PM News Nigeria


Traders want CBN to increase circulation of lower denomination Naira notes

Sarah Alade Acting Central Bank of Nigeria Governor

Some traders in Lagos have appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by injecting adequate lower denomination Naira Notes into the system. The traders said dearth the of lower Naira notes was hampering free flow of business activities. Ayisat Bello, a stall owner at Ayobo market, said the […]

FRCN Probe: Court Fixes 12 May For Verdict

•Sanusi Lamido Sanusi

Akin Kuponiyi  A Federal High Court sitting in Lagos State, southwest Nigeria, Friday adjourned till 12 May this year to deliver judgment in a suit filed before the court by the suspended Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, against Financial Reporting Council of Nigeria, FRCN, and its Executive Secretary. Sanusi is […]

CBN charges for currency sorting when banks fail to do so

Naira bundles

The Central Bank of Nigeria (CBN) says it does not charge Deposit Money Banks (DMBs) for Currency Sorting Services for pecuniary benefits. The Acting Director of CBN Corporate Communications, Mr Isaac Okoroafor, said this when he briefed newsmen at the Spring Meeting of the World Bank and International Monetary Fund in Washington DC. “The CBN […]

IMF has changed, says Largarde

IMF chief,  Christine Lagarde, right

The International Monetary Fund has changed and no longer imposes tough “structural adjustment” programs as it did in poor countries two decades ago, IMF chief Christine Lagarde said Saturday. Told by a journalist from Ghana that many people there had “a phobia for the IMF” due to the harsh conditions of its past structural adjustment […]

Power Outage Stalls Sanusi’s Case

•Sanusi: accuses NNPC of fraud

Akin Kuponiyi Power outage forced a Federal High Court sitting in Lagos State, southwest Nigeria, Friday to adjourn till 17 April the case instituted by the  suspended Governor of Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi, against Financial Reporting Council of Nigeria, FRCN, and its executive secretary. Sanusi’s counsel, Kola Awodehin (SAN) leading six […]

Kwara state to float N23 billion bond

Governor Abdulfatah Ahmed: to raise N23billion through bond

Stephen Oni/Ilorin Kwara state government is to access N23billion bond from the capital market to execute infrastructural projects in the state. The government is taking this decision while repayment of the N17billion bond accessed from the market in 2009 was yet to be completed. But the state commissioner for Finance, Ademola Banu, who disclosed government’s […]

About 67.5 per cent of Nigerians don’t have bank accounts

Henry Semenitari: only 32.5 per cent of Nigerians have bank accounts

The Managing Director of Unity Bank Plc, Henry Semenitari, said in Abuja that only about 32.5 per cent of people living in the country had bank accounts. Semenitari made the disclosure while making a presentation on “Financial Inclusion through Agency Banking” at a three-day Co-operatives Summit and Leadership Forum. “Many Nigerians are unbanked and financially […]

Log in | Designed by Gabfire themes