The Central Bank of Nigeria (CBN) has affirmed the resilience of the Nigerian banking industry, emphasizing that key financial soundness indicators are well within regulatory thresholds. This clarification comes in…
Business & Economy
NPA, World Bank partner to revamp Nigeria’s decaying port infrastructure
The Nigeria Port Authority, NPA, and World Bank are working on a partnership towards revamping Nigeria’s decaying port infrastructure. Managing Director of NPA, Mohammed Koko, disclosed this on Tuesday through…
Nigeria Sovereign Investment Authority hands over second Niger bridge to Federal Government
The Nigeria Sovereign Investment Authority has said that the Second Niger Bridge, linking Southeastern Nigeria to other regions, was implemented through the Presidential Infrastructure Development Fund (PIDF), with NSIA acting…
Kwara Government Pledges Expansion of Infrastructure, Improved Business Climate
In a commitment to bolster economic growth and enhance the business environment in Kwara State, Governor AbdulRahman AbdulRazaq officially opened the 10th Kwara Trade Fair in Ilorin on Monday. During…
Nigeria records N948.07bn VAT in Q3 202, says NBS
The National Bureau of Statistics said the aggregate Value Added Tax stood at over nine hundred billion naira in the third quarter of 2023. This is according to the VAT…
Central Bank Of Nigeria Suspends Processing Fees Previously Charged On Cash Deposits
The Central Bank of Nigeria (CBN) has immediately suspended the processing fees of two percent and three percent previously charged on all cash deposits above certain thresholds. This suspension shall…