The Central Bank of Nigeria (CBN) has urged banks in the country to make significant investments in cybersecurity to safeguard depositors’ savings from hackers. Dr. Adetona Adedeji, Acting Director of Banking Supervision, made this call during a panel discussion on “Fiscal and Monetary Policy Reforms: Removing Barriers to Private Sector Investment” at the ongoing Nigeria Economic Summit in Abuja. He …

The Federal Government has said that the Government of Saudi Arabia pledged to invest in revamping the country’s refineries to get them working and reforming the Central Bank of Nigeria. This was made known in a press statement by the Minister of Information and National Orientation, Mohammed Idris, obtained by newsmen on Friday. Idris said the pledges were made by …