February 02/CBN The Central Bank of Nigeria (CBN) has disbursed a total sum of N18.26 Billion to the first batch of beneficiaries of the N 213 Billion Nigeria Electricity Market Stabilization Facility (NEMSF). This comprises two electricity Distribution Companies (DISCOs) and three electricity Generation Companies (GENCOs). In his welcome remarks […]

Nigerians will going forward, pay for both inter-city and intra-city transportation electronically, the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said. Emefiele, who made this known at the inauguration of the Payment System Vision 2020 (PSV2020) in Lagos, said the new shift is in line with his determination […]

Skye Bank Plc’s balance sheet has risen to N1.5tn, from N1.2tn, following the recent acquisition of Mainstreet Bank Limited. Similarly, the lender’s branch network is now 450 compared to 260 branches before the business combination with Mainstreet Bank. A statement by the lender quoted its Group Managing Director, Mr. Timothy […]