CBN Announces New Withdrawal Limit and Removes Deposit Cap
The Central Bank of Nigeria (CBN) has implemented significant changes to its cash management policies, introducing new withdrawal limits while eliminating the cumulative deposit...
Banks Raise Withdrawal Limit to N50,000
Deposit Money Banks in the Federal Capital Territory have increased their maximum over-the-counter withdrawal limit to N50,000 per day.
A survey on Tuesday revealed that...
Dangote Backs Tinubu’s CNG Drive with N460bn Investment in Trucks, Others
As a demonstration of support for President Bola Ahmed Tinubu’s CNG Initiative, Dangote Cement Plc, has invested $280 million (over N460bn) in compressed natural...
Our Interventions Have Produced Encouraging Outcomes – Cardoso
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says “strategic interventions” of the apex bank have produced encouraging outcomes.He said, “Banks are...
SERAP seeks reversal of petrol price to N600 per litre
The Socio-Economic Rights and Accountability Project has filed a lawsuit against President Bola Tinubu, requesting a reduction in the petrol price from N845 per...
Atiku Warns Against VAT Increase
Former Vice President Atiku Abubakar has warned that the resolution by the President Bola Tinubu led administration to raise the Value Added Tax (VAT)...
Oil sector: I’ll reveal the truth when time comes – Kyari
The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has said he will reveal the truth about the company’s...
NNPC To Deliver Gas Revolution With OB3 Pipeline Project
In an effort towards boosting nationwide gas supply and drive industrialization and economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) is set...
NNPC denies inflating petrol subsidy claims by N3.3tn
The Nigerian National Petroleum Company Limited, on Monday, denied reports that it inflated the subsidy on Premium Motor Spirit, popularly called petrol, by N3.3tn...
Nigeria’s inflation rate drops 14% by 2029, IMF predicts
Nigeria’s inflation rate is predicted to stabilize at 14 per cent in 2029, indicating a potential end to the current upward trend according to...
