BUSINESS

CBN, NIBSS launch National Domestic Card Scheme for Nigeria

Daily Dispatch October 23, 2022

The Central Bank of Nigeria (CBN), has in line with its mandate to promote stability, inclusion and growth in the financial and payment system,announced the introduction of a National Domestic Card Scheme effectiveJanuary 16, 2023. The Director, Corporate Communications, CBN Osita Nwanisobi,

BUSINESS

CBN, AMCON confirm sale of Polaris Bank

Daily Dispatch October 20, 2022

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the sale of Polaris bank. According to reports, the sale follows the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).NewsClick […]

NEWS

New Boko Haram faction will bomb Aso Rock, CBN, NNPC, others – Primate Ayodele

Daily Dispatch April 29, 2021

The leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has put President Buhari and the Service Chiefs on the alert after God spoke to him about the new dimension of terrorism in Nigeria. The man of God revealed that there is a new set of Boko Haram Terrorists in Nigeria and they are going […]

TOP STORIES

Report indicts NNPC, CBN, others of under-remittance to FG

Daily Dispatch March 25, 2021

A report from forensic auditors, KPMG has indicted about seven government revenue-generating agencies for under-remitting over N526.35 billion and $21.199 billion to the Federation Account between January 2010 and June 2015. A report presented to the House of Representatives Committee on Public Accounts on Wednesday also showed that four other agencies under-remitted

BUSINESS TOP STORIES

Breaking: CBN, NFIU reverse $3m Cryptocurrency fraud

Daily Dispatch February 23, 2021

The Central Bank of Nigeria and the Nigerian Financial Intelligence Unit has reversed a $3 million fraud back to a country. The fraud was perpetuated through the usage of Cryptocurrency. Speaking before a Senate Joint Committee, the Director and Chief Executive Officer of NFIU, Modibbo Haman, informed the lawmakers that Cryptocurrencies are being used to […]

LEAD STORY 1

Presidency, CBN, Legislature Back Lagos Recovery Effort

Daily Dispatch November 16, 2020

Period of brooding over the devastation suffered by Lagos State in the violence that trailed the hijack of the #EndSARS protests is now past. The recovery effort has begun in earnest, with Governor Babajide Sanwo-Olu and the Vice President, Prof. Yemi Osinbajo, on Monday, putting the hammer down on the process of rebuilding the lost […]