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.