CBN Moves to Claim Monies in Dormant Accounts, Extends Validity to One Year
The Central Bank of Nigeria (CBN) has issued new guidelines to commercial banks on the operations of dormant accounts which have received no deposit or withdrawal for upwards…
Tinubu Search for Next CBN Governor
The President-elect Bola Tinubu and his aides are beaming their searchlight on who succeeds the current Central Bank of Nigeria (CBN) Governor, Godwin Emefiele.Information Guide Nigeria According to…
PoS Operators Refuse to Roll Back Withdrawal Charges
As Nigeria’s cash scarcity situation continues to ease, customers are expressing disappointment as Point of Sale (PoS) operators have refused to fully reduce their withdrawal charges.Information Guide Nigeria…
Cryptocurrency investors lose $452m to hackers, scammers in three months
De.Fi, an antivirus and app provider firm, has revealed that the Cryptocurrency market lost $452 million to hacks and scams in the first quarter (Q1) of 2023. RIPPLESNIGERIA…
Budget Office paid N19bn to MDAs without approval; Senate demands refund
The Senate has indicted the Budget Office of the Federation for approving N19 billion to four ministries, department and agencies, MDAs, without the approval of the Minister of…
Nigeria spend N3.63trn on debt servicing in 2022
The Nigerian government has spent N3.63 trillion on servicing its external and domestic debts in 2022. This was contained in a data obtained from the Debt Management Office…
DMO reveals why FG’s debt is rising
The Debt Management Office, DMO has attributed Nigeria’s growing debt stock to budget deficits, continuous issuance of promissory notes and other borrowings as well as low revenue generation….
NIMASA: Maritime operators to get $700m funding for vessel acquisition
The Nigerian Maritime Administration and Safety Agency (NIMASA) have said that operators in the maritime sector will get about $700 million to purchase ships.Information Guide Nigeria The director-general…
Lagos, 4 Others Owe 34% Of States’ N5.34trn Domestic Debt
Five states account for more than a third of the total domestic debt owed by the subnational governments in the country. The states are Lagos, Delta, Ogun, Akwa…
Cashless banking demand on the rise
The Central Bank of Nigeria’s (CBN) new naira redesign policy has also led to more customers embracing cashless banking.Information Guide Nigeria THE GUARDIAN reports that with the ongoing…