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ECONOMY-FINANCE

5 Factors That Affects The Nigeria Naira And Its Foreign Exchange Rate Which Gov't Must Rectify.

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.

  10 months ago ago
5 Factors That Affects The Nigeria Naira And Its Foreign Exchange Rate
Which Gov't Must Rectify.

POLITICS

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.

  11 months ago ago
Opinion: 2 Reasons why APC Might Win Anambra State Governorship Election Despite Soludo’s Popularity

ECONOMY-FINANCE

Reactions As Emefiele Reveals That The Central Bank May Soon Start Printing Gambian Currency

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.

  1 year ago ago
Reactions As Emefiele Reveals That The Central Bank May Soon Start Printing Gambian Currency

DIGITAL-TECHNOLOGY

We can work together and fix this country - Adamu Garba reacts amid N136.8m allegation

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.

  1 year ago ago
We can work together and fix this country - Adamu Garba reacts amid N136.8m allegation

SOCIETY

The Finance Minister From Southern Nigeria, Who Founded Nigeria's Central Bank In 1958

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.

  1 year ago ago
The Finance Minister From Southern Nigeria, Who Founded Nigeria's Central Bank In 1958

JUSTICE

Activist Adeyanju Deji Reacts To The Death Of Obadiah Mailafia.

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.

  11 months ago ago
Activist Adeyanju Deji Reacts To The Death Of Obadiah Mailafia.

ECONOMY-FINANCE

Deji Adeyanju Demands Emefiele's Removal as $1 Now Exchanges for N570 on the Black Market

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.

  10 months ago ago
Deji Adeyanju Demands Emefiele's Removal as $1 Now Exchanges for N570 on the Black Market

ECONOMY-FINANCE

What you need to know about eNaira, CBN’s proposed digital currency

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.

  1 year ago ago
What you need to know about eNaira, CBN’s proposed digital currency

EDUCATION

Why Sanusi's Suggestion For Technology To Be Deployed To The North For Education Is Dead On Arrival

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.

  10 months ago ago
Why Sanusi's Suggestion For Technology To Be Deployed To The North For Education Is Dead On Arrival

POLITICS

Why Anambra People Should Be Worried After Soludo Said "Anambra Loses ₦19.6bn Every Sit At Home."

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.

  10 months ago ago
Why Anambra People Should Be Worried After Soludo Said

ECONOMY-FINANCE

Stop Spraying Money At Weddings And Other Parties - CBN

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.

  1 year ago ago
Stop Spraying Money At Weddings And Other Parties - CBN

ECONOMY-FINANCE

Nigeria's E-Naira Platform Records One Million Hits Ahead Of October Launch

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.

  10 months ago ago
Nigeria's E-Naira Platform Records One Million Hits Ahead Of October Launch

ECONOMY-FINANCE

We Can't Sanction The Spray Of Naira Notes -CBN

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.

  1 year ago ago
We Can't Sanction The Spray Of Naira Notes -CBN

ECONOMY-FINANCE

Afghan's Former CBN Gov Reveals How Much Of The Country's Reserve The Talibans Will Have Access To

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.

  1 year ago ago
Afghan's Former CBN Gov Reveals How Much Of The Country's Reserve The Talibans Will Have Access To

POLITICS

Obadiah Mailafia's Death Is Fishy & Should Be Independently Investigated - Reno Omokri

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.

  11 months ago ago
Obadiah Mailafia's Death Is Fishy & Should Be Independently Investigated - Reno Omokri

PERSONAL-INVESTING

NYIF UPDATE: All Pre-qualified Applicants Should Login And Check Their Loan Application Status

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.

  1 year ago ago
NYIF UPDATE: All Pre-qualified Applicants Should Login And Check Their Loan Application Status

ECONOMY-FINANCE

Nigeria’s Central Bank freezes bank accounts of fintech platforms Risevest, Bamboo, Trove and Chaka

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.

  1 year ago ago
Nigeria’s Central Bank freezes bank accounts of fintech platforms Risevest, Bamboo, Trove and Chaka

ECONOMY-FINANCE

Breaking News: CBN Set To Launch Digital Currency Following Osinbajo's Suggestion.

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.

  1 year ago ago
Breaking News: CBN Set To Launch Digital Currency Following Osinbajo's Suggestion.

POLITICS

Opinion: Soludo And The Many Battles Of Becoming Anambra State Governor

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.

  1 year ago ago
Opinion: Soludo And The Many Battles Of Becoming Anambra State Governor

POLITICS

Some Important Advantages Of Social Media Platforms Nigerian Politicians Are Not Concerned About.

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.

  1 year ago ago
Some Important Advantages Of Social Media Platforms Nigerian Politicians Are Not Concerned About.