3 h. ago CBN plans fresh battle against forex speculators as naira slides

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad actors whose activities undermine the stability of the naira. This came as findings showed that the naira depreciated slightly at the official Read More

Politics

10 h. ago Cardoso engages Harvard scholars on CBN’s intellectual, economic leadership

From Adanna Nnamani, Abuja The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the bank’s strong commitment to fostering intellectual engagement and advancing policy-driven solutions for sustainable economic growth. Cardoso stated this while hosting a delegation of scholars from the Harvard Kennedy School (HKS) as part of their Africa Trek, which included […] The post Cardoso engages Harvard scholars on CBN’s intellectual, economic leadership appeared first on The Sun Nigeria.

Politics

19 h. ago FG inaugurates AfCFTA coordinating committee to foster Nigeria’s economic growth

Tribune Online FG inaugurates AfCFTA coordinating committee to foster Nigeria’s economic growth The Federal Government has inaugurated a Central Coordination Committee (CCC) to oversee a holistic implementation of the African Continental Free Trade Area (AfCFTA) in a manner that would foster economic growth for Nigeria and regional trade integration for the continent. Speaking on Tuesday in Abuja while inaugurating the Committee, the Minister of Industry, Trade and […] FG inaugurates AfCFTA coordinating committee to foster Nigeria’s economic growth Tribune Online

Politics

22 h. ago CBN making progress on FX stability, inflation control – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the apex bank is making steady progress in stabilising the foreign exchange market and tackling inflation. According to a press statement by the CBN on Tuesday, Cardoso stated this when he received a delegation of scholars from the Harvard Kennedy School at the Read More

Politics

23 h. ago Livingtrust Mortgage Bank appoints Adekilekun board chairman

Tribune Online Livingtrust Mortgage Bank appoints Adekilekun board chairman Livingtrust Mortgage Bank has announced the appointment of Dr. Kamaldeen Adekilekun as its new Board Chairman. This strategic move follows the Osun State Government’s nomination, a significant shareholder in the bank, and subsequent approval by the Central Bank of Nigeria, solidifying the bank’s leadership structure. Dr. Adekilekun brings a wealth of experience to the role, […] Livingtrust Mortgage Bank appoints Adekilekun board chairman Tribune Online

Politics

24 h. ago Cardoso engages Harvard scholars, reaffirms CBN’s role in intellectual, economic discourse

From Adanna Nnamani, Abuja   The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to fostering intellectual engagement and policy-driven solutions.     According to a statement from the apex bank, Cardoso made this remark while hosting a delegation of scholars from the Harvard Kennedy School (HKS) […] The post Cardoso engages Harvard scholars, reaffirms CBN’s role in intellectual, economic discourse appeared first on The Sun Nigeria.

Politics

25 h. ago Alleged Sexual Harassment: Justice Egwuatu Withdraws From Natasha’s Case Against Senator Akpabio

Justice Obiora Egwuatu of the Federal High Court Abuja has stepped down from the case filed by Senator Representing Kogi Central, Senator Natasha Akpoti-Uduaghan. INFORMATION NIGERIA learnt that at the proceedings on Tuesday, Justice Egwuatu announced his decision to withdraw from the matter after the usual court appearances. He cited the allegation of bias from […] The post Alleged Sexual Harassment: Justice Egwuatu Withdraws From Natasha’s Case Against Senator Akpabio appeared first on Information Nigeria.

Politics

33 h. ago NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy

Tribune Online NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy THE president of the Nigeria Labour Congress (NLC), Joe Ajaero, has warned state governments against undermining the implementation of a Supreme Court judgment mandating local governments to establish accounts with the Central Bank of Nigeria (CBN) in order to receive their allocations directly. Several months after the Supreme Court granted full financial autonomy to local […] NULGE’s new leadership: Ajaero warns governors against undermining LG autonomy Tribune Online

Events

34 h. ago Taming capital flight through smart policies, exchange rate management

By Chinwendu Obienyi Amid escalating uncertainty over the United States’ economic outlook, driven by an ongoing tariff war with key trading partners, economic experts have urged the federal government to pool smart policies and bolster exchange rate management to insulate the country from concomitant shocks should reconciliatory talks go south. The Central Bank of Nigeria […] The post Taming capital flight through smart policies, exchange rate management appeared first on The Sun Nigeria.

Politics

40 h. ago Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

The naira on Monday appreciated in the official foreign exchange (FX) market as the Central Bank of Nigeria (CBN) accounted read more Naira gains as CBN accounts for 39.85% of dollar inflows in NFEM

Politics

49 h. ago Ajaero warns governors against undermining court order on LG autonomy

NULGE inaugurates new leadership From Adanna Nnamani, Abuja The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has issued a strong warning to state governments against undermining the implementation of a Supreme Court judgment mandating local governments to establish accounts with the Central Bank of Nigeria (CBN) in order to receive their allocations directly. […] The post Ajaero warns governors against undermining court order on LG autonomy appeared first on The Sun Nigeria.

