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    CBN removes saving, withdrawal limits on domiciliary accounts

    The Central Bank of Nigeria has lifted the limits placed on domiciliary accounts.   In a statement by the CBN on Sunday, the new regulation allowed...

    Banks begin deduction of loans from chronic debtors’ accounts

    The Deposit Money Banks are recovering debts owed by chronic debtors from their accounts in other banks to curb the growth of...

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    Electricity subsidy removal calls intensify amid rising industry debts

    As it happened with fuel subsidy, the government and major players in the power sector have all agreed on the need to allow customers...

    Tinubu places three-month ban on foreign trips for ministers, others

    President Bola Tinubu has banned ministers, heads of agencies, and other government officials from embarking on public funded foreign trips. The ban will last for...

    Naira rebounds to N1,400/$ as speculators offload forex

    The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain...