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New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

Nigeria’s Economic Woes: Poor Diversification, Excess Liquidity Cited by CBN

CBN Governor Yemi Cardoso attributes Nigeria's economic woes to poor diversification and excess liquidity, raising interest rates to combat inflation.
News

Nigeria’s Inflation Battle Intensifies as MPC Meets

Nigeria's inflation battle intensifies as the MPC meets to decide on measures to curb rising prices. Key areas include interest rates, currency stability, and food security.
News

Former Currency Director Denies Receiving Naira Redesign Minutes

Former CBN Director Ahmed Umar testifies he didn't receive minutes from the Naira redesign meeting, amidst the trial of suspended Governor Godwin Emefiele.
News

Why CBN Excluded Retained Earnings in Its Recapitalization Terms

In a move aimed at bolstering the stability of Nigeria's banking sector, the Central...
Business

CBN Sells Over N1 Trillion OMO Bills, Attracts Foreign Investors

The Central Bank of Nigeria (CBN) has announced the successful completion of a sale...
Business

CBN Clears $400 Million FX Backlog in One Week

The Central Bank of Nigeria (CBN) has cleared an additional $400 million of foreign...
News

Former CBN Governor Emefiele Vindicated by Economic Crisis

The economic woes that have plagued Nigeria since 2023 have proven the competence and...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
News

CBN Bans Cash Payout for Travel Allowances

The Central Bank of Nigeria (CBN) has announced a new policy that prohibits authorized...
News

Nigeria’s Naira Plummets to All-Time Low Against Dollar

Nigeria’s currency, the naira, has fallen to a record low of 1,534.39 per dollar...
News

Senate Grills Top Brass, Economic Team

The Senate has summoned the service chiefs and the economic team to appear before...
News

Naira Plummets to Record Low, Senate Summons CBN Governor

The Nigerian currency, the naira, has hit a new low against the US dollar...
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News

New Bill Proposes ₦20m Fine, Jail Terms for Ponzi Operators

Nigeria’s Senate proposes a ₦20m fine and jail terms for Ponzi operators, enhancing investor protection through modern financial reforms.
News

UNICEF: 4.9M Nigerian Children Need Urgent Help

UNICEF's 2024 report reveals 4.9 million Nigerian children urgently need aid, with critical gaps in education, health, and living conditions
News

NNPCL Challenges Dangote Refinery’s Import Licence Suit

NNPCL counters Dangote Refinery’s bid to monopolize petroleum imports, arguing the suit doesn’t hold water and could be ruinous to the economy.
News

Troops’ Welfare And Nigeria’s Protection My Top Priority, Acting COAS

The Lt. Gen Oluyede is rallying the Nigerian Army to remain focused in turning the tide regarding insecurity, as the handover to the Infantry Corps happens, with priority given to troop welfare and national security.

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