Author: Aisha Muhammed

News

VP Shettima Commissions 15MVA Substation In Maiduguri

Vice President Kashim Shettima has inaugurated a 15 megavolt-amperes (MVA) injection substation in Maiduguri, Borno State, highlighting the urgent need to protect Nigeria’s power infrastructure against vandalism. Speaking at the commissioning ceremony held at the College of Agriculture in Maiduguri, Shettima stressed the escalating attacks on power facilities, labeling the […]

Business

Nigeria’s Central Bank Orders NIBSS To Debit Banks Over Fraudulent Transactions

Nigeria’s Central Bank orders NIBSS to debit banks over fraudulent transactions, tightening accountability To curb fraud in the financial services sector, Nigeria’s Central Bank has directed the Nigeria Inter-Bank Settlement System (NIBSS) to debit the settlement accounts of commercial banks that receive fraud proceeds. The directive, effective January 2025, signals […]