Loan To Deposit Ratio Remains 65%, CBN Tells Banks

The Central Bank of Nigeria (CBN) says the minimum loan to deposit ratio for commercial banks would remain at 65% in the interim.   In a...

Nigeria’s Economy May Grow Better If Fuel, Electricity Subsidies Are Removed -Segun Agbaje

Segun Agbaje, the chief executive officer of Guaranty Trust Bank, says the economy may record better short-term growth if subsidies on fuel and electricity...

Electricity Tariff Not Yet Increased – FG

The Federal Government through the Nigerian Electricity Regulatory Commission has said there won’t be increase in electricity tariff without consultations. The Chairman of NERC, Prof....

NUEE Faults Power Sector Privatisation

The General Secretary, National Union of Electricity Employees (NUEE), Joe Ajaero, has declared that the power sector privatization, from onset was not meant to...

NERC Orders DisCos To Increase Tariff From Jan 1

The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 electricity distribution companies (DisCos) to increase their tariff effective from January 1, 2020.   The NERC...

Discos Won’t Accept Cash Payment For Electricity Bills From March 31

The federal government has ordered electricity distribution companies (DisCos) to adopt electronic platforms for the payment of energy bills across the country.   The Nigerian Electricity...

Don’t Pay N50 Charge On POS Transactions, CBN Tells Nigerians

The Central Bank of Nigeria (CBN) has clarified the issue of payments of N50 charge by merchants who use Point of Sale (POS) machines...

CBN Slashes Banks’ ATM Withdrawal Fee From N65 To N35

The Central Bank of Nigeria on Sunday reduced the withdrawal fee charged for the use of other banks’ Automated Teller Machines from N65 to...

FG To Take Over Yola Disco With N27bn

The Federal Government is set to retake full possession of the Yola Electricity Distribution Company with about N27bn.   The National Assembly approved the sum of...

Bank Customers To Present Tax Card From January  

Evidence of tax payment will be a condition for operating a bank account from January, according to the Financial bill passed by the National...
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Some Positive Legal Jurisprudence From Hope Uzodimma  Vs Emeka Ihedioha  Case, While Waiting For...

Even when the full reasons for the decision in Hope Uzodimma V Emeka Ihedioha  are yet to be made public many legal analysts  have...

7.5% VAT Takes Effect February 1

The Federal government has said that the implementation of Value Added Tax (VAT) will to take effect from February 1, 2020.   This is after all...

I’ve No Regret Over Civil War — Gowon

Former Head of State General Yakubu Gowon (rtd) says he sees no reason he should be remorseful over the civil war.   Gowon, in interview he...