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Nigeria Plans New Auto Industrial Park to Boost Local Manufacturing, Competitiveness

Osanipin also disclosed efforts to boost local manufacturing of component spare parts in the country as this remained a key foundation of the auto...

CBN to Fine Banks N150 Million Per Branch for Diverting Mint Naira Note To Hawkers

Subsequent infractions, the CBN warned, would attract stricter sanctions under the provisions of the Banks and Other Financial Institutions Act (BOFIA) 2020. ARISENEWS: Read More

Tony Elumelu Champions AI, Strategic Partnerships as Catalysts for Africa’s Growth, Sustainable Development

Speaking at the graduation lecture for participants of the Executive Intelligence Management Course (EIMC) 17 of the National Institute for Security Studies, Bwari, Abuja,...

NHIA, States Move to Maximise $669m Global Fund Support for Health Insurance

The financing was announced by the Fund in February in line with its 2023-2028 strategy which aims to support health financing systems to improve...

Nigeria Records N1.88 Trillion Trade Surplus in Third Quarter

Total imports stood at N8.46 trillion, creating a trade surplus of N1.88 trillion. ARISENEWS: Read More

CBN Raises Tenure Limit for Banks’ Chief Executives to 12 Years

The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum of 12 years from...

CBN: FX Reforms Aimed at Transparency, Liquidity, Discouraging Speculation

CBN also announced that going forward domiciliary account holders were permitted to utilise cash deposits not exceeding $10,000 per day or its equivalent via...

Wale Edun: Nigeria Will Unify Exchange Rates Within 3 Months

An influential member of  President Bola Ahmed Tinubu’s advisory board, Mr. Wale Edun, has said the country would unify its exchange rates “imminently”. ARISENEWS: Read...

CBN Revokes Operating Licences of 183 Microfinance, Primary Mortgage Banks 

The Central Bank of Nigeria (CBN), on Tuesday, announced the revocation of operating licenses of 179 Microfinance Banks (MFBs) and four Primary Mortgage Banks (PMBs). ARISENEWS:...

CBN Governor Emefiele Urges Banks, Telcos to Resolve USSD Dispute in Interest of Consumers

This was just as the CBN governor launched the SabiMONI e-Learning Platform, a fully digital national e-learning portal that provides a knowledge base for...

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