ShareBy Aluta News March 29, 2024 The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billionContinue Reading
ShareBy Aluta News March 27, 2024 Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars ) in the fourth quarter of 2023. The National Bureau of Statistics (NBS) said this on Tuesday in its NigerianContinue Reading
ShareBy Aluta News March 26, 2024 Police in Katsina State have rescued five persons suspected to have been kidnapped while travelling from Abuja to Zamfara. Police spokesman, ASP Abubakar Sadiq-Aliyu, confirmed the rescue when he spoke with the News Agency of Nigeria (NAN) in Katsina on Tuesday. He said aContinue Reading
ShareBy Aluta News March 22, 2024 Hajia Aisha Mahmud, Commissioner, Customers Affairs, Nigerian Electricity Regulatory Commission (NERC), has cautioned electricity consumers against self- procurement of transformers, cables and accessories without formal agreement with distribution companies. Mahmud gave the warning at the commission’s three-day Customers Complaints Resolution Meeting with Eko ElectricityContinue Reading
ShareBy Aluta News March 21, 2024 The Central Bank of Nigeria (CBN) says all valid foreign exchange backlogs have now been settled. This is according to a statement by CBN’s Acting Director, Corporate Communications, Mrs Hakama Sidi. Sidi said that the step was in fulfilment of a key pledge ofContinue Reading
ShareBy Aluta News March 21, 2024 The First Bank of Nigeria Ltd. has assured its customers of opportunities to experience world-class innovative banking services through the bank’s Digital Xperience centres. First Bank Managing Director Adesola Adeduntan announced this at the inauguration of the bank’s Digital Xperience centre in Banana Island,Continue Reading
ShareBy Aluta News March 19, 2024 The three tiers of government – Federal, state and local governments – shared N10.143 trillion from the Federation Account as statutory revenue allocations in 2023. Dr Orji Ogbonnaya Orji, Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), said this in a report on theContinue Reading
ShareBy Aluta News March 15, 2024 The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 31.70 per cent in February 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for February, which was released in Abuja on Friday. According to theContinue Reading
ShareBy Aluta News March 15, 2024 Federal Competition and Consumer Protection Commission (FCCPC) has described the astronomical increase in the price of sachet water as unacceptable. Acting Executive Vice-Chairman of FCCPC, Dr Adamu Abdullahi, stated this at an event to commemorate the 2024 World Consumer Rights Day in Abuja onContinue Reading
ShareBy Aluta News March 13, 2024 The World Trade Organisation(WTO) has inaugurated a 1.2 million dollar programme to improve export standard of Nigeria’s sesame and cowpea products. The WTO Director-General, Dr Ngozi Okonjo-Iweala, said this at the lnauguration of the Seven Trade support programmes for Nigeria initiated by the WTO,Continue Reading
