• CBN warns against warehousing illicit funds • Move welcome development –Experts BY OUR REPORTER When the Central Bank of Nigeria (CBN) Governor, Dr Yemi Cardoso, amplified President Bola Tinubu’s call for the upgrade of the Nigerian economy to $1 trillion GDP at the 58th annual bankers’ dinner last November,Continue Reading

BY GODWIN OBI The Nigerian Shippers’ Council (NSC) has approved negotiated and reviewed haulage rates from Eastern ports to various destinations in the country. The rates approved were in consideration of  cost moderation and cargo transport issues. The negotiations were harmonious and the rates agreed upon were acceptable by allContinue Reading

BY OUR REPORTER Hoodlums have attacked and razed the Neni Divisional Police station in Anaocha Local Government Area of Anambra State. Emerging reports suggest that the attackers numbering about thirty stormed the area at about 2am in the morning on Thursday, wreaking havoc on several buildings. The State Police PublicContinue Reading

BY GODWIN OBI The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interestContinue Reading

BY GODWIN OBI The latest data from the Nigerian Bureau of Statistics says Nigeria’s public debt stock rose 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 In its Nigerian Domestic and Foreign Debt ReportContinue Reading