CBN
8 Apr
Less than a week into the effective date of the exercise, the recapitalisation programme of banks may face its first acid test in the coming days as influential bank owners and top bankers have started throwing spanners into the implementation...
8 Apr
Though the Naira has gained strength against major currencies in a couple of weeks, the Central Bank of Nigeria (CBN) has spent $1.2 billion to defend the currency.
7 Apr
There are strong indications that the efforts by some state governments to take advantage of the country’s new Electricity Act in generating and distributing power in the country may face daunting hurdles.
7 Apr
The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria yesterday appealed to the apex bank to adjust and lower its applicable exchange rate downward below the N1,251/$ it’s pegged for the BDCs.
5 Apr
The Nigerian government on Friday announced the conclusion of the investigation of the Central Bank of Nigeria (CBN) under former governor Godwin Emefiele. Ajuri Ngelale, a spokesman to President Bola Tinubu, in a statement, said the Nigerian leader commended Jim Obazee, former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for his…
5 Apr
Another round of bank recapitalisation is here and for the next two years between April 1, 2024 and March 31, 2026, the nation’s 25 commercial and six merchant banks are expected to shore up their minimum share capital by as much as 100 per cent...
5 Apr
Naira, yesterday, continued its strong showing, as it was exchanged for N1,263.753 in the parallel market. This comes as the Central Bank of Nigeria (CBN) reaped N652 billion from its Open Market Operation (OMO) bill auction
4 Apr
Prospective beneficiaries who are anxiously waiting for the student loan scheme of the Federal Government may have to wait much longer as issues of eligibility, amount to be disbursed, and its modalities are far from resolved.
4 Apr
The Nigeria Customs Service (NCS) has reported a notable decline in cargo throughput, with a 4.89 per cent decrease in the volume of transactions in the first quarter.
4 Apr
The Institute of Chartered Accountants of Nigeria (ICAN), yesterday, tasked training institutions to ensure that the target of training accountants, who are morally sound and transparent in managing public funds, are not compromised.
2 Apr
Economist, Prof. Ken Ife, has said aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will attract foreign portfolio investments to the country.
1 Apr
Indications have emerged that foreign airlines have started dropping airfares following the release of about half of the trapped funds owed them by the Nigerian government. The President of the Association of Foreign Airlines and Representatives in Nigeria, (AFARN), Mr Kingsley Nwokeoma in a phone interview pointed out that foreign airlines stopped selling to Nigerians…
Latest
10 mins ago
Renowned rapper Kanye West, who legally changed his name to 'Ye' in 2021, is reportedly planning to venture into the adult film industry. According to sources, Ye is planning to set up his own studio, marking his entry as a producer in the adult film industry. A representative for Ye has reportedly told TMZ that…
40 mins ago
The Corps Marshal, Mr Dauda Biu, has hailed road marshals nationwide for their doggedness and sacrifices in checkmating routes violations thereby reducing road traffic accidents by 42 per cent.
1 hour ago
Vietnam's top soft drinks tycoon was jailed for eight years on Thursday in a $40 million fraud case, the latest high-profile business figure snared in the country's sweeping crackdown on corruption.
1 hour ago
The Lagos State Ministry of Education is investigating the Indian Language School in Ilupeju accused of denying Nigerians admission. The move to carry out the investigation was a result of a post made by an X user @decommonroom who shared his experience with the school. “The Indian school in Ilupeju only admits Indians. You need…
1 hour ago
The Oyo State Police Command has announced that it is investigating a shooting incident that occurred in the early hours of Monday, April 22nd, at a popular nightclub along the "Under G" area of Owode-Ogbomoso. The police, in a statement on Thursday, said the shooting incident claimed the life of one Iyanda Damilola. A distress…
1 hour ago
Four scam victims in Japan sued Facebook on Thursday after being hoodwinked by fraudulent online investment ads that used images of celebrities without their consent, their lawyer said.
2 hours ago
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.
2 hours ago
Authorities have confirmed the escape of 118 inmates from the Suleja Medium Security Custodial Centre, Niger state, following a heavy downpour that wreaked havoc on the facility, Wednesday night. The rain which lasted hours was said to have destroyed part of the main facility and the perimeter fence giving way for the inmates to escape.…
2 hours ago
A yet-to-be-identified elderly passenger has passed away in a commercial bus while travelling along the Ogbomoso-Ilorin expressway in Kwara State. Eyewitnesses said the deceased was believed to be in his late 60s. The incident, which left fellow passengers in shock, reportedly occurred after the bus experienced mechanical problems near Ote town. According to Abeni Okin,…
2 hours ago
A Nigeria woman, Clara Chizoba Kronborg, has broken the Guinness World Record (GWR) for the longest interviewing marathon. Kronborg who is a social media entrepreneur broke the world record with a time of 55 hours and 24 seconds, according to GWR. Kronborg in setting a new record smashed the previous one which was 37 hours…