Power Ministry, NNPC, CBN sign disbursement agreement for N213bn CBN Intervention Fund

By Etuka Sunday All is now set for the nation’s electricity market to takeoff following the disbursement agreements of the N213 billion Central Bank of Nigeria (CBN)’s intervention fund signed yesterday by the stakeholders. Recall, Federal Government announced the N213-billion…

Estate developer urges CBN to release list of recapitalised mortgage banks

The President, Real Estate Developers Association of Nigeria (REDAN),Mr Bode Afolayan on Tuesday urged the Central Bank of Nigeria (CBN) to release the names of recapitalised Primary Mortgage Institutions (PMIs). Afolayan made the appeal in an interview with the News…

CBN encourages Niger State Govt to begin Cashless transactions

From Yakubu Mustapha,Minna The Central Bank of Nigeria (CBN) has urged Niger state government to start cashless transactions as it presented its cashless policy to the Government and people of the state and encouraged it not to use cash in…

CBN confirms Lamis Dikko as Unity Bank Chairman

By Etuka Sunday The Central Bank of Nigeria has confirmed the appointment of AlhajiLamisDikko as the Chairman of the Board of Directors of Unity Bank Plc. The approval was contained in a letter from the apex bank dated April 22,…

Missing $20bn: NPDC denies receiving $6bn from NNPC

By Patrick Andrew The Nigeria Petroleum Development Company (NPDC) has sharply contradicted Nigeria National Petroleum Corporation’s (NNPC) claim that the sum of $ 6 billion was transferred to company by denying that it did not receive any such lump sum…