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Tag: financial system

Moghalu: Alleged $35,000 Bribes For Party Delegates Dangerous Omen For 2023

Former Central Bank of Nigeria (CBN) Deputy Governor, Prof. Kingsley Moghalu
Says Nigeria needs 21st century president A Presidential Aspirant on the platform of the African Democratic Congress (ADC), Prof. Kingsley Moghalu, yesterday said doling out $35,000 allegedly to party delegatesRead More

Buhari: Prices Of Rice, Other Food Items To Crash Soon

President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down.
Rice importation from Thailand drops by 99.83% as Emefiele praises farmers for their doggedness despite challenges President hails CBN Governor, Fayemi, Bagudu, others’ contribution to agriculture PDP mocks FG, APCRead More

Digital Currency Gains Traction As CBN Appoints Technical Partner

Central Bank of Nigeria vs Cryptocurrency
IMF urges caution on adoption of cryptocurrency as national currency The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partnerRead More

FDC: Ending FX Sale To BDCs Disrupts ‘Juiciest Economic Racket’

CBN Governor, Mr. Godwin Emefiele
Says Nigeria spending more on bureau de change than debt service Naira depreciates to N525 on parallel market, stable on I & E window By putting an end to theRead More

CBN Queries First Bank as CEO Is ‘Purportedly Ousted’

Central Bank of Nigeria (CBN)
Says bank under forbearance, liquidity support can’t remove helmsman without approval Shareholders weigh options, Otudeko, Odukake and Adenuga in battle for conntrol The Central Bank of Nigeria (CBN) yesterday queriedRead More

Analysts Foresee Faster Economic Recovery As Oil Price Hits $60

International Monetary Fund (IMF)
IMF urges FG to embark on aggressive revenue mobilisation Advises FG to raise VAT to 10% by 2022 Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oilRead More