As reactions continue to trill the judgement of a Federal High Court in Abuja on the Rivers State fund, former Vice President Atiku Abubakar has cautioned the judiciary against acts capable of setting the state on fire. Atiku, while expressing…
Why is Yemi Cardoso so focused on the MPR? – Toni Kan
Yemi Cardoso, Governor of the Central Bank of Nigeria was guest of the Harvard Club of Nigeria in Lagos on Friday October 4th, 2024. In speaking to the topic – “Leadership in Challenging Times: Restoring Credibility, Building Trust, and Containing…
Zenith Bank set to raise N290b capital via Rights Issue and Public Offer
Zenith Bank Plc has unveiled plans to raise N290 billion through a combined Rights Issue and Public Offer. The announcement came during a signing ceremony held on July 29, 2024, at The Civic Centre in Lagos, according to a statement.…
Court orders Emefiele to forfeit $1.4m bribery proceeds
The Federal High Court in Lagos, on Tuesday, ordered the final forfeiture of the sum of $1,426,175.14 linked to the immediate-past Governor of the Central Bank of Nigeria, Godwin Emefiele. Justice Ayokunle Faji ordered the final forfeiture of the funds…
FirstBank appoints Olusegun Alebiosu as new MD/CEO
Olusegun Alebiosu, the executive director of FirstBank Group, has been appointed as its acting managing director with immediate effect. The bank made this announcement on Sunday through a statement by its Acting Company Secretary, Adewale Arogundade. The former Managing Director,…
Steady dollar supply pushes naira to 1,262/$
The naira, on Wednesday continued its gain against the United States dollars, appreciating both at the official foreign exchange and parallel markets, to the delight of many Nigerians. At the Nigerian Autonomous Foreign Exchange Market, the naira gained N16 or…
REMITA selected based on merit – CBN
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, has highlighted the fact that Remita was selected based on merit to provide an electronic platform essential for facilitating payments from Ministries, Departments and Agencies (MDAs) to beneficiary…
Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers…
Naira rebounds to N1,400/$ as speculators offload forex
The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria announced…
TSA: HoR to sanction non-compliant MDAs, summons CBN, AGF and HMoF
The House of Representatives Committee on Public Accounts (PAC) has resolved to sanction Ministries, Departments and Agencies (MDAs) that flout the TSA regulations. In a bid to uphold transparency and accountability, the Committee has summoned the Governor of the Central…