Amidst lingering dispute between Central Bank of Nigeria, CBN, and eight banks banned from participating in the inter-bank foreign exchange market, the local currency, Naira, has suffered further bashing, depreciating to N415/ USD1 yesterday in […]
Ogun State Governor, Ibikunle Amosun, said Nigeria’s socio-economic crisis is enormous but surmountable, saying that the All Progressives Congress government would deliver the positive change it promised to Nigerians. He said Nigerians would start witnessing […]
Former Central Bank of Nigeria (CBN) Governor Chukwuma Charles Soludo has said that for Nigeria to come out of its challenge, there should be a coalition of economic policies that can deal with desperate socio-economic […]
The Chief Executive Officers (CEOs) of banks will today meet in Lagos over sanctions imposed on nine lenders for failing to remit money owed to the Federal Government, New Telegraph has learnt. Also, the Central […]
The media has been awash lately with news that the Central Bank of Nigeria has banned nine deposit money banks from the foreign exchange market, for allegedly hiding over $2bn belonging to Nigerian National Petroleum […]
The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the […]
The Emir of Kano, Muhammadu Sanusi, has warned President Muhammadu Buhari to avoid repeating the mistakes made by former President Goodluck Jonathan so his administration does not end up in infamy like that of his […]
The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategic Paper (FSP) for 2017 to 2019. The Minister of Budget and National Planning, Udoma Udo-Udoma, made […]
The naira tumbled to 402 against the dollar at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange market for failing to remit $2.334bn […]
The Leader of the Senate, Senator Ali Ndume, has described the renewed calls for restructuring of the Nigerian federation as unnecessary. He said the idea had yet to become popular among Nigerians.
The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the […]
A 66-year-old man, Mr. John Ekue, has committed suicide in the Mende area of Maryland, Lagos State. PUNCH Metro learnt that Ekue used a rope to hang himself by the rod of a ceiling fan […]
Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. […]
The proposed communication tax is one tax too many, and may trigger widespread reactions if the bill is eventually passed into law, writes OZIOMA UBABUKOH Although the ‘controversial’ Communication Service Tax bill has passed the […]
The Central Bank of Nigeria, CBN, yesterday, ordered Authorised Dealers (banks) to allocate 60 per cent of their total Foreign Exchange, forex purchases from all sources (interbank inclusive) to manufacturers and 40 per cent to […]
The Federal Government has declared that gas alone cannot solve the country’s electricity challenges. Disclosing this at the just concluded 2016 Annual Conference of the National Association of Energy Correspondents in Lagos state, Minister Of […]
CALABAR—CURRENT hardship affecting a large section of Nigerians has the capacity to increase the rate of corruption as people become desperate to survive, Bishop Emmah Isong, Assistant National Deputy President of the Pentecostal Fellowship of […]
“Be thou as chaste as ice, as pure as snow, thou shalt not escape calumny.” William Shakespeare, 1564-1616. VANGUARD BOOK OF QUOTATIONS, VBQ, p 25. There must be occasions when the Governor of the Central […]
The environment provides the setting and milieu for all human and developmental actions. It has a cross-cutting impact on virtually all other sectors and departments of economic and social life. Conversely, what happens in other […]
The whereabouts of a mother of three, said to have walked out of her Fola Agoro home in Somolu area of the state with one of her sons after leaving a suicide note, was still […]
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