Don’t allow sale of Polaris Bank: Group appeals to Buhari, knocks CBN
A civil rights advocacy group, Human Rights Writers Association of Nigeria, (HURIWA) has called on President Muhammadu Buhari, to compel Central Bank of Nigeria (CBN) not to sell Polaris Bank….
Economy: Dynamics And Battles of CBN, By Arize Nwobu
The economy is the ‘oxygen’ of a people, and is basically about the allocation of scarce resources for production, distribution and consumption for the fulfillment of the needs of the…
How $3.8bn fuel subsidies crippled the naira; CBN fingers NNPC Ltd
Fresh facts have emerged on how inefficiency at the Nigerian National Petroleum Company Limited (NNPCL) has contributed to the growing crash of the naira at the forex market. Currently trading…
Shun speculative activities in FX market – CBN advises NigeriansÂ
July 29, 2022 The Central Bank of Nigeria (CBN), has advised Nigerians not to succumb to speculative activities of some players in the foreign exchange market. Mr. Osita Nwanisobi, CBN’s…
Naira collapse: Obi deserves praise for raising the alarm; CBN to monitor politicians
Aftermath of the falling value of the naira, and the possible concerns recently expressed by the Labour Party Presidential Candidate, Mr Peter Obi, on the continued spending of foreign currency…
CBN Gov. to inaugurate Unilorin poultry farm July 21 – Official
July 18, 2022 Mr. Godwin Emefiele, the Central Bank Governor, will on July 21 inaugurate the multimillion naira Unilorin GgMAX Integrated Poultry Farm. The farm is located at Amoyo in…
Nigeria’s crude oil production spikes, averages 1.238m bpd in June – OPEC
By Solomon Asowata The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in…
Operational cost forced companies to prune down workforce by 40% – MAN
June 29, 2022 Members of the Manufacturers Association of Nigeria (MAN) have been forced to reduce their workforce by 40 per cent due to high operational cost. Its South-West Chairman,…
ECONOMIC CHALLENGES AND CBN’s POLICIES, BY ARIZE NWOBU
In a recent report entitled ‘’Development Updates on Nigeria’’, the World Bank highlighted the current challenges of the economy which include a threatening inflation rate which stood at 17.7 per…
Financial Inclusion: Experts Identify Gaps In Achieving CBN Target
Experts in the nation’s financial sector have identified gaps in the set objectives by the Central Bank of Nigeria, CBN, to significantly reduce the number and percentage of adult Nigerians…