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Amid Rising Prices, CBN Retains Benchmark Interest Rate At 11.5%

Amid inflationary pressures sparked in part by the Russia-Ukraine war, the Central Bank of Nigeria’s Monetary Policy Committee has retained the Monetary...

Court Orders CBN To Release Mobil’s N82bn To Akwa Ibom Oil Communities

Taiwo Taiwo of the Federal High Court Abuja has granted an order, mandating the Central Bank of Nigeria to release the sum...

CBN Kicks Against New Anti-Money Laundering Law

The Central Bank of Nigeria on Thursday kicked against plans by the Senate to enact a new anti-money laundering law.

CBN To Stop Sale Of Forex To Banks By Year-End

The Central Bank of Nigeria has revealed that it would stop the sale of foreign exchange to banks by the end of...

EFCC Returns ‘Hidden’ N19.3bn Kogi Salary Bail-Out Funds To CBN

The Economic and Financial Crimes Commission (EFCC) says it has returned the sum of N19,333,333,333 which was recovered from the Kogi Salary...

Buhari: eNaira Will Increase Nigeria’s GDP By $29bn

President Muhammadu Buhari has said Nigeria’s new digital currency, eNaira, will increase the country’s Gross Domestic Productp. by $29 billion over the...

President Buhari To Unveil e-Naira On Monday

President Muhammadu Buhari is scheduled to unveil the e-Naira on Monday, the Central Bank of Nigeria said on Saturday.

Thirteen Days To Launch Of E-Naira, Here Are Six Things You Should Know

In June 2021, the Central Bank of Nigeria (CBN) announced plans to launch a digital currency dubbed the ‘e-Naira’ by October 2021,...

FG To Clamp Down On ‘Aboki FX’ Website Over Exchange Rate

The Federal Government through its bank, the Central Bank of Nigeria (CBN) on Friday said it will shut down the operations of...

We Have No Plan To Convert Domiciliary Account Holdings Into Naira – CBN

The Central Bank of Nigeria (CBN) has asked Nigerians to ignore reports that domiciliary account operators have been directed to convert their...

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AIT chairman, Chief Raymond Dokpesi dies in Abuja, at 71

Raymond Dokpesi, the founder of Daar Communications Plc, died on Monday morning in Abuja. He was 71.

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria

Bola Ahmed Tinubu delivers his Maiden Speech as the 16th President of Nigeria. The speech highlights Nigeria's Transformation Agenda from Fuel Subsidy Reforms, Boosting electricity generation to addressing interest rate and exchange rate problems.

Nigeria’s New Hope: Can Bola Ahmed Tinubu Deliver?

Nigeria, a country with a history of economic and leadership challenges, is at a crucial juncture as it embarks on a new era. The recent election, like its predecessors, was marred by fierce contentions from opposing parties. However, on this momentous May 29th, a new hope emerges as Bola Ahmed Tinubu assumes the presidency. The key question that arises is whether he can effectively tackle Nigeria's governance and development problems within the span of a four-year presidential term.

Nigerian Chef, Hilda Baci Breaks World Cooking Record

Hilda Bassey Effiong, the 27-year-old Nigerian Chef and owner of MyFoodByHilda Restaurant, has made history by breaking the world cooking record. Her non-stop cooking marathon lasted for an impressive 100 hours, 40 minutes, surpassing the previous Guinness World Record set by Indian chef Lata Tandon in 2019. Hilda's remarkable achievement has not only captured the attention of Nigerians but also garnered global recognition.