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Senator Isah Jibrin confirmed that the Senate’s investigation into the ₦30 trillion Ways and Means loans from the CBN is ongoing, dispelling rumors of abandonment. Senator...
President Bola Tinubu has on Sunday received a symbolic gold bar from Dele Alake, the Minister of Solid Minerals Development. Eko Hot Blog reports that, the...
The NIMC has confirmed that Nigerians will start using the new three-in-one identity card with payment and social service features by August 2024, with testing and...
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank, a prominent commercial bank in Nigeria. This...
200+ CBN officials terminated, adding to ongoing disengagements. Various positions affected, including directors and lower-ranking staff. Staff apprehensive due to lack of specified criteria for decisions....
Emefiele Loses $4.7m, N830.8m, Properties To FG The order was issued by Justice Yellim Bogoro after an ex-parte application by the EFCC. The forfeited properties include...
Recent Bloomberg report identifies Nigeria’s naira as worst-performing currency Naira hits record low against dollar, attributed to severe shortage of US dollars in local market. Volatility...
Reps instructs CBN to halt cybercrime levy implementation. Minority Leader, Kingsley Chinda, moves urgent motion; House demands CBN withdraw circular. Circular causes confusion; Nigerians apprehensive; levy...
No Suspension Of Cybersecurity Levy’ – Reps Stands Firm, aligning with CBN’s directive. CBN mandates 0.5% cybersecurity levy on electronic transactions for financial institutions. Lawmakers express...
President of the Africa Fintech Network (AFN), links regulatory issues for Nigerian fintechs to their dynamic business models. Recent CBN directive halting customer onboarding by fintechs...