The Central Bank of Nigeria (CBN) has announced a significant boost to the Nigerian economy with a $1.5 billion foreign exchange inflow just two days after the Monetary Policy Committee (MPC) meeting. This inflow indicates a positive outlook for the foreign exchange market in Nigeria.
According to Mrs. Hakama Sidi...
The Central Bank of Nigeria (CBN) has introduced substantial increases in the minimum capital base for banks, effective immediately.
The recent policy shift, announced on Thursday, March 28, 2024, mandates a significant capital upgrade for banks operating at different authorization levels.
Commercial banks with international authorization must now elevate their capital...
President Bola Tinubu has given his nod to the appointment of Dr. Abdullahi Usman Bello as the Chairman of the Code of Conduct Bureau (CCB), awaiting confirmation by the Nigerian Senate. The announcement was made through a statement from the Special Adviser to the President on Media and Publicity,...
IPresident Bola Tinubu has taken a strategic step by approving the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) to address Nigeria's current economic challenges.
The announcement was made by Presidential spokesman Ajuri Ngelale in a statement, highlighting the goal of strengthening...
President Bola Ahmed Tinubu has taken a decisive step towards enhancing Nigeria's economic governance by establishing the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET), ushering in a new era of coordinated economic planning and implementation.
PECC: Strategic Leadership for Economic Coordination
The PECC, chaired by...
A senior commander of the Zamfara State Community Protection Guard (CPG), Aminu Sarkin-Baura, along with another official, lost their lives while bravely defending Tsafe town from a terrorist attack on Monday night. The incident, which occurred during an attempt to repel the terrorists' assault on the headquarters of Tsafe...
President Bola Tinubu emphasized the urgent need to treat kidnappers as terrorists during a Ramadan dinner with Federal judiciary members, led by Chief Justice of Nigeria (CJN) Justice Olukayode Ariwoola. Tinubu stated, ''We must treat kidnappers as terrorists. They are cowardly. They have been degraded. We must treat them...
The European Union (EU) continues its steadfast support for Nigeria's energy sector, introducing two groundbreaking projects totaling €9 million. Revealed during an impactful workshop in Abuja in partnership with the Federal Government and United Nations Industrial Development Organization, these initiatives aim to revolutionize Nigeria's energy landscape and foster a...
Dr. Paul Akintelure, a notable member and governorship aspirant of the ruling All Progressive Congress (APC), passed away on Tuesday morning. The renowned medical doctor succumbed to complications from chest pain after a four-day battle, leaving a void in the political landscape.
The news of Akintelure's demise was confirmed by...
The Nigerian Security and Civil Defence Corps Commandant General’s Special Intelligence Squad has exposed a large-scale illegal oil refining operation in Odagwa Community, Etche Local Government Area of Rivers State. The site, housing over 10 illicit refineries with an estimated 500,000 litres of crude oil, was discovered during a...
