Fakoyejo Olalekan

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

Nigeria’s economy will decline between 2023 and 2024, the International Monetary Fund (IMF) has revealed in its World Economic Outlook Update. The IMF said the decline will be driven by the country’s oil sector, which has been battling sabotage and oil theft for

July 26, 2023

CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Firms

Business

CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Fintech Firms

The post-no-debit restriction placed on accounts belonging to crypto exchange, Yellow Card Financial, Fintech firm, Rise Vest Technologies Limited and over 400 companies will be vacated, according to the Central Bank of Nigeria (CBN). The CBN said a total of 440 individuals

July 26, 2023

Business·Currency

Dollar Rate Drops In CBN-backed Official Channel, Up In Black Market

The dollar rate dropped in the Investors’ and Exporters’ window to N791.42/$1 on Tuesday, 25 July, from N792.04/$1 reported on Monday. According to the FMDQ Exchange, the N0.62 kobo increase in the price of the dollar occurred at the close of trading in

July 26, 2023

CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

Business

CBN Says Subsidy Removal, Naira Devaluation Will Fuel Inflation Rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) said the removal of subsidy on Premium Motor Spirit (PMS) and the naira devaluation will fuel the inflation rate. Members of the MPC stated that the continued hike in food

July 26, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business

Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) increased the monetary policy rate (MPR), the benchmark interest rate, to 18.75 per cent on Tuesday. After the committee’s meeting on Tuesday, which is the first without Godwin Emefiele in

July 25, 2023

Business

DSS Rearrests Emefiele After Tussle With Prison Officials

The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will not be leaving the custody of the Department of State Services (DSS) anytime soon, as he was rearrested on the court premises. Emefiele was arraigned by the DSS on

July 25, 2023

Emefiele Settles For Plea Bargain In N6.9bn Procurement Fraud Case

Business

Updated: Emefiele Secures N20m Bail After FG’s Protest

The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has pleaded not guilty in the illegal firearm case instituted by the Department of State Services (DSS). Emefiele was arraigned on Tuesday, 25 July, in the Federal High Court on

July 25, 2023

Business

Emefiele Presented In Court, DSS’ Case Against Ex-CBN Chief Begins

The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been arraigned by the Department of State Services (DSS). Emefiele was presented to the federal high court in Ikoyi, Lagos, on Tuesday, to face an allegation of possession of

July 25, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira To Dollar Rate Hits N792/$1, Black Market Price Up N23

The naira to dollar rate traded as high as N855/$1 on Monday, and as low as N650/$1 in the Investors’ and Exporters’ window of the official market. However, at the close of trading, the United States currency drew the curtain at N792.04/$1,

July 25, 2023

Business

TUC Threatens FG With Protest Over Delay In Negotiation, Gives ultimatum

The President of Trade Union Congress (TUC), Comrade Festus Osifor, has warned that workers will commence protest against the Federal Government should both parties fail to reach an agreement on 19 August 2023. On Monday, Osifor said the government has two weeks

July 25, 2023

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Fakoyejo Olalekan

Nigeria’s Economy To Decline, IMF Reveals, Proffers Solution

CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Fintech Firms

Dollar Rate Drops In CBN-backed Official Channel, Up In Black Market

CBN Says Subsidy Removal, Naira Devaluation Will Fuel Inflation Rate

Updated: CBN Raises Interest Rate To 18.75%, To Affect Prices Of Goods

DSS Rearrests Emefiele After Tussle With Prison Officials

Updated: Emefiele Secures N20m Bail After FG’s Protest

Emefiele Presented In Court, DSS’ Case Against Ex-CBN Chief Begins

Naira To Dollar Rate Hits N792/$1, Black Market Price Up N23

TUC Threatens FG With Protest Over Delay In Negotiation, Gives ultimatum

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