archiveFebruary 27, 2024

  The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased interest rate to 22.75 percent. The decision to hike interest rate was taken by the MPC in its bid to combat inflation and stabilize the foreign exchange market. The CBN led by Yemi Cardoso, as...

      Speaker Abbas Tajudeen said on Tuesday that while Nigerians have legitimate reasons to express sadness, the current administration requires some level of patience and time to implement initiatives and programmes aimed at improving the standard of living of the citizens. The Speaker, who spoke when the National...

  The Senate on Tuesday proposed a six-year single term for the Governor and Deputy Governors of the Central Bank of Nigeria (CBN). The Red Chamber also sought to limit amount the Federal Government can borrow from the apex bank under the Ways and Means Advances. For external Directors appointed...

Executive Chairman of the Economic and Financial Crimes Commission ( EFCC) Mr. Ola Olukoyede, has charged the Association of Local Governments of Nigeria, ALGON, to evolve functional strategies and initiatives to tackle corruption and improve governance at the local government level. He gave the charge in Abuja  on Tuesday, February...

  In a poignant display of reverence and admiration, prominent figures from the Nigerian business landscape came together to pay tribute to the late Bamofin Abimbola Ogunbanjo during an Afternoon of Tributes and Closing Gong Ceremony, organized by the Nigerian Exchange Group in collaboration with Coronation Group. The event, held...

  The Executive Vice Chairman/Chief Executive Officer, CEO, of the Nigerian Communications Commission, (NCC)  Dr. Aminu Maida, has called for effective risk management in the telecommunication industry. According to him, the industry is currently at the crossroads of tradition and transformation. He noted that the emerging technologies and trends present...

  The Senate on Tuesday appointed Senator Jibrin Isah, who represents Kogi East Senatorial District, as Chairman of Senate Adhoc Committee to probe the N30 trillion ‘Ways and Means’ which the Central Bank of Nigeria (CBN) released as loan to the Federal Government during the administration of former President Muhammadu...

Oyo State Governor Seyi Makinde joined the state chapter of the Nigeria Labour Congress (NLC) in a peaceful protest on Tuesday. The demonstration, which began at the NLC state secretariat in Agodi, Ibadan, saw the workers marching to various locations, with the governor joining them at Gate – NTA –...

  The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not...

  allocates US$20,000 to each The Central Bank of Nigeria (CBN) has taken a decisive step to bridge the widening gap in the official and unofficial exchange rate, by stipulating that all Bureau De Changes (BDCs) are permitted to sell foreign exchange to end-users at a margin not exceeding one...