•Nigerian Senate chamber The Senate has commenced a comprehensive investigation into stamp duty collections reportedly amounting to several trillions of naira, seeking full disclosure from commercial banks, the Central Bank of Nigeria (CBN), the Federal Inland Revenue Service (FIRS), and state governments. Chairman of the Senate Public Account...
•House of Representatives The House of Representatives today adopted an urgent motion calling for an immediate investigation into what it described as arbitrary, excessive, and unexplained bank charges imposed on customers by commercial banks across the country. The motion, titled “Urgent Need to Curb Arbitrary Bank Charges and Protect Nigeria...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria (CBN) has rolled out sweeping new restrictions on who can qualify to operate as Point of Sale (PoS) agents, in what industry watchers describe as a major effort to restore integrity, accountability, and stability to Nigeria’s fast-growing agent banking sector. Under the revised Guidelin...
•CBN Governor Olayemi Cardoso The Central Bank of Nigeria has reaffirmed its commitment to expanding financial inclusion and driving economic growth by promoting the adoption of alternative payment systems. The apex bank expressed this commitment at a sensitisation exercise known as the ‘CBN Fair,’ held at the Dome Event Centre in Calabar toda...
•Prof. Emmanuel Osodeke The immediate past President of the Academic Staff Union of Universities (ASUU), Prof. Emmanuel Osodeke, has raised concern that over ₦600 billion in unutilised Tertiary Education Trust Fund (TETFund) allocations belonging to beneficiary institutions remain idle in the Central Bank of Nigeria (CBN). Speaking at the 2025...
•Central Bank of Nigeria (CBN) The Central Bank of Nigeria’s Monetary Policy Committee has reduced the interest rate to 27 per cent from 27.5 per cent in July. It also reduced the cash reserve requirement to 45 percent for commercial banks and 16 percent for merchant banks. The Committee has also introduced a 75 percent […]
•Kelvin Emmanuel Following the increasing inflation rate, Economy and Energy Expert, Kelvin Emmanuel, has advised the federal government to focus on economic drivers that will reduce inflation rate, in order to improve the cost of living of the average Nigerian. Emmanuel gave the advice today on Channels TV. While speaking to the topic ‘The Ec...
•POS machine The Central Bank of Nigeria has directed that all Point of Sale (PoS) terminals in the country be geo-tagged within 60 days. In a statement dated August 26, 2025, obtained by our correspondent today, CBN said the move is part of measures to curb fraud and strengthen oversight of digital payments. It is […]
•CBN Governor Olayemi Cardoso and the apex bank’s logo The Central Bank of Nigeria (CBN) has reaffirmed its commitment to maintaining a resilient, safe, and sound financial system as the ongoing banking recapitalisation exercise continues to gather pace. According to the apex bank, eight commercial banks have already met the new capital ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has maintained the current Monetary Policy Rate (MPR) of 27.5 per cent with all policy parameters. The Governor of CBN, Olayemi Cardoso, disclosed this at the MPC briefing in Abuja today, reports Channels TV. The apex bank’s MPC held its 301 meeting on July 21st […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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