Nigeria: CBN Pegs Minimum Capital Bases for Banks At N500bn, N200bn

Days after urging Nigerian banks to expedite action on the recapitalisation of their capital base in order to strengthen the nation's financial system, the Central Bank of Nigeria… Read more »

Nigeria: Just-in - Nationwide Blackout Looms As National Grid Suffers Fresh Collapse

Nigeria has yet again suffered another nationwide blackout as the national electricity grid, centrally managed from Osogbo, Osun State, suffered a collapse at approximately 4:30pm… Read more »

Nigeria: Killing of 17 Soldiers - Wanted Delta Monarch Reports Self to Police

Determined to prove his innocence in the controversy surrounding the murder of 17 military men in Okuama, the Ovie of Ewu-Urhobo Kingdom, Ughelli South local government area of… Read more »

Nigeria: Reps Panel Accuses CBN, Banks of Sharing N15bn Remittance

The House of Representatives' Committee on Public Accounts has accused the Central Bank of Nigeria (CBN) and commercial banks of complicity in the sharing of the N15 billion… Read more »

Nigeria: Dangote, Elumelu, Others Make Tinubu's New Economic Team

In a strategic move to bolster the nation's economic governance frameworks and ensure robust and coordinated economic planning and implementation, President Bola Ahmed Tinubu has… Read more »

Nigeria: Insurance Assets Rises By 27 Percent, Hits N2.67trn

Nigeria's insurance industry recorded a significant improvement in real terms as the market recorded total assets of N2.67 trillion and capitalisation of N851 billion in 2023,… Read more »

Nigeria/Mali: Super Eagles Lose 2-0 to Tactical Mali

Nigeria's Super Eagles suffered a 2-0 defeat to the Les Aigles of Mali in their second international friendly match Tuesday's night in Marrakech, Morocco. Read more »

Nigeria: Exchange Rate - Marketers Deny Downward Adjustment in Petrol Pump Price

Petroleum product marketers and other operators in the downstream sector, have denied speculations that pump price of petrol at depot facilities have been adjusted downwards. Read more »

Nigeria: Police Rescue Five Abducted Travellers in Katsina

Katsina State Police Command said its officers have rescued five kidnap victims travelling from Abuja to Zamfara State on 9th March 2024. Read more »

Nigeria: Just-in - CBN Begins Forex Sales to BDCS At N1,251/$1

The Central Bank of Nigeria (CBN) has issued a circular addressed to Bureau De Change operators (BDCs), revealing that each BDC has been allocated $10,000 at a rate of N1,251/$1. Read more »

Nigeria: Skymax CEO Bags 'Nigeria's Digital Economy Personality' Award

The chief executive officer of Skymax Integrated Network Limited, Chidi Charles Agukwe, has been honoured as a critical stakeholder and driver occupying an important position in… Read more »

Nigeria: Embracing Excellence - Abiodun Sowemimo Joins Forbes Finance Council

In March 2024, the global business community welcomed a visionary leader and innovative thinker, Abiodun Sowemimo, into its esteemed ranks. As the Founder and CEO of CapitalMetriQ… Read more »

Nigeria: A Chairman Petitions INEC Over Alleged Plot to Destabilize Party

The National Chairman of the Action Alliance (AA), Kenneth Udeze, has petitioned with the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu,… Read more »

Senegal: Senegal's Election Another Success Story in Ecowas After Liberia - Sandy

Chairperson of the Regional Centre for Governance and Security Policy Initiative (RCGSP), Jonathan Sandy, has described the presidential poll in Senegalese won by Bassirou Faye as… Read more »

Nigeria: EFCC Arraigns Man Over Alleged N7.1m Fraud in Sokoto

The Sokoto Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned one Ibrahim Isah before Justice Bashar Tambuwal of the Sokoto State High Court. Read more »

Nigeria: Again, CBN Increases Interest Rate to 24.75 Percent

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate by 200 basis points to 24.75 per cent in a continued chase to tame inflationary pressures. Read more »

Nigeria: Fish Out Killers of Soldiers in Delta, Ohanaeze Tasks Tinubu

Apex Igbo sociocultural organisation, Ohanaeze Ndigbo has urged President Bola Tinubu to leave no stone unturned to fish out the culprits involved in the killing of 16 military… Read more »

Nigeria: 13th African Games - Govt Hails Team Nigeria for Finishing 2nd With 47 Gold

As the curtain draws on the delayed 13th African Games on Saturday in Ghana, President Bola Ahmed Tinubu has celebrated the athletes that represented Nigeria gloriously at the… Read more »

Nigeria: Govt Officials Cautioned Against Abuse of Power

Government officials and public office holders in the country have been called upon to take brave decisions and implement policies to address the source of Nigeria's current… Read more »

Nigeria: Naira Gains 10 Percent to N1,382/$ After CBN Clears Forex Backlog

Following the clearing of all valid foreign exchange backlogs by the Central Bank of Nigeria (CBN) on Wednesday, and increased inflow at the Nigeria Autonomous Foreign Exchange… Read more »

Nigeria: 36 Percent of Nigerian Major Banks' CEOs Now Women

Formerly dominated by men, the Nigerian banking industry is gradually being overtaken by female banking gurus as the number of women leading the major banks in the country has… Read more »

Nigeria: Federal Govt Launches Special Forces to Protect Mining Sites

The federal government yesterday unveiled a special forces outfit, the Mines Marshals, to secure mineral sites and combat illegal mining in the country. Read more »

Nigeria: Ex-DSS Boss Seeks Independent Probe of Troops' Killing in Delta

A former director of the Department of State Services (DSS), Mike Ejiofor, yesterday called for an independent probe of the murder of 17 soldiers and officers in Okuama in the… Read more »

Nigeria: Cso Charges Tinubu On Robust Anti-Graft Strategy

A civil society organisation (CSO), Resource Centre for Human Rights & Civic Education (CHRICED) has called on President Bola Ahmed Tinubu to create a national strategy on the… Read more »

Nigeria: CBN Clears Valid Forex Transactions, Eliminates $7bn Legacy Backlog

The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, thereby fulfilling a key pledge of the CBN governor, Olayemi… Read more »