Banks get two weeks to settle complaints

Banks and other financial institutions must settle customers’ complaints on overcharge, unauthorised deductions and other matters within two weeks, the Central Bank of Nigeria (CBN) has directed. Mr Tajudeen Ahmed, the CBN Head of Complaints Management Division, broke the news yesterday. Ahmed reiterated the apex bank’s commitment to eradicating More...

by Kwararafa Reporters | Published 14 hours ago
By Kwararafa Reporters On Wednesday, February 21st, 2018

‘Petrol queues, power failure’ll persist without adequate pricing’

The Federal Government on Tuesday declared that it was important for the country to address issues surrounding the pricing of petroleum products and gas if Nigeria must overcome the challenges in the supply of More...

By Kwararafa Reporters On Monday, February 19th, 2018

CBN bars banks with huge bad loans from paying dividends

The Central Bank of Nigeria has stopped the payment of dividends to shareholders by Deposit Money Banks and discount houses with huge bad loans and low capital base. This is due to the rising non-performing loans More...

By Kwararafa Reporters On Sunday, February 18th, 2018

Scarcity:NBS puts average price of petrol at N191/litre

Many Nigerians are still paying far above N145 per litre pump price of petrol approved by the Federal Government for the product, a report of the National Bureau of Statistics has indicated. The NBS in its Premium More...

By Kwararafa Reporters On Wednesday, February 14th, 2018

World Bank approves $611m to assist Nigeria’s out-of-school children

The World Bank has approved $611 million to support the Nigeria government in tackling the rising statistics of out-of-school children, who are currently put at about 10.5 million. The World Bank Education Specialist More...

By Kwararafa Reporters On Monday, February 12th, 2018

Farmers to access FG’s loans, herdsmen insurance cover

The National Insurance Commission has commenced the pilot implementation of Index-based Agricultural Insurance products in 10 northern states that will give farmers access to the Federal Government loans. The Commissioner More...

By Kwararafa Reporters On Sunday, February 11th, 2018

FG won’t divert N2.4tn capital budget to fund elections –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government’s 2018 capital budget of N2.4tn would be strictly deployed to fund infrastructural projects across the country, particularly the completion More...

By Kwararafa Reporters On Friday, February 9th, 2018

StarTimes Subscribers Hit 4 Million Mark, Invests $220m in Nigeria

Chinese pay per view television, StarTimes, has announced that it now has about four million customers on the network. The figures were given by the Vice President of the company, Mrs. Guo Zi Qi, at the Chinese More...

By Kwararafa Reporters On Thursday, February 8th, 2018

FG borrows $300m from Nigerians abroad

The Federal Government borrowed $300m from Nigerians in the Diaspora before it secured the approval of the National Assembly, the Debt Management Office indicated on Wednesday. The DMO gave this indication in a More...

By Kwararafa Reporters On Wednesday, February 7th, 2018

FEC okays $2.5 billion external borrowing for refinancing

The Federal Executive Council (FEC) on Wednesday approved USD2.5 billion Eurobond external borrowing for refinancing. The Minister of Finance, Kemi Adeosun, disclosed this to State House correspondents at the end More...

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