News
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GTBANK loses commercial bank status after Bank of Uganda downgrade
The Bank of Uganda (BoU), Uganda’s apex bank, has downgraded Guaranty Trust Bank (GTBank) from a Tier I commercial bank…
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Nigeria will have maximum of nine taxes after presidential committee’s work – AdedejiNigeria
“In an economy of our size, it will be extremely difficult if we don’t have a consumer credit scheme. People…
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Official exchange rate strengthens to N1,300/$1, best in 8 weeks
The exchange rate between the Naira and the Dollar closed at N1,300/$1 on Wednesday on the official NAFEM window, marking…
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Eko DisCo fires CEO, Chiefs over NERC directive
The Board of Eko Electricity Distribution Company has removed Dr. Tinuade Sanda from her position as Managing Director/Chief Executive Officer…
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Nigeria’s money supply hits historic N95.56 trillion in Feb 2024 despite MPC’s tightening stance
Nigeria’s broad money supply (M3) has surged to a new historic high of N95.56 trillion as of February 2024 despite…
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CBN raises benchmark MPR by 200 basis points to 24.75%
The CBN’s Monetary Policy Committee (MPC) has increased the benchmark interest rate by 200 basis points from 22.75% to 24.75%.…
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CBN sells dollars to BDCs @N1,251/$1 as naira regains strength
The Central Bank of Nigeria has issued a circular to Bureau De Change operators (BDCs), informing them that it has…
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BINANCE EXECUTIVE, NADEEM ANJARWALLA, ESCAPES FROM LAWFUL CUSTODY WITH SMUGGLED PASSPORT
ABUJA , 25 March 2024 – The Office of the National Security Adviser confirms that Nadeem ANJARWALLA, a suspect in…
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Lagos police arrest 4 for faking kidnap, demanding N5m ransom
The operatives of the Lagos State Police Command have arrested no fewer than four suspects for allegedly faking abduction in…
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N30trn Ways and Means Probe: How Emefiele signed billions of naira in 13 places – Panel
“The Committee of Governors ought to be the signatory to the ways and means account, but in the document we…
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