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POLITICS

Two Wike's Mistakes That May Really Affect Him Soon

Mr. Nyesom Wike may not know that he is making some serious mistakes and the political errors may seriously affect him and his political chances. He has appeared to be bold, but he seems to be committing more errors than he should. Below is a list of the mistakes.

  2 days ago
Two Wike's Mistakes That May Really Affect Him Soon

ECONOMY-FINANCE

Naira Depreciates Further Against Dollar: Check out the New Exchange Rate

The Bureau De change operators in the Federal Capital Territory, Abuja revealed on Thursday 9th September 2021 that the parallel market hit its all-time low as 1 dollar is now equivalent to 543 Naira while the British pounds is equivalent to 740 Nigerian Naira. The Euro also rose from 616 Naira to 620 Naira at the parallel market.

  6 days ago
Naira Depreciates Further Against Dollar: Check out the New Exchange Rate

ECONOMY-FINANCE

The CBN introduced e-Naira after the ban on Cryptocurrency

The Central Bank of Nigeria (CBN) introduced e-Naira after the ban on Cryptocurrency. It is a form of digital currency that allows exchange between people online It no more news again that CBN banned the use of cryptocurrency because it is not being issued by a Sovereign Authority, among other reasons.

  11 days ago
The CBN introduced e-Naira after the ban on Cryptocurrency

ECONOMY-FINANCE

Three Things You Should Know As CBN Prepares To Launch First Digital Currency (eNaira)

According to reports from several reputable sources, eNaira is expected to be launched before the end of 2021. Godwin Emefiele. Credit: Vanguard The Governor of Central Bank of Nigeria, Godwin Emefiele, said that the Central Bank Digital Currency (CBDC) would increase payment system efficiency, lead to faster and cheaper remittance inflow, and it would lead to targeted social interventions, out of many others.

  16 days ago
Three Things You Should Know As CBN Prepares To Launch First Digital Currency (eNaira)

MILITARY

I Hope We Realized That Northern Nigeria Is The Biggest Victim Of Terrorism In Nigeria- Kingsley Moghalu

Kingsley Chiedu Moghalu, who is a Nigerian political economist, Presidential Aspirant, lawyer, author, and the Ifekaego of Nnewi Kingdom, has taken to his official Twitter handle to claim that the Northerners are the biggest victim of terrorism in Nigeria, adding that the Muslims and Christians also suffer from the terrorists group too.

  13 days ago
I Hope We Realized That Northern Nigeria Is The Biggest Victim Of Terrorism In Nigeria- Kingsley Moghalu

ECONOMY-FINANCE

E-Naira: Things You Should Know About Nigerian Internet Currency.

Some of the benefits of online finance are improved business model, ease of financing and easy budgeting and taxation. The Central Bank of Nigeria (CBN) has said that next October citizens will be able to use e-Naira online. The CBN made the announcement in a statement issued this week several months after it banned the use of cryptocurrency due to dissatisfaction with its system.

  15 days ago
E-Naira: Things You Should Know About Nigerian Internet Currency.

POLITICS

Do Anambra People Plan To Reject Soludo At Guber Election As Group Protest At INEC Headquarters?

The November 6 Guber election in Anambra State is fast approaching and political parties are doing everything possible to deliver their candidates. Former Central Bank of Nigeria Governor, Chukwuma Soludo is one of the popular candidates in the November guber election but it appears that the people of the state may have plans to reject him at the polls going by the latest development.

  14 days ago
Do Anambra People Plan To Reject Soludo At Guber Election As Group Protest At INEC Headquarters?

ENVIRONMENT

Food Security in Nigeria: Gov. Emmanuel Tasks CBN

As the Central Bank of Nigeria meets in Uyo, the Akwa Ibom State capital for a three- day Executive Seminar on Food Security in Nigeria, Governor Udom Emmanuel has tasked the financial umpire to explore non-conventional approaches to agriculture and come up with policy direction on how to ensure food security in the nation.

  8 days ago
Food Security in Nigeria: Gov. Emmanuel Tasks CBN

ECONOMY-FINANCE

How To Apply for CBN MSMEDF Loan 2021

CBN MSMEDF Loan 2021 – Official Application Portal: The Micro, Small, and Medium Enterprises Development Fund (MSMEDF), launched by the Central Bank of Nigeria (CBN), is a program that was created to promote a healthy financial system for Nigeria. The only available official website to register or apply is https://www.cbn.gov.ng/dfd/msmedf

  25 days ago
How To Apply for CBN MSMEDF Loan 2021

ECONOMY-FINANCE

Major Legacy Of The Obasanjo's Administration In The Banking Sector

Olusegun Obasanjo ruled Nigeria as a civilian president from 1999 to 2007. His administration made far reaching reforms in the economy. One very significant area his administration made giant reform is the banking sector. In 2004, Obasanjo appointed Charles Soludo, a professor of Economics, as the Governor of the Central Bank of Nigeria.

