CBN
1 day ago
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso has clarified that 1000 staff of the apex bank that left in December initiated their voluntary disengagement with payment of full benefits.
2 days ago
Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso on Friday saID contrary to notions held in certain quarters, 1000 staffers of his outfit resigned voluntarily from service. The CBN chief, who appeared before Mr. Usman Kumo led adhoc committee probing into the circumstances behind the disengagement of the workers, and disclosed that…
2 days ago
Despite the efforts of the Central Bank of Nigeria (CBN) to control the money supply through its tightening measures, the latest report from the apex bank shows that Nigeria’s broad money supply (M2) soared by 51.4 per cent year-on-year (YoY) to reach N108.96 trillion in November 2024.
3 days ago
In spite of the efforts of the Central Bank of Nigeria (CBN) to control the money supply through its tightening measures, the latest report from the apex bank shows that Nigeria’s Broad Money Supply (M2) soared by 51 per cent year-on-year (YoY) to reach ₦108.96 trillion in November 2024. The surge, according to the CBN,…
3 days ago
Stock market operators have predicted that real output growth this year would range between 3.2 per cent and 3.4 per cent. The optimism was hinged on the improvement recorded in foreign exchange (FX) management..
3 days ago
The Bill on the prohibition of foreign currency for “localised” transactions which is now before the National Assembly and has passed the first reading brings to the front burner the poor knowledge of existing laws by the honourable lawmakers.
4 days ago
A report has shown that the naira depreciated by 40.9% per dollar in 2024 after ending the year at N1,535 to the United States (US) currency. "The exchange rate between the naira and the US dollar closed at N1,535/$1 by the end of 2024, representing a 40.9% depreciation over the year," News Central TV wrote…
4 days ago
While the Deposit Money Banks (DMBs) were mandated to pay 60 per cent of pre-February 2022 Unstructured Supplementary Service Data (USSD) debts by July 2025 and 85 per cent of post-February 2022 debts by yesterday, December 31, 2024
31 Dec
The Central Bank of Nigeria (CBN) said that Nigeria's Broad Money Supply (M2) increased by 51% year-over-year (YoY) to N108.96 trillion in November 2024 as a result of the Federal Government's increased borrowings. The increase was from N72.03 trillion in the same period of 2023 was made public in CBN's Money and Credit Statistics Monday.…
30 Dec
On December 19, 2024, the Central Bank of Nigeria granted access to Bureau De Change (BDC) operators to purchase foreign exchange from the Foreign Exchange Market (NFEM). This temporary access, according to the bank, was made to allow BDCs
30 Dec
The Central Bank of Nigeria (CBN) has recently issued a stern warning to financial institutions, vowing severe penalties for any involvement in the illegal trade of freshly minted naira notes.
29 Dec
As Nigeria heads into 2025, the Central Bank of Nigeria (CBN) has been advised to soften its tightening stance to support investment growth and job creation in the economy. The Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, gave this advice in his Nigeria 2024 review and…
Latest
17 mins ago
Umar Sadiq has said that he has a lot of hunger to succeed at Valencia who officially unveiled their new loan signing on Saturday afternoon. The Super Eagles striker said this after completing his move to Valencia, joining from Real Sociedad on a half-season loan deal. Valencia confirmed the loan signing of Sadiq on Saturday…
24 mins ago
The Federal Capital Territory (FCT) Police Command has rescued a day-old baby abandoned along a bush path near Crush Rock, behind an uncompleted Red Bricks Market, Mpape, Abuja. According to the Police Public Relations Officer (PPRO), FCT Command, SP Josephine Adeh, on January 3, 2025, around 10:00 am, police operatives from Mpape Division’s Juvenile and…
25 mins ago
The Inspector-General of Police (IGP), Kayode Egbetokun, has directed the Lagos State Police Command to investigate allegations of extortion by officers who reportedly demanded and collected ₦150,000 from a student of Ekiti State University (EKSU) for having cryptocurrency apps on his phone. The directive follows the IGP's earlier order prohibiting arbitrary arrests, harassment of youths,…
55 mins ago
Renowned Nigerian gospel minister and pastor, Nathaniel Bassey, has been invited to minister at the U.S. Presidential Inaugural Prayer Breakfast on January 20, 2025, in Washington, D.C. The non-political and faith-based event will be hosted by Reverend Merrie Turner ahead of President-elect Donald Trump and Vice President-elect JD Vance's swearing-in ceremony. The prayer breakfast, to…
1 day ago
President Bola Tinubu on Saturday made a firm commitment that his administration will complete the Eastern Rail line connecting Port Harcourt
1 day ago
Austria's conservative Chancellor Karl Nehammer said Saturday he would step down in the "coming days" after breaking off coalition talks with the Social Democrats over disagreements on key issues. The surprise move might lead to snap polls being called -- or the conservatives might negotiate with the far right that won national elections in September.…
1 day ago
An Algerian online influencer will stand trial in France next month, accused of inciting terrorism on TikTok, prosecutors said Saturday. The 25-year-old suspect was remanded in custody on Friday in the western city of Brest, prosecutor Camille Miansoni said in a statement. The man, identified by officials only as Youcef A. but known on social…
1 day ago
Suspected extremists, believed to be members of Jama’at Nasr al-Islam wal Muslimin (JNIM), otherwise known as LAKURAWA have reportedly
1 day ago
Venezuelan opposition politician Edmundo Gonzalez Urrutia, who fled the country after a tumultuous election and subsequent police crackdown, said Saturday he has plans to speak with US President Joe Biden. Speaking in Argentina, where he met with President Javier Milei, Gonzalez Urrutia added that he was traveling to the United States on Sunday, though it…