Woman Bags Jail Terms for Money Racketeering in Lagos
March 17, 2024 The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC on Friday secured the conviction and sentencing of one Bose Lateef before Justice Deinde Dipeolu…
Budget: First time in over 20 years, Capital Expenditure exceeds Recurrent
We have observed that for the first time in over two decades, capital expenditure funds are higher than allocations to recurrent. By the nation’s annual budget precedence, this is remarkable…
How Emefiele Allegedly Awarded Multi-Billion Naira Contracts to Family & Associates-Witness tells court
March 11, 2024 A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria, CBN, Godwin Emefiele on Monday, told Justice Hamza Muazu of…
CBN: EFCC should probe all Buhari’s appointees – Human Rights Lawyer
Human rights lawyer, Pelumi Olajengbesi on Friday called on the Economic and Financial Crimes Commission (EFCC) to audit the financial transactions of all officials of government who served under…
Diaspora remittances: FX inflow rose significantly to $1.3bn in February – CBN
March 8, 2024 The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February. Acting Director, Corporate Communications Department of the…
Reforms will unlock Nigeria’s economic fortunes, perseverance is key
The current economic reforms in Nigeria are where the fortunes of the Africa’s largest economy will be unlocked, a Think Tank group, the Independent Media and Policy Initiative (IMPI),…
Addressing food insecurity immediate priority for Nigerian govt- IMF
March 5, 2024 The International Monetary Fund (IMF), says addressing food insecurity should be the immediate priority for the Nigerian government. The IMF said this in its End-of-Mission statement issued…
CBN Concludes Sale Of N1trn Govt Securities, Says Investors Oversubscribed
March 4, 2024 The Central Bank of Nigeria (CBN) has concluded sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management exercise,…
Extreme and continuous monetary tightening by CBN, are we on the right track?
By Segun Sanni The Buhari government did great damage to Nigeria’s economy for the excessive money it created and threw carelessly into the economy. We’re facing the extremely negative impact…
CBN revokes licences of 4,173 BDC operators
March 1, 2024 The Central Bank of Nigeria (CBN), has revoked the licenses of 4,173 Bureaux De Change Operators. The Apex bank announced this in a statement signed by Sidi…