Nigeria’s President, Bola Ahmed Tinubu, has recounted his nasty encounter with his close relative who narrated how their wealthy uncle ran short of cash during the naira scarcity in 2023. Recounting the experience at a special Iftar held in his honour at the Presidential Villa on… Tinubu narrates nasty experience during naira scarcity as relative … Read more
The Naira appreciated on Friday in the official market, trading at N1,536.82 to a dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira gained N1.84. This represents a 0.11 per cent increase compared to the N1,538.66 per dollar recorded on Thursday. The gain… See new rate as Naira appreciates against … Read more
Nigeria’s Money Supply (M2) saw a year-on-year increase of 17.3 per cent, reaching ₦110.3 trillion in February 2025, up from ₦93.97 trillion during the same month in 2024. This information was provided by the Central Bank of Nigeria (CBN) in its recently released Money… Nigeria’s Money Supply Soars By 17% …C0NTINUE READING HERE >>>>
Oil services firm Zumax Nigeria Limited has sued the Central Bank of Nigeria (CBN) for N4.1 billion, accusing it of gross negligence over a disputed receivership. In a suit before Justice Akintoye Aluko of the Federal High Court, Lagos, Zumax alleged that CBN failed in its… Nigerian firm sues CBN for N4.1b over alleged negligence … Read more
The senator representing Bayelsa West, Seriake Dickson, has raised concerns over the lopsided appointments in the Nigerian National Petroleum Company, NNPC, the Central Bank of Nigeria, CBN, and other federal ministries, departments, and agencies, MDAs. Dickson made this known… Senator Dickson fumes over lopsided recruitment in NNPC, CBN as Senate orders probe …C0NTINUE READING HERE … Read more
The Senate formally confirmed Professor Melvin D. Ayogu’s appointment to the Board of Directors of the Central Bank of Nigeria (CBN). A native of Enugu State, Ayogu serves as a Professor of Economics at the University of Cape Town in South Africa. The Senate Committee on… Senate Confirms Tinubu’s Nominee, Ayogu As CBN Board Director … Read more
The Senate, on Tuesday, confirmed the nomination of Prof. Melvin Ayogu as a member of the Board of Directors of the Central Bank of Nigeria (CBN). The approval was sequel to the presentation of the report of the Senate Committee on Banking, Insurance and other Financial Institutions… Senate confirms Ayogu new CBN board of directors … Read more
The Nigeria Labour Congress (NLC) has called on the Federal Government to ensure that local government allocations are paid directly, in line with the Supreme Court ruling. Speaking at the 8th National Administrative Council meeting of… NLC Urges FG To Ensure Direct Allocation Of LG Funds …C0NTINUE READING HERE >>>>
The Nigerian currency, the Naira, experienced a 0.16 per cent increase, rising to ₦1530.52/$ from ₦1532.93 per Dollar during the previous trading session on the Nigerian Foreign Exchange Market, as trading concluded on… Nigerian Currency Appreciates At Official Window …C0NTINUE READING HERE >>>>