Banks Begin Charging N6 Per SMS for Transaction Alerts
IBY Peterside Rejoice Eneky Nigerian banks have commenced implementation of a new SMS transaction alert fee of N6 per message, effective today, May 1, 2025. The new fee represents a…
Senate Rejects Motion To Immortalize Prof. Humphrey Nwosu, Southeast Lawmakers Protest
By Peterside Rejoice Eneky A mild protest erupted at the Senate on Thursday as lawmakers from the Southeast staged a walkout following the rejection of a motion seeking to…
Nigeria’s Inflation Dips Again, Signals Economic Relief—Experts
|By Adejumo Adekunle- Two Consecutive Drops Indicate Macro Stability—CPPEFood Inflation Also Declines, Easing Consumer PressureExperts Urge Policy Action to Cut Living Costs Economic analysts and the Centre for the Promotion…
CBN Governor Cardoso Champions National Theatre Revival, Eyes $25 Billion Creative Boom
|By Adejumo Adekunle- -Calls on Nigerians to safeguard the iconic facility– Sees massive economic potential in creative sector– Bankers’ Committee leads $21.3 billion renovation project The Governor of the…
NPN Holds Roundtable on Strengthening Nigeria’s Education Sector
IBY Peterside Rejoice Eneky The Nigerian Professionals Network (NPN) successfully convened a high-profile roundtable discussion focused on strengthening Nigeria’s education sector through technical support and strategic partnerships. The event,…
CPPE Urges CBN to Cut Interest Rates After Holding MPR at 27.5%
– Think Tank Applauds CBN’s Decision to Pause Rate Hikes – Calls for Reduction in CRR, Citing Global Comparisons – Warns of Disconnection Between Financial System and Real Economy …
Dormant Bank Accounts in Nigeria Surpass 19.69 Million Despite CBN’s Policy Reforms
|By Adejumo Adekunle- Inactive Accounts Surge in 2024, Peaking at 20.57 Million in Mid-Year CBN Orders Banks to Reveal Dormant Accounts and Unclaimed Funds 6.51% Yearly Increase Recorded Despite…
SERAP Gives CBN 48-Hour Ultimatum to Reverse ‘Unjust’ ATM Fee Hike, Cites Legal Violations
|ByAdejumo Adekunle – Rights group threatens legal action if CBN fails to comply Says policy worsens financial hardship, contradicts consumer protection laws Describes new charges as discriminatory, favouring banks…
Wadada Warns Agencies Over Audit Queries,Threatens Arrest Warrants
IBY Peterside Rejoice Eneky The Senate on Tuesday frowned at blatant disregard of invitation extended to top government agencies to answer queries from the Auditor General on how public…
Naira Slips at Official Market, Holds Steady in Parallel Market as CBN Extends FX Sales
|By Adejumo Adekunle – Local currency weakens to N1,495.60/$1 at official window Black market rate remains stable at N1,610/$1 CBN extends FX sales to BDCs until May 30, 2025…