Events

54 h. ago CBN Manages Project Account On Behalf Of OAGF, Witness Tells Court In Trial Of Ex

A staff of the Central Bank of Nigeria (CBN), Okoroafor Chinyere, who is also one of the witnesses in the trial of the former Minister of Power, Saleh Mamman, has told Justice James Omotosho of the Federal High Court, sitting in Abuja, that the apex bank managed the project account on behalf of the Office […]

Politics

54 h. ago Five Nigerian banks make progress in recapitalisation efforts

Tribune Online Five Nigerian banks make progress in recapitalisation efforts FIVE major Nigerian banks have made progress in their recapitalization efforts, moving closer to meeting the Central Bank of Nigeria’s (CBN’s) minimum capital requirements. The banks have ramped up fundraising initiatives to strengthen their financial positions, boosting investor confidence and reinforcing stability in the banking sector. FirstHoldCo, the parent company of FirstBank, recently concluded its […] Five Nigerian banks make progress in recapitalisation efforts Tribune Online

Politics

54 h. ago N1.18trn worth of Nigerian Treasury Bills to mature this week

Tribune Online N1.18trn worth of Nigerian Treasury Bills to mature this week As CBN auctions N700bn NIGERIA’S financial landscape is set for a significant shake-up this week as N1.18 trillion worth of Nigerian Treasury Bills are scheduled to mature. This development comes on the heels of the Central Bank of Nigeria’s (CBN’s) decision to auction N700 billion worth of Treasury Bills at the next Primary Market Auction […] N1.18trn worth of Nigerian Treasury Bills to mature this week Tribune Online

Politics

58 h. ago CBN: Harnessing innovation to unleash creative industry’s $25bn goldmine

By Uche Usim At a time the country is in dire need of foreign exchange to drive various developmental projects, the Central Bank of Nigeria (CBN) and the Bankers’ Committee’s are collaboratively championing innovation as a catalyst to unlock the immense potential of the country’s creative industry, valued at $25 billion. Using the fully revamped […] The post CBN: Harnessing innovation to unleash creative industry’s $25bn goldmine appeared first on The Sun Nigeria.

Politics

2 d. ago Gas facility erupts in flames as Rivers records second explosion

An explosion took place at the Soku oil facility in Akuku Toru Local Government Area barely one week after a similar incident on the Trans Niger Pipeline in Bodo, Gokana Local Government Area of Rivers State. The explosion was confirmed on Sunday by the Youths and Environmental Advocacy Centre (YEAC-Nigeria), an NGO with links in […] The post Gas facility erupts in flames as Rivers records second explosion appeared first on The Sun Nigeria.

Politics

3 d. ago LivingTrust Mortgage Bank Gets CBN Approval To Appoint 8 New Directors

LivingTrust Mortgage Bank Plc has secured the approval of the Central Bank of Nigeria (CBN) to appoint eight professionals to its board, signaling a strategic move to strengthen leadership and drive the company’s growth agenda. In a notification addressed to the Nigerian Exchange Group Limited (NGX Group) and signed by Dr. Olumide Adedeji, the managing […]

Politics

3 d. ago Ministry of Justice counts gains, to establish CMC centres in Ubiaja, Auchi

…As CMC receives 634 since creation     From Ighomuaye Lucky, Benin     Osagie said that recognizing the need for a more accessible, cost-effective, and timely means of resolving disputes, the Edo State Government established the CMC as part of his broader justice sector reforms.   Osagie said the Centre was created to serve […] The post Ministry of Justice counts gains, to establish CMC centres in Ubiaja, Auchi appeared first on The Sun Nigeria.

Politics

4 d. ago Digital economy: Shettima welcomes Visa Inc. plans to establish data centre in Nigeria

From Juliana Taiwo-Obalonye, Abuja Vice President Kashim Shettima has welcomed plans by Visa Inc. in a move to enhance Nigeria’s to establish a data centre in the country.   Andrew Torre Visa’s Regional President for Central and Eastern Europe, Middle East, and Africa, disclosed this development during a courtesy visit to the Vice President at […] The post Digital economy: Shettima welcomes Visa Inc. plans to establish data centre in Nigeria appeared first on The Sun Nigeria.

Politics

5 d. ago Shettima Welcomes Visa’s Plans To Establish Data Centre In Nigeria

Visa Inc., an American multinational payment card services corporation has updated Vice President Kashim Shettima on plans to site data centre infrastructure in Nigeria. This is in addition to its investments of over $1 billion in the country, including a substantial technological partnership with MoniePoint to foster digital payment solutions, a $200 million investment in […]

Politics