Blog

European Central Bank to raise interest rate
News

European Central Bank to raise interest rate

The European Central Bank will almost definitely raise interest rates again on Thursday, continuing its war against inflation even as the eurozone enters recession. According to The Punch, analysts predict that the ECB will follow May’s lead and increase borrowing costs once again by 25 basis points, bringing the widely watched deposit rate to 3.50 percent. After […]

102.39m Nigerians now have NIN - NIMC
News

Lagos, Kano, Kaduna rank highest in NIN registration list

A recent report by the National Bureau of Statistics has revealed that between 2019 and 2021, registration with the National Identity Management Commission was highest in Lagos, Kano, and Kaduna. The data states that Lagos state had the most registrations in 2019 with 560,757, followed by Kano with 485,912 and Kaduna state with 595,284. Lagos […]

Marketers predict more fuel queues due to pipeline vandalism
News

Group to stage June 12 protest over subsidy removal

A total of 120 civil society organizations have designated Monday, June 12, as a day of protest against fraud involving fuel subsidies and the increase in fuel prices after President Bola Tinubu’s statement that the subsidies will be removed. The Punch reported that the organizations claimed to have seen firsthand the suffering and chaos that the […]

Loan apps: FCCPC to address rising debt with new policy
News

FCCPC sets rules for registering loan apps deleted by Google

The Federal Competition and Consumer Protection Commission has established requirements for loan apps that have been removed from the Google Play store in order to be registered by the Commission. Nairametrics reported that FCCPC announced this at the same time that it has resumed registration of digital money lenders after closing it on March 27, 2023, following […]

Four consortia to repair deteriorated pipelines - NNPCL
News

NNPCL debunks Mele Kyari’s rumoured suspension

Kazeem Owoseni     The Nigerian National Petroleum Corporation Limited on Saturday refuted the rumours suggesting that its Group Chief Executive Officer, Mele Kyari, has been sacked by President Bola Ahmed Tinubu.   NNPCL’s Chief Corporate Communications Officer, Garba Deen Muhammad, told Daily Post in a telephone conversation that the news was untrue.   “It […]

Farmers lament as food prices soar
Foods

Stakeholders seek partnership to promote food safety measures

Stakeholders, such as the Food and Agriculture Organization of the United Nations and the Health Ministry, among others, have urged for increased cooperation and a united front to battle foodborne illnesses and improve food safety measures. Leadership reported that the appeal came as the international community observed World Food Safety Day in 2023 in recognition […]

Court strikes out N1bn suit against Buhari, Emefiele over Naira redesign
News

Emefiele: ‘Foreign investors may lose faith in Nigeria’s economy’

  By Wilson Adekumola   The Agbor professionals business Group has criticized the suspension of the Central Bank Governor, Mr. Godwin Emefiele, noting it can make foreign investor lost faith in Nigeria’s economy. The group made this disclosure in a statement signed by its coordinator Mr.Tony Ugbejie, explaining that this is becoming a pattern as […]

Emefiele: Five things you should know about acting CBN gov
News

Emefiele: Five things you should know about acting CBN gov

    By Christian George Folashodun Adebisi Shonubi has been appointed as the acting governor of the Central Bank of Nigeria. This followed the suspension of Mr Godwin Emefiele on Friday by President Bola Tinubu. Emefiele was mandated to immediately hand over to Shonubi. The acting governor of the apex bank is expected to run […]

Naira drops 0.64% after Emefiele's arrest - Report
Business

Naira drops 0.64% after Emefiele’s arrest – Report

The naira sank further against the dollar on Friday at the Investors and Exporters window, trading for N472.50 to the dollar. According to The Punch, in comparison to the N469.50 it exchanged for the dollar on Thursday, the local currency experienced a 0.64 percent decline. On Friday, the open indicative rate reached a high of N471.32 […]

Shonubi takes over as acting CBN gov
News

Shonubi takes over as acting CBN gov

  Kazeem Owoseni   Following the suspension of the embattled Governor of the Central Bank of Nigeria, Godwin Emefiele, by the President, Bola Ahmed Tinubu, Folashodun Adebisi Shonubi, has been directed to take over from the governor. President Tinubu had on Friday, directed that Emefiele should hand over the affairs of the CBN to the […]

Ministry nears complete review on Abuja estate linked to Emefiele
Opinion

Emefiele: Good riddance to Nigeria’s worst CBN gov, says Onanuga

The Directory of Media and Publicity, Tinubu/Shettima campaign, Bayo Onanuga, has described the suspension of the Central Bank of Nigeria Governor, Godwin Emefiele, as good riddance.   PUNCH Metro had reported on Friday night that the President, Bola Ahmed Tinubu, suspended Emefiele, amid an ongoing investigation of his office and planned reforms in the financial […]

JUST IN: Emefiele orders banks to dispense old naira notes - Soludo
featured News

BREAKING: DSS arrests Emefiele

The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, has been arrested by the Department of State Services, according to Daily Post.   PUNCH Metro had reported that Emefiele was earlier suspended on Friday by President Bola Tinubu.   Tinubu also appointed Mr Folashodun Adebisi Shonubi as the acting Governor of Central Bank of […]