The Federal Government and key stakeholders in the electricity industry, yesterday, raised concerns over the huge gap in access to electricity in rural communities, stressing that the N140b facility provided by the Central Bank of Nigeria (CBN) remained a leeway to the projected National Energy Plan. Amid the high rate of rural-urban migration, challenges faced […]
The Central Bank of Nigeria (CBN) has announced policies, plans and programmes for non-oil exports that will enable Nigeria earn 200 billion U.S. dollars in foreign exchange repatriation. The CBN Governor, Mr Godwin Emefiele, made the announcement virtually at post-Bankers’ Committee news briefing on Thursday to unveil new initiatives to boost the nation’s economy. Emefiele […]
The Central Bank of Nigeria (CBN) has slashed charges for Automated Teller Machine (ATM) withdrawal and inter-bank transfers. CBN’s review of the charges was contained in its revised guidelines to charges by banks, other financial institutions and non-bank financial institutions. ATM withdrawals that attract a service charge of N65 will now be N35 after the […]