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
2 mins ago
The Taraba State Police Command has paraded 28 suspects arrested for various offenses, including kidnapping, armed robbery, culpable homicide, cybercrime, banditry, cattle rustling, criminal conspiracy, and theft. Commissioner of Police David Iloyanomon addressed journalists at the police headquarters in Jalingo and highlighted the collaborative efforts between law enforcement agencies and the public, which have resulted…
19 mins ago
Lagos State Commissioner for Basic and Secondary Education, Mr. Jamiu Alli-Balogun, on Thursday, said the government has shut down 12 private schools for safety infractions and illegal operations. Speaking at the ongoing annual ministerial press briefing to mark the first year of the second term of Governor Babajide Sanwo-Olu, Alli-Balogun, said the decision was to…
24 mins ago
A Nigerian coach is in line to be named as the new helmsman of the Super Eagles as the Nigeria Football Federation (NFF) are poised to announce the new head coach, bringing an end to weeks of speculation and discussion regarding the replacement for Jose Peseiro. The NFF's decision-making process involved a deliberation on whether…
37 mins ago
Senator Ayogu Eze, a former lawmaker who represented Enugu North Senatorial District between 2007 to 2015, is dead. The former senator who was a founding member of the People's Democratic Party (PDP) died in an Abuja Hospital after a protracted illness. Born in 1958, Eze died at 66. Although the cause of his death was…
52 mins ago
New York's highest court on Thursday overturned disgraced Hollywood producer Harvey Weinstein's 2020 conviction on sex crime charges and ordered a new trial.
1 hour ago
Xavi Hernandez said Thursday he has decided to stay on as Barcelona coach for a "cocktail of reasons," including support from key figures at the club and supporters.
2 hours ago
Sweden will next year contribute a reduced battalion to NATO forces in Latvia to help support the Baltic state following Russia's invasion of Ukraine, Prime Minister Ulf Kristersson said Thursday.
2 hours ago
At least 155 people have died in Tanzania as torrential rains linked to El Nino triggered flooding and landslides, Prime Minister Kassim Majaliwa said Thursday.
3 hours ago
Dana Air has announced that it is processing refunds for flights affected after it was suspended by the Nigeria Civil Aviation Authority (NCAA). The Minister of Aviation and Aerospace Development Festus Keyamo directed the NCAA to suspend the airline to conduct a safety and financial audit following a runway incursion incident involving one of the…
3 hours ago
Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government. The central bank's monetary policy committee decided to keep the policy rate at 50 percent. But it left the door open to raising…