Related Articles
Nigeria Needs $400Bn To Provide Electricity For 25Mn Nigerians
The Minister of State for Power, Prince Goddy Jedy Agba, has projected that Nigeria would need about $400 billion between now and 2050 to provide stable electricity in over 25 million Nigerians currently lacking access to power supply. The minister made the projection during a media briefing in Lagos preparatory to the forthcoming 26th United […]
Firms Predict Higher Inflation, Borrowing Costs In December – CBN
Operating businesses in the country have projected a rise in inflation and borrowing rates this month and also a growth in confidence in macro economy as the fiscal year gradually inches to an end. The views of the enterprises were captured in the Central Bank of Nigeria’s (CBN’s) ‘Business Expectation Survey’ report for November 2018, […]
CBN Plans Trust Fund For Customers’ Dormant Accounts
The Central Bank of Nigeria (CBN) has unveiled plans to create trust fund for bank customers’ accounts that had remained dormant for up to 10 years and above with unclaimed balances for the purpose of warehousing unclaimed balances in eligible accounts. The apex bank, in its ‘Exposure Draft of Guidelines on the Management of Dormant […]