By Sodiq Adelakun In a significant move to address the foreign exchange liquidity issues in Nigeria, the Central Bank of Nigeria (CBN) has completed tranche payments to 31 banks, aiming to clear the longstanding backlog of foreign exchange forward obligations.…
By Sodiq Adelakun Police in Ogun on Sunday denied torturing a suspected cultist who died in their custody. Police spokesperson in the state, SP Omolola Odutola, confirmed in a statement in Abeokuta on Sunday that the suspect died in police…
President Bola Ahmed Tinubu has approved the appointment of a new board for the Ministry of Finance Incorporated (MOFI) while also reappointing Dr. Armstrong Ume Takang as CEO/Managing Director of MOFI. MOFI was incorporated under the provisions of Sections 2…
The Central Bank of Nigeria (CBN) has declared that its policy strategies have contributed to the reduction of liquidity in the banking sector to under N100billion as at November 2023. Speaking at the 60th Dinner of the Chartered Institute of…
The African Development Bank (AfDB), on Sunday urged Africa governments to own and ensure the sustainability of their macroeconomic policy models. The Division Manager of the Macroeconomic Policy, Sustainability, and Forecasting Division of the research department of AfDB, Anthony Simpasa,…
The Economic Commission for Africa (ECA), says Africa can industrialise, integrate, and finance its development without depending on foreign support. Mr Adam Elhiraika, the Director, Macro Economic Policy Division at ECA, told the News Agency of Nigeria (NAN) that the…
Napoli manager, Walter Mazzarri has continued to shower praises on Victor Osimhen following the forward’s impressive display in the win against Atalanta on Saturday. Osimhen made his return to the Serie A champions squad after recovering from a hamstring problem.…
The Socio-Economic Rights and Accountability Project, SERAP, has written to the World Bank, asking it to suspend loans to the country’s 36 states. In a letter addressed to Mr Ajay Banga, the World Bank President, SERAP urged him “to promptly,…
The Police Command in Benue said it rescued two kidnap victims, arrested a tax collector and 17 others in Logo Local Government Area of the state. This was contained in a statement on Sunday signed by the State Police Public…
The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has called on Nokia Networks to increase its investments in Research and Development (R&D) to boost the local content of Nigeria’s Information…
