FG to get another $2.2bn World Bank loan – Wale Edun
The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support…
CBN gov Cardoso says CBN not using foreign reserves to defend Naira
The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said yesterday that the apex bank is not…
NNPCL to boost Nigeria’s Gas Supply, Stabilise Naira
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has committed to increasing the…
Senate c’ttee Chairman says Bank recapitalisation comes with peculiar risks
The chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, has said the recent bank capitalisation comes with…
CBN Raises Interest Rate To 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200…
CBN To Sell Forex To Bureau De Change Operators At N1,251/$1
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on…
Naira gains after clearing of $7bn FX backlog, appreciates to N1,382/$
The local currency continued on a recovery note on Thursday with naira appreciating significantly against the dollar, a development believed…
CBN Clears FX Transactions Backlogs Totaling $7B
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been…
Zenith Bank appoints Adaora Umeoji first female GMD
Zenith Bank Plc has appointed Dr. Adaora Umeoji as its new Group Managing Director, effective June 1, 2024. This was…
Hardship as Nigeria’s inflation rate hits 31.70% for February, cost of living rises
Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released…
Inflation: CBN increases banks’ Cash Reserve Ratio, to mop up N5trn from banking industry
Efforts by the Federal Government to curb the rising inflation will lead to N5 trillion cash mop up from the…
CBN to sell N1.64trn Treasury Bills in Q2 of 2024
The Central Bank of Nigeria, CBN, has said it would sale Treasury Bills, TBs, worth N1.64 trillion for the second quarter…
Recent News
Ezinne Maggie Nwomeh, Mother of Enugu Gov’s Media Aide, For Burial, Weekend
The Senior Special Assistant to the Enugu State Governor, Dr. Peter Mbah, on Mainstream Media, Hon. Dan Nwomeh, is set…
Multichoice Makes New Increase in Prices of DSTV, GOtv Packages
Multichoice, a major satellite television service in Sub-Saharan Africa, has announced an increase in prices on the DSTV and GOtv…
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