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A chieftain of PDP and an engineer, Chief Emeka Charles Kalu, has said that the recent strengthening and appreciation of the Naira against the dollar was achieved as a result of efforts by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), which raised its Monetary Policy Rate (MPR) to another 200 base point […]
Naira Appreciation Good But Unsustainable – Financial Experts Read More »
Source: Punch. On Wednesday, the Edo House of Assembly commenced impeachment proceedings against the state Deputy Governor, Philip Shaibu. The Assembly accused the deputy governor of perjury and leaking the government’s secrets. The impeachment notice is believed to be the latest development in the rift between Shaibu and his principal, Governor Godwin
Lawmakers accuse Shaibu of leaking govt secrets, begin impeachment Read More »
By Adetutu Sobowale (Punch) The Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. The suspension takes effect from March 18, 2024, for one month. The suspension was announced in a statement, on Monday, by the Ghanaian apex
Bank of Ghana suspends GTB, First Bank’s forex licences Read More »
The Nigerian National Assembly has agreed to issue warrants of arrest against executives of cryptocurrency platform, Binance. The assembly arrived at this decision after a resolution was passed to that effect by the House of Representatives Committee on Financial Crimes during a hearing on a petition brought against the crypto firm. This lawmakers’ resolution
Nigerian House Of Reps Passes Resolution To Get Binance Platform Executives Arrested Read More »
Human rights lawyer Femi Falana (SAN) has asked the President Bola Tinubu led administration to review the fuel subsidy removal policy following claims that Nigeria still pays for it. Although Tinubu, during his inauguration as president, declared that the subsidy has ended, the World Bank and the chief executive officer and managing director of
Femi Falana Counsels President Tinubu On Fuel Subsidy Read More »
Thirty-three countries and 590 schools globally participated in the 4th edition of the Mathematics for Life Foundation’s virtual competition for Senior Secondary and High School Students worldwide. Welkin International Schools, Atan-Ota, Ogun State, Nigeria, emerged victorious in both senior and junior categories, with Emmanuel Olusanya winning in the senior category and Ireoluwa Olajide in
Nigeria Emerged Winner Of The World Mathematics Tournament Read More »
It’s another sad news as we hear the passing of another veteran Nollywood comic actor, Mr Ibu. It was reported that he gave up the ghost at the hospital where he was receiving treatment. This is a terrible and sad one for the Nollywood industry. Just on Friday we heard the passing of
Breaking: Nollywood Actor, Mr Ibu Passed On Read More »
Source: Forbes. Two founders of Trump’s media business are suing the company they once started, claiming Trump’s media business is trying to dilute their stakes in the company, amid a potential merger that could offer President Donald Trump an influx of cash as he’s due to pay the state of New York more than
Trump Media Co-Founders File Lawsuit Claiming Company Tried To Dilute Their Stake Read More »
The Central Bank of Nigeria (CBN) has announced its decision to start selling foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. The development came three years after Godwin Emefiele, the former CBN governor, announced the suspension of foreign exchange sales to BDC operators. The apex bank unveiled this in
CBN announces the selling of dollars to eligible BDCs operators Read More »
The Independent National Electoral Commission (INEC) has finally opened up formally on the failure to upload results on the viewing portal which remains one of the most controversial aspects of the 2023 presidential election. Despite the Bimodal Voter Accreditation System (BVAS) working well on election day, uploading the presidential election results to the INEC
Why 2023 Presidential Election Results Failed To Upload On IReV – INEC Read More »