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The National Art Theatre, Iganmu-Lagos State is set to undergo N21 billion reconstruction, courtesy of the Central Bank of Nigeria (CBN), Guardian reports. According to Guardian, the proposed work on the facility includes modernizing the design, ensuring general aesthetics, rehabilitating the lighting and cooling systems. The reconstruction is expected to be executed
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Vice president Yemi Osinbajo on Friday called for the regulation of cryptocurrencies in the country, as against the prohibition of digital currencies. “There is a role for regulation here,” Osinbajo said at the Bankers Committee Vanguard in Lagos State. “And it is in the place of both our monetary authorities and SEC
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Fourteen out of the twenty alleged #EndSARS advocates whose bank accounts have been frozen by the Central Bank of Nigeria, CBN, have filed a countersuit before the Federal High court in Abuja, for their accounts to be unfrozen. Recall that on November 5, the CBN secured an order from Justice Ahmed
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A written address in support of a motion ex parte filed by the Central Bank of Nigeria, has revealed that the apex bank was able to obtain a court order which enabled it to freeze the accounts of 20 #EndSARS frontliners by alleging that their accounts might have been linked
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Rinu, one of the promoters of the #EndSARS protests, has reacted to the decision of the Central Bank of Nigeria, to freeze her account and those of 18 others who promoted and received cash donations for the #EndSARS protests. In a tweet posted on her handle, Rinu who is a member
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The Federal government has been accused of freezing the bank accounts of Nigerians who promoted the #EndSARS protests. Nigerians took to the streets on October 8 to demand an end to the Special Anti-Robbery Squad unit of the Nigeria police and an end to police brutality. The protest took a different turn when
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The APEX Bank in the country has stated its set criteria for stakeholders interested in benefiting from the N50bn intervention loans for small and medium scale enterprises approved by the Federal Government. The Central Bank of Nigeria introduced the N50bn Targeted Credit Facility as a stimulus package to support households
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Samuel Oghota, has shared on his Facebook page, scary images of the mammoth crowd at the Ikorodu branch of GTBank. The second floor which serves as both the deposit/ withdrawal section of the branch is filled to a point of danger - a disastrous stampede waiting to happen at anytime. The crowd
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A liquidity stress test conducted by the Central Bank of Nigeria (CBN) has revealed that capital position of ‘three small banks’ have fallen below regulatory capital requirement. The test, contained in the CBN Financial Stability Report released yesterday, showed the Capital Adequacy Ratios (CARs) of the affected banks were below five per
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