buyer, willing seller option.

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Federal Govt of Nigeria earned N 3.5trn in 6months

The sum of N3.5tn was realised by the Federal Government as revenue in the first six months of this year, the Minister of National Planning Commission, Dr. Shamsudeen Usman, has said.
The minister gave the figure in Abuja at a media briefing to mark President Goodluck Jonathan’s 100 days in office.

Banking System in Nigeria; CAN proposes Christian Banking

Pastor Ayo Oritsejafor, The president of Christian Association of Nigeria, CAN, made some remarks yesterday in Benin City, Edo State, indicating that Christians in Nigeria are considering having their own

version of non-interest banking after the Swedish model. He said this in relation to the ongoing plan to introduce Islamic banking to the West-African country.