Oil-producing states borrow N1.3tn amid N6.4tn windfall
The overall indebtedness of ten oil-producing states increased from N2.04tn in December 2015 to N3.35tn in June 2022, according to the Debt Management Office’s statistics on subnational debt….
Code to transfer money from Ecobank to other banks and how to use it
Customers can now complete transactions without visiting the bank because of the advancements made in modern banking. When it comes to inventive ideas, Ecobank Nigeria is not behind….
CBN defends naira with $11.24bn in seven months
The Central Bank of Nigeria injected $11.24bn into the economy to stabilise the value of the naira from January 2022 to July.Information Guide Nigeria This information was acquired…
N2.7trn In Circulation Outside Of Banking Sector – CBN
The Central Bank of Nigeria has said Tuesday said that of the N3.2 trillion in circulation, N2.7 trillion is outside the banking sector.Information Guide Nigeria The Deputy Director,…
Non-oil exporters repatriated $4.99bn in 2022 – CBN Governor
The Central Bank of Nigeria says that The Governor of the CBN, Mr Godwin Emefiele has said that non-oil exporters repatriated the sum of $4.99 billion into Nigeria…
Pension assets hit N14.9trn as govt borrows N8trn
The National Pension Commission (PenCom) has revealed that pension fund assets have increased to N14.59 trillion as of the end of October 2022.Information Guide Nigeria RIPPLES NIGERIA reports…
FG Pays ASUU lecturers’ November salary, withholds arrears
Some members of the Academic Staff Union of Universities (AUU) have received full salaries for the month of November 2022 although their eight-month arrears remained withheld by the…
CBN blames limited time for ‘simple’ design of new naira notes
The Central Bank of Nigeria (CBN) has identified limited time to tackle the problems of counterfeiting and hoarding of currency as the reason for the simple appearance of…
CBN Finally Reacts to Alleged Plans to Print 5,000 Naira Notes
The Central Bank of Nigeria (CBN) has ruled out the introduction of the N5000 note in Nigeria. This was revealed by CBN’s Director of Currency Operations, Ahmed Umar,…
UBA’s REDTV to empower creative industry talents
The United Bank for Africa’s lifestyle and entertainment channel, REDTV, has stated that it will support the youth and creative industries.Information Guide Nigeria Obinna Okerekeocha, Creative Director of…