Banks had complained about the previous CRR regime as they saw it as a punitive policy.
They said that this may be the last straw that will cause a devastation of businesses across Nigeria’s economy.
‘It’s up to the CBN to ensure that more of the dollars made available to it is used to take…
It was cut off from power supply after the fire incident that destroyed over 520 shops and properties worth billions…
The CBN has issued revised guidelines on IMTOs, setting a $1m minimum share capital for operators.
The IOC however reported a $28bn 2023 profit despite a 30% drop in earnings.
The government also debunked a report that alleged underhand dealings in the Malabu deal, calling it a compendium of lies.
The apex bank has, to this effect, removed the exchange rate allowable limit for IMTOs.
This after a judge invalidated his $56bn pay package at the electric vehicle, calling it "an unfathomable sum" unfair to…
He said Nigeria pays the lowest tariff for power supply in West Africa, with Ghana, Ivory Coast, Niger paying almost…