The Central Bank of Nigeria, CBN has ordered banks to allow customers to have unfettered access to funds in their domiciliary account.According to the CBN, domiciliary account holders are permitted to utilize cash deposits not exceeding $ 10,000 per day or its equivalent via telegraphic transfer.Director, Corporate Communications, Department, CBN, Dr. Isa Abdulmumin, disclosed this…
The Federal Government and the leadership of the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) will resume talks on petrol subsidy removal palliatives today, Monday, June 19, 2023. Both parties are expected to resolve and harmonise the demands put forward by the labour unions after the removal of fuel subsidy. Confirming this…
AXA, a global insurance and asset management firm, has launched its medical center plan in Nigeria called OneHealth by AXA.During the launch in Lagos, the AXA OneHealth by AXA would house the range of medical solutions that AXA sought to introduce into the Nigerian marketIt expressed its commitment to provide exceptional healthcare solutions in emerging…
The Naira yesterday lost almost half of its value in the official market as the exchange rate in the Investors and Exporters, I&E window rose to N664.04 per dollar from N471.67 per dollar on Tuesday, as the Central Bank of Nigeria, CBN announced measures to liberalise the market including the elimination of multiple exchange rates,…
The Nigeria Labour Congress has called for policies that would bridge the economic inequality gap to address the increasing rate of child labour across the globe.Mr Joe Ajaero, NLC President said this on Wednesday while addressing journalists at the ongoing 111th Session of the International Labour Conference in Geneva, Switzerland.Ajaero was reacting to the address…
President Bola Tinubu has signed the Student Loan Bill into law. An aide to the president, Dele Alake, disclosed this to State House Correspondents on Monday evening.The bill will enable Nigerian students to access loans at interest-free rates. The PUNCH reported that the piece of legislation passed second reading at the House of Representatives on…
OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION PRESS RELEASE PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms…
President Bola Tinubu has suspended Godwin Emefiele as the governor of the Central Bank of Nigeria (CBN). The office of the secretary to the government of the federation announced his suspension. Willie Bassey, director of information, SGF office, in a statement issued on Friday, said the suspension is with immediate effect.
