BT Business

Nigerian Banks open 35 million accounts in 5 months

by Breaking Timeson July 2, 2020
Nigerian banks have opened about 35 million accounts between January and May 30, 2020 in spite of the negative impact of the Covid-19 pandemic on the banking and financial services sector. According to figures gleaned from data hosted on the website of the Nigeria interbank Settlement system NIBBS, the total number of bank accounts was […]

What You Need To Know About Nigeria Economic Sustainability Plan (NESP)

by Olatorera Dickson-Amusaon June 26, 2020
Recall that the Nigeria Economic Sustainability Plan (NESP) was approved by the Federal Executive Council (FEC) on June 24, 2020. The initiative was revealed by Tolu Ogunlesi, Special Assistant on Digital and New Media to President Muhammadu Buhari. NESP was developed by the Economic Sustainability Committee (ESC), established by President Muhammadu Buhari on March 30, […]

CBN Revises Timelines for Dispense Errors, Refund Complaints

by Seun Adeuyion June 2, 2020
The Central Bank of Nigeria (CBN), in its determination to further enhance service quality, particularly quick refunds when customers experience failed transactions, dispense errors or disputes, has revised timelines for reversals and/or resolution of refund complaints on electronic channels, with effect from June 8, 2020, as follows: Failed “On-Us” ATM transactions (when customers use their […]

Police In Jigawa Nab 11 men Over Rape Of Preteen

by Olatorera Dickson-Amusaon June 1, 2020
Police authorities in Jigawa confirm eleven men in the state are currently in custody for allegedly raping a 12-year-old girl. The arrest took place on Sunday as confirmed by spokesperson of the State police command, Abdu Jinjiri, who said the incident said occurred at Limawa Quarters in Dutse Local Government Area of Jigawa State. The […]


by William Ukpeon May 27, 2020
It is no longer breaking news that Nigeria will need to aggressively diversify her economy or die. With Oil price below $35 and the entire market at the mercy of global demand, It will be catastrophic for Nigeria’s economy to be heavily exposed to the crude oil markets during and after the pandemic. There are […]

“Associating Money With Wealth Is Nonsense”

by Seun Adeuyion May 25, 2020
Globally, people are regarded wealthy due the money influence they possess. But, Maxi Gburugburu, has kicked against it saying, associating money with wealth is nonsense. This, he stated in a thread shared via his Twitter handle, @Maxigburugburu1, on Sunday. See thread below: