Banking and Finance

Following rising complaints from customers of commercial banks in Nigeria over incidences of multiple and indiscriminate charges and debits on their accounts, the Central Bank of Nigeria (CBN) has promised to ensure that affected customers get redress on their complaints. A spokesman…

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), will commence charging regulatory fee on fixed income secondary market transactions with effect from January 1, 2022. In a circular released yesterday, SEC stated that the commencement of regulatory fee on bonds and…

The Board of Directors of the African Development Bank, AfDB, has approved a loan of $170 million to finance a digital and creative enterprises program in Nigeria. The investment in Digital and Creative Enterprises Program, i-DICE, is a Federal Government of Nigeria initiative…

The World Bank has approved a 700 million dollar credit from its International Development Association, IDA, for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes, ACReSAL, Project. It said this in a statement issued in Washington on Thursday. According to it, the project will…

In addition, the federal government has ordered all banks still holding on to government funds “to transfer all remaining balances in the accounts of Federal Government owned MDAs in their custody without express exemption to the TSA”. Minister of Finance Budget and…