Tuesday, 19th March 2024
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CBN

1 day ago
As inflation spiked to a fresh height last month, curbing the unpleasant situation is undoubtedly one of the major tasks that will be confronting the Central Bank of Nigeria’s (CBN) Monetary Policy Committee as it meets next week.
1 day ago
Real estate has historically provided a strong inflation hedge, but rising interest rates and the looming housing crisis are raising concerns among property developers, mortgage operators and professionals.
2 days ago
The way in which the high and mighty in Nigeria were weeping during the nights of tribute for Dr. Herbert Wigwe, who, at the time of his demise, was the Chief Executive Officer (CEO) of Access Holdings, is reminiscent of how North Koreans openly wept when their leader Kim Jong-il passed away in 2011
4 days ago
To break the vicious cycle of inflation and low growth, there is a need to adopt structural reform that would support economic growth and mitigate the impact of monetary policy changes.
14 Mar
Months after the Central Bank of Nigeria (CBN) halted direct intervention in the economy, the monetary authority has allocated 2.15 million bags of fertilizer valued at N100 billion to the Federal Ministry of Agriculture and Food Security for distribution to farmers.
12 Mar
Families of the two Biannce officials detained in Nigeria have revealed their identities. Nadeem Anjarwalla, 37, and Tigran Gambaryan, 39, have been in Nigerian detention since last month when they flew into Nigeria to discuss with the country's investigators as authorities began an intense scrutiny of cryptocurrency exchanges. Gambaryan currently heads Binance's financial-crime compliance and…
12 Mar
The Economic Financial Crimes Commission (EFCC) says that former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele allegedly awarded multi-billion naira worth of contracts to his family members and associates. EFCC spokesman, Dele Oyewale, in a statement, said a seventh Prosecution Witness, PW7, in the trial of Emefiele revealed this on Monday, March…
12 Mar
It is no longer news that the continued collapse of the naira in the foreign exchange (FX) market is already eliciting desperate and panicky measures from the monetary authorities.
11 Mar
After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that will raise the exchange rate to about N1400/$ before the end of the year.
11 Mar
Keni is a 300-level student of the University of Abuja. As the first of a five-child family to gain admission into the university, the Chemical Engineering undergraduate is on the verge of not registering for the current first semester except a miracle happens. This is because her reliance on the federal government’s student loan to pay tuition fees, which the university authorities have increased by 75 per cent, may not see the light of the day.
11 Mar
The rising number of hungry and angry Nigerians is enough to worry any government. Measures by the government to assuage the pains of Nigerians appear to be slow in taking effect.
10 Mar
The Central Bank of Nigeria (CBN) has signed a Memorandum of Understanding (MoU) with a blockchain firm, Gluwa to drive the increased adoption of Nigeria’s digital currency, e-Naira.

Latest

21 mins ago
A faction of Igbo socio-cultural organisation, Ohanaeze Ndigbo, yesterday, cautioned President Bola Tinubu on the handling of security challenges in the country.
34 mins ago
As inflation shaves off savings of many low and middle-income class Nigerians amid rising construction costs, homeownership plans are being deferred as untamed food prices continue to bite deeply into household incomes. 
41 mins ago
Nigeria’s electricity Distribution Companies (DisCos) may have spent an average of N670,000 to purchase each prepaid meter and other accessories through a N273.3 billion facility obtained from the Central Bank of Nigeria (CBN).
52 mins ago
The Court of Appeal, yesterday, upheld the judgment of a Federal High Court that the Federal Road Safety Commission’s (FRSC) officials can operate on all roads in the Federal Capital Territory (FCT), Abuja.
53 mins ago
Former two-term member of the House of Representatives for Ikwuano/Umuahia Constituency, Sam Onuigbo, has said that non-Northeasterners also benefit from the North East Development Commission’s (NEDC) activities and projects.
1 hour ago
Civil Society Organisations (CSOs) have called on the Economic and Financial Crimes Commission (EFCC) to save the image of Nigeria by avoiding being used as a weapon of political battles. 
1 hour ago
A Federal High Court, Abuja, yesterday, fixed April 18 for the hearing of a N1 billion suit filed by the leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, against the Federal Government and Department of State Services (DSS).
1 hour ago
Administrative activities were, yesterday, paralysed at University of Nigeria Nsukka (UNN), as Senior Staff Association of Nigerian Universities (SSANU) and Non-Academic Staff Union of Educational Associated Institutions (NASU) joined their counterparts in a seven-day nationwide warning strike.
1 hour ago
The Minister of Transportation, Said Ahmed Alkali, stated this while reacting to comments and commentaries by certain persons, especially on social media, concerning the status and implications of the MoU signed on February 12, 2024. 
1 hour ago
Environmentalists in Cross River State have called for the protection of Afi Mountain Wildlife Sanctuary and Drill Ranch in Buanchor community of Boki Council of the state.