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PenCom urges newspaper owners to settle N720 million pension arrears

Nigeria, June 18 -- The National Pension Commission (PenCom) has raised concern over the growing pension debt in Nigeria's media industry, disclosing that newspaper owners owe over N720 million in unr... Read More


Nigerian banking sector stable - CBN

Nigeria, June 18 -- The Central Bank of Nigeria has reaffirmed the resilience of the country's banking sector, even as it introduced temporary restrictions on dividend payouts and other capital distri... Read More


FCCPC warns FCT traders against price fixing, threatens sanctions

Nigeria, June 17 -- The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to market traders in Abuja against price fixing, rebagging substandard goods, and sell... Read More


Renaissance Capital lists major banks affected by CBN dividend suspension policy

Nigeria, June 17 -- Some of Nigeria's largest banks, including Zenith Bank, FirstBank, and Access Bank, are likely to be the most affected by the Central Bank of Nigeria's (CBN) recent directive suspe... Read More


Credicorp: Nigerians to access up to N2 million in interest-free consumer credit

Nigeria, June 17 -- The federal government has unveiled plans to offer Nigerians interest-free consumer credit of up to N2 million under a new Credicorp-backed initiative, the Managing Director of the... Read More


CBN suspends dividend, bonus payments for banks under forbearance

Nigeria, June 15 -- The Central Bank of Nigeria (CBN) has suspended dividend payments to shareholders and bonuses to directors and senior management staff of banks currently benefiting from regulatory... Read More


How Tinubu rescued Nigeria's economy from collapse - Governor

Nigeria, June 14 -- Governor Chukwuma Soludo of Anambra State has said President Bola Tinubu's administration rescued Nigeria from the edge of economic collapse and restored public finance to solvency... Read More


MRS Oil Nigeria announces resignation of non-executive director

Nigeria, June 14 -- MRS Oil Nigeria Plc has announced the resignation of Amina Maina as a non-executive director of the company, effective 11 July. In a statement signed by the company secretary, Olu... Read More


CBN denies extending BDC recapitalisation deadline

Nigeria, June 13 -- The Central Bank of Nigeria (CBN) has dismissed media reports claiming it has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until 31 D... Read More


World Bank keeps Nigeria's 2025 growth forecast at 3.6%, cuts global outlook

Nigeria, June 12 -- The World Bank has maintained its projection that Nigeria's economy will grow by 3.6 per cent in 2025, even as it downgraded global growth expectations due to rising trade tensions... Read More