Naira
2 days ago
Justice A.O. Owoeye of the Federal High Court in Ikoyi, Lagos, has ordered the remand of Precious Chimaobi Uzondu in the Ikoyi Correctional Centre over his alleged refusal to accept the naira as a legal tender.
3 days ago
Justice A.O. Owoeye of the Federal High Court sitting in Ikoyi , Lagos has granted one Precious Chimaobi Uzondu N5 million bail after he was arraigned by the Financial Crimes Commission (EFCC) for refusing to accept Naira as a legal tender. The Lagos Zonal Directorate of EFCC, on Wednesday, February 5, 2025, arraigned Uzondu on…
6 Feb
A study by Rand Merchant Bank (RMB), a member of FirstRand Group, says Nigeria’s gross domestic product (GDP) could slip to 0.8 per cent (a pace not seen since 2021) this year.
31 Jan
The Central Bank of Nigeria (CBN) has insisted that the naira will stabilise as investors’ confidence improves. The CBN Governor, Yemi Cardoso, stated this in Abuja yesterday during his address to the Monetary Policy Forum (MPF) with external stakeholders.
28 Jan
Gradually but steadily, the buying and selling of the naira (banknotes), also known as commoditisation, is fast becoming a ‘major’ business, but constituting an affront to the effectiveness of the monetary policies of the Central Bank of Nigeria (CBN).
2 Jan
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.
1 Jan
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…
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.
27 Dec
Nigeria, Africa’s most populous country, and the world’s seventh largest oil producer is in the grip of an unprecedented hunger crisis.
27 Dec
The subject of hunger cannot but enter the lens of this column today – for hunger is a burning issue and subject that is part of Nigeria’s cultural studies currently that experts in the field and discipline cannot but give attention to at this point in time.
23 Dec
Barely two weeks to the end of the year, Nigeria’s hope of achieving 95 per cent financial inclusion by December may not be realised as emerging socio-economic challenges, including escalating digital fraud, rising mistrust and deepening poverty slow the process.
17 Dec
The aggressive monetary and fiscal measures taken to check headline inflation appear to be slow in taming inflation as the consumer price index rose to 34.6 per cent in November, setting a new multi-decade high and suggesting that the war against price crisis is far from being won.
Latest
18 mins ago
Pope Francis was admitted to hospital on Friday for tests and treatment for bronchitis, the latest in a series of health problems for the 88-year-old pontiff. Francis, who has been breathless in recent days and has delegated officials to read his speeches, held his morning meetings as planned before heading to Rome's…
21 mins ago
The Pan-Yoruba socio-cultural group, Afenifere, on Friday said it received the passing of its foremost leader, Chief Ayo Adebanjo, with great shock. The News Agency of Nigeria (NAN) reports that the foremost nationalist, elder statesman and leader, Adebanjo died on Friday in Lagos at the age of 96. In his initial reaction, Mr Jare Ajayi,…
30 mins ago
The League of Imams and Alfas in Yorubaland has declared that Ramadan 1446 AH (2025) will begin on Saturday, March 1, breaking from the long-standing practice of waiting for the Sultan of Sokoto’s official announcement. In a communiqué issued by the Office of the Grand Mufti, the group stated that its decision was based on…
33 mins ago
The management of Enyimba International FC of Aba, has said the gate would be thrown open to fans in the club’s match day 24 against visiting Rivers United. The President General of the Supporters club, Stephen Ukwuenieke confirmed the decision to the News Agency of Nigeria (NAN) in Aba on Friday. Ukwuenieke said the match…
37 mins ago
Former Minister of Lands, Housing, and Urban Development, Chief Nduese Essien, has criticised sensational media trials allegedly orchestrated by self-proclaimed anti-corruption crusaders aimed at extorting former South-South governors. He urged that any corruption probe in Nigeria must be conducted holistically—free from ethnic or political bias—and stressed the need for fairness and objectivity in the…
39 mins ago
The Secretary-General of the late Chief Ayo Adebanjo's faction of the pan-Yoruba socio-political organisation, Afenifere, Sola Ebiseni, has disclosed that the deceased prepared for his death 10 years ago. Ebiseni, in a statement made available to The Guardian, said the late Adebanjo had strengthened his followers in the struggle for a better country. While…
45 mins ago
No fewer than 23 persons were killed, and 48 others sustained various degrees of injuries in a ghastly road crash on the Muhammadu Buhari Interchange Flyover, Hotoro, Kano. Eyewitnesses told The Guardian that the accident, which involved a heavy truck with an unknown registration number conveying goods and passengers, occurred Thursday night. It was…
46 mins ago
Lagos State Governor Babajide Sanwo-Olu has stated that a Green Line rail project connecting various parts of the state, from the Victoria Island axis to Lekki and the Free Trade Zone, including Ajah, will begin as soon as possible this year. Governor Sanwo-Olu made this known to the press on Friday during the commissioning of…
47 mins ago
Banks that helped Elon Musk finance his $44 billion acquisition of Twitter, have successfully sold a chunk of their acquisition debt in the company, indicating surging investor confidence amid the Tesla tycoon's outsize role in the Trump administration. According to US media, including Bloomberg and the New York Times, banks this week sold $4.7 billion…