Finance

More Pressure On Naira Ahead Possible Interest Rate Hike

Financial experts have said there are concerns that the Central Bank of Nigeria (CBN) low net FX reserves and the defense of the naira sparked risk-off sentiments amongst foreign investors…

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Southern Groups Join Northern Coalition to Condemn Planned Protest for Nnamdi Kanu’s Release

A coalition of southern socio-political groups has joined the Coalition of Northern Groups (CNG) in…

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Nottingham Forest Sacks Ange Postecoglou After 3-0 Home Defeat To Chelsea.

      Nottingham Forest has sacked manager Ange Postecoglou today after a 3-0 home…

Wike Denies Alleged Plot To Contest Presidential Election In 2027

    The Minister of the Federal Capital Territory, Nyesom Wike, has denied nursing presidential…

Lagos Police Assures Residents Of Safety, Plans To Clampdown On Area Boys

    The Lagos State Police Command says it is aware of the recent spike…

Ojelowo’s Death is a Monumental Loss in Nigerian Football… Best Talent FC Boss, Adeyinka Adeyemo Laments

It was a dark Friday in Ibadan, the Oyo state capital as the football loving…

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Nigerian Guild of Editors Reschedules 2025 Conference, Tinubu to Declare Event Open

The Nigerian Guild of Editors (NGE) has announced the postponement of its 2025 All Nigeria…

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Just for You

Oyo NMA Threatens “Mother of All Strikes” Over Welfare Crisis at LAUTECH

The Nigerian Medical Association (NMA), Oyo State chapter, has issued a stern warning to the…

FG Makes NERD Compliance Mandatory for NYSC Mobilisation  

The Federal Government has announced that compliance with the National Policy for the Nigeria Education…

Tinubu Appoints Joash Amupitan as New INEC Chairman

The National Council of State has approved the appointment of Professor Joash Ojo Amupitan (SAN)…

Lasted Finance

Illicit financial outflows cost Nigeria, others $50bn annually – Shippers’ Council

Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’…

Insurers’ assets hit N3.3trn as premium income rises by 51%

Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per…

Global growth remains unchanged at 3% in 2024 – IMF

The International Monetary Fund (IMF) says global growth is projected to remain unchanged at 3.2 per cent in 2024 and…

Poverty alleviation: Court orders Buhari’s minister to explain N729bn disbursement

Justice Dehinde Dipeolu of the Federal High Court in Lagos has directed the former Minister of Humanitarian Affairs, Disasters Management…

Banks recapitalization will increase loans, advances — Proshare

Analysts at Proshare Nigeria, an online news media, have projected increased bank loans and advances among other things following banks’ recapitalization.…

Naira depreciates to N1, 520/$ in parallel market

The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. Similarly, the…

CBN to sanction banks for rejecting old, small Dollar denominations

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of…

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in…

CBN’s Interest Rate Hike Hindering Growth, Job Creation – Dangote

The President and Chief Executive Officer of the Dangote Group, Aliko Dangote, yesterday faulted the hike of interest rate to…

CBN will support Eurobond issue, measures to boost external reserves – Cardoso

Governor, Central Bank of Nigeria, Olayemi Cardoso yesterday said that the apex bank will support measures to boost the nation’s external…