Economists in Nigeria say that as long as the country does not address the root causes of the naira's depreciation, it will continue to face even greater economic pressures than ever before. The fall in the value of the naira, especially against the US dollar, the world's most widely used international currency, has further plunged Nigerians into a sharp rise in commodity prices.
Opinion: 2 Reasons why APC Might Win Anambra State Governorship Election Despite Soludo’s Popularity
Photo Credit: vanguard In less than three months from now, all eyes will be on Anambra State where the governorship election is due to take place. After the initial chaos from the party primaries, all the leading candidates are gradually settling down to get the job done.
Mixed reactions have trailed the recent declaration by Governor Godwin Emefiele of the Central Bank of Nigeria (CBN) that the apex bank may soon start printing Gambian currency in Nigeria. The Governor revealed that the bank is ready to help the Central Bank of Gambia in printing its currency.
The founder of Crowwe, who was also a former Presidential Aspirant in 2019, Adamu Garba has taken to his official Facebook page to react to the accusation that his company, IPI Solutions received a total sum of N136.8 Million from the Federal Government to develop an app similar to Facebook and Twitter.
Festus Samuel Okotie-Eboh was born on July 18, 1912 to Prince Okotie-Eboh in southern Nigeria. At the age of 18, he attended the Sapele Baptist school, which was a missionary school. He took up an appointment an Assessment Clerk in the township of Sapele. From 1931 to 1935, Okotie-Eboh joined the British Bata shoe company and worked first as a Clerk and later as the Chief Clerk.
It was today reported that the former Deputy Governor of the Central Bank of Nigeria, CBN, Dr. Obadiah Mailafia died at the age of 64. The death of this man has caused several Nigerians to react differently Based on that note, a well known human rights activist, Adeyanju Deji decided to react.
Deji Adeyanju, a Nigerian activist, does not need an introduction. He has participated in numerous protests on a variety of issues. According to the Daily Post, Deji has called for the Governor of the Central Bank, CBN, to be fired. The reason for the call is the current Naira-to-dollar exchange rate and the damage he believes the Governor of the CBN is causing to the Nigerian economy.
The Central Bank of Nigeria (CBN) has declared that it will dispatch the pilot plan of its advanced money (eNaira) by October 1, 2021. This was disclosed by Rakiya Mohammed, CBN overseer of data innovation. She clarified that the pinnacle bank began an exploration on the Central Bank Digital Currency (CBDC) in 2017.
Amid the insecurity challenges currently ravaging the Northern part of the country, the former governor of Central Bank who is also a one time Emir of Kano State, Sanusi Lamido Sanusi has come out to suggest that technology for teaching the girl child should be deployed in the North since insecurity wouldn't let their parents send them out to school anymore.
It was recently reported that the former Central Bank Governor and the candidate of All Progressives Grand Alliance APGA, in the forthcoming Governorship election in Anambra State, Professor Chukwma Charles Soludo, claimed that Anambra State government always lose ₦19.6 billion every sit at home day. Based on this statement that was made by the former governor of the central bank, I really think that the government of Anambra State and the people of Anambra should be worried because of this recent statement that came from Chukwma Soludo.
Each country has its own unique identities. Some of these basic traits are natural, while others are designed to give society pride and glory. The Central Bank of Nigeria (CBN) has warned that spraying money at weddings and other social activities is still a crime.
The official website of the anticipated Central Bank of Nigeria (CBN) digital currency, enaira.com, has had over one million hits just a few hours after it went live. This comes one week before the initiative's scheduled launch. The development could be interpreted as a reflection of the proposed digital currency's degree of interest.
According to acting director of the Central Bank of Nigeria Corporate Communications Osita Nwanisobi in a statement made during an interactive session in Calabar with the organized labor over the weekend, he said the apex bank is not capable of enforcing sanction against violators of its financial or currency rules of the bank.
Former governor of Afghan's Central Bank and Economic Advisor to now ousted President of Afghanistan now known as the Islamic Republic of Afghanistan, Ajmal Ahmady has revealed that the Taliban government will not have access to the country's foreign reserve. This he says is due to the fact that the country's assets are all held held at Fed, BIS, RAMP, or other bank accounts outside of the country.
It was reported today that the former Central Bank Deputy Governor, Dr. Obadiah Mailafia died at the age of 64, after a brief illness. The sudden death of this courageous young man caused several Nigerians to react differently. Based on that hat note, the former special assistant to former president Goodluck Jonathan, Reno Omokri decided to react.
From the information flaunting on the NYIF official portal on social media today, that the Nigerian Youth Investment Fund has commenced the approval of some candidates loan application status. Therefore, applicants who were shortlisted for the programme are advised to visit the NYIF official portal https//nyif.nmfb.com.ng/login to check their loan status as the approval commences.
A Federal High Court found in Abuja granted Nigeria Central Bank an order to freeze the accounts of Nigerian investment technology companies Bamboo, Monté, Chaka and Trove. The order is to subsist for 180 days (six months) awaiting investigations to be administered by the APEX Bank.
The central Bank of Nigeria has proposed to launch it's very own digital currency following an advice by the Vice President ,Yemi Osinbajo that crypto currency should be regulated not banned. Photo credit: this image was obtained from nairaland. The decision to launch it's digital currency was reached during a private webinar on Thursday.
Soludo's quest to become the governor of Anambra State dates back to 2010 when some leaders of the party called on him to fly the party's ticket in the 2013 governorship elections. He faced his first challenge when the zoning arrangements in the state was against his emergence.
Following the ban of twitter, the online microblogging and social networking site by the federal government of Nigeria, there has been a recent statement from the information minister about banning all other social media platforms that most Nigerians uses like Facebook Instagram and others if care is not taken.