Author Archives: Supernews - Page 42
Eight banks surpass recapitalisation target, 11 breach non-performing loan cap
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday, disclosed that eight deposit money banks have already surpassed the new minimum capital requirement under the ongoing recapitalisation exercise.…
CBN HOlds MPR Steady At 27.5%
BY NGOZI ONYEAKUSI CBN Governor, Olayemi Cardoso The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) kept the Monetary Policy Rate (MPR) unchanged at for the third…
Delta State Governor Lauds Seplat Energy’s Commitment To Host Communities
…Assures of Stronger Partnership, Favourable Operating Environment Seplat Energy Plc, Nigeria’s foremost indigenous energy company, has been lauded by the Delta State Governor, Rt. Hon. Sheriff Oborevwori, for its sustainability…
Commodities Exchanges, Warehouses Can Unlock $500bn In Dormant Agricultural, Mineral Assets
BY NGOZI ONYEAKUSI SEC DG Agama The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has disclosed that by formalising Commodities and Warehouse receipts the capital market can…
NCDMB’s Exec Sec Inspects Training of 305 Youths At Centre For Marine and Offshore
BY NGOZI ONYEAKUSI The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday inspected the ongoing training of 305 youths in specialised…
Rex Insurance Launches Digital Platforms For Motor Sales
BY NGOZI ONYEAKUSI Rex Insurance is proud to announce the launch of its new digital platforms designed to revolutionize the way motor insurance is accessed and purchased. This strategic initiative…
PenCom Warns Banks, Employers Against Interfering In PFA Choices
BY NGOZI ONYEAKUSI The National Pension Commission has issued warning to financial institutions and employers against interfering in the choice of Pension Fund Administrators of their employees or the transfer…
FG’s Debt to Gencos Hits N1.2tn in H1, Total Arrears Exceed N5tn
Generation Companies (Gencos) yesterday said that the debts owed them hit trillion in the first half of 2025 alone, with total arrears, including legacy debts of N2 trillion and another…
SON Vows to Protect Local Manufacturers for Nation’s Industrial Growth
Director General, Standards Organisation of Nigeria (SON), Dr. Ifeanyi Chukwunonso Okeke has reiterated his commitment to continue to protect and the growth of local manufacturing companies in the country in…
Nigeria now spends half its revenue on debt-Presidential panel
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, disclosed that the country currently spends less than 50 per cent of its revenue on debt…
