Policy

Hadiza Bala Usman Begins NPA Clean Up
Policy

Hadiza Bala Usman Begins NPA Clean Up

Less than two months after she was appointed to head the Nigerian Ports Authority, NPA Hadiza Bala Usman might have started the clean up of the agency regarded as a seemingly-corrupt enterprise. Latest reports about the NPA suggests that a massive fraud of about NGN11.3 billion has been detected. According […]

CBN Orders All Bankers To Declare Assets
Policy

CBN Orders All Bankers To Declare Assets

In line with the latest anti-corruption drive of the government, the Central Bank of Nigeria, CBN has ordered all bankers to declare their assets. The Code of Conduct Bureau (CCB) is the agency set up by the Federal Government of Nigeria with the primary responsibility of checking corrupt practices in the […]

Nigeria To Sell NGN110 Billion In Bonds
Policy

Nigeria To Sell NGN110 Billion In Bonds

In line with its fund raising drive, the Debt Management Office, DMO has announced that it will be sell a total of NGN110 billion in Naira denominated bonds next week. The first bond valued at NGN40 billion will mature in 2036, the NGN30 billion of bond will mature in 2026 and […]

NSE Announces New Listing And Brokerage Fees
Policy

NSE Announces New Listing And Brokerage Fees

The Nigerian Stock Exchange, NSE said it has made revisions to listing and trading fees for securities listed and traded on its Fixed Income Market. The new fee structure will be effective from August 17, 2016, will be piloted for an initial six month period, and then evaluated to determine […]

Nigeria’s Power Ministry Now Private Sector Driven
Policy

Nigeria’s Power Ministry Now Private Sector Driven

Nigeria’s federal minister of power, works and housing, Mr. Babatunde Raji Fashola, has revealed the new workings of the federal ministry of power. At a town hall meeting, Fashola said the new power sector has been restructured from a government operated sector, to a regulatory and policy based ministry. He […]

CBN Banned Forex Dealers From Auction Windows
Policy

CBN Banned Forex Dealers From Auction Windows

To prevent the usual manipulation and sharp practices in the Forex market, the Central Bank of Nigeria has restricted Forex dealers from accessing the discount window of the CBN on the settlement date for government securities’ auctions. In a statement released by the CBN, the apex bank said the decision […]

CBN Extends BVN Registration
Policy

CBN Extends BVN Registration

The CBN has announced an extension to the compulsory Bank Verification Number, BVN registration exercise. In a press release signed by Dipo Fatokun Director, Banking & Payments System Department, he said the new date for all customers to register has been extended to the 1st of January, 2016. See statement below: […]