  27 days ago
Major Legacy Of The Obasanjo's Administration In The Banking Sector

ECONOMY-FINANCE

Nigerian Naira Value Continues To Drop As It Hits 540 Against Dollar

Earlier today, September 9th, the Nigerain Naira continued to fall downwards on the parallel market, selling for N543 to one dollar, Operators of Bureau De Change in Abuja bought a dollar at N540 which was then sold at N543. Also, the British Pound now sells for £1 to 740 Nigerian Naira.

  7 days ago
Nigerian Naira Value Continues To Drop As It Hits 540 Against Dollar

ECONOMY-FINANCE

Desist from forex malpractices- CBN warns commercial banks.

CBN Governor Emefiele The Central Bank of Nigeria has warned Deposit Money Banks to always exercise due diligence and refrain from engaging in any form of fraud in foreign exchange transactions. The apex bank issued the warning in a letter addressed to the DMBs by Ozoemena Nnaji, Director of Trade and Exchange Department.

  5 days ago
Desist from forex malpractices- CBN warns commercial banks.

POLITICS

Possible Presidential Candidates For The 2023 General Elections.

Below is a list of possible presidential aspirants in the forthcoming elections. Sanusi Lamido Sanusi Sanusi was born in July 1961. He is a former Emir of Kano. He is a former Governor of the Central Bank of Nigeria as well as a former Chief Executive Officer of First Bank.

  14 days ago
Possible Presidential Candidates For The 2023 General Elections.

ECONOMY-FINANCE

CBN's Order To Banks To Disclose Names Of Fraudulent Forex Buyers, Is A Step In Defeating Corruption

The present government has been putting all effort to fight, and bring an end to corruption from every angle. The anti-theft agency, EFCC, has also been working hand in hand, with banks, to bring a verge to this ugly act. Recently, the Central Bank Of Nigeria; CBN, gave an order to banks, to publish the names of dubious individuals, that have been involved in fraudulent activities, in the Forex Market.

  15 days ago
CBN's Order To Banks To Disclose Names Of Fraudulent Forex Buyers, Is A Step In Defeating Corruption

POLITICS

Nigeria has fallen from grace, most terrorised nation, poverty capital of the world — Mailafia

Dr. Obadaiah Mailafia, former Assistant Governor of the Central Bank of Nigeria (CBN), has complained that Nigeria has fell from grace by becoming the planet's most terrorised nation and poverty center after India and Afghanistan. Mailafia made the remarks at the Reconciliation House in Akure, the capital of the state of Ondo, at a seminar hosted by the Forum for Good Governance of the Towards Revival for All Nations (TRANS 21).

  11 days ago
Nigeria has fallen from grace, most terrorised nation, poverty capital of the world — Mailafia

ECONOMY-FINANCE

Opinion: E-Naira would attract investors

The Central Bank Of Nigeria recently announced it plans to launch it's digital currency (E-naira) on October 2021. Many Nigerians have reacted to this information both positively and negatively. “Launching the cryptocurrency won't be a bad idea at all, infact it would be an easy medium for Nigerians to transfer and receive money and it would also attract investors worldwide”.

  12 days ago
Opinion: E-Naira would attract investors

ECONOMY-FINANCE

CBN Orders Banks To Publish Names And BVN Of Forex Defaulters

Recently, the Central Bank of Nigeria (CBN) has ordered banks to publicize the names and BVN of all their customers who have defaulted in the Forex policy. the CBN said they have received reports that some customers were circumventing the CBN policy on the sale of Forex for business travel.

  16 days ago
CBN Orders Banks To Publish Names And BVN Of Forex Defaulters

ECONOMY-FINANCE

Nigeria suffers Dollar scarcity as Naira hits all-time low

The Nigeria Naira has reached its all-time low as it is now exchanged at the Black market from Monday, August 30, 2021, for Five hundred and twenty seven for a Dollar. For about a week now, the Nigerian naira has declined very fast especially on most of the trading days.

  16 days ago
Nigeria suffers Dollar scarcity as Naira hits all-time low

ECONOMY-FINANCE

Why CBN Blocked accounts of Rise Vest Technologies, 5 others for 180 days

The Central Bank of Nigeria (CBN) has recently blocked the accounts of six fintech companies for 180 days pending the result of the ongoing investigation. The six firms involved are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Technology Limited OPNS, Chaka Technologies Limited, CTL/Business Expenses, and Trove Technologies Limited.

  28 days ago
Why CBN Blocked accounts of Rise Vest Technologies, 5 others for 180 days

ECONOMY-FINANCE

Dollar scarcity drives Naira further down at black market

Naira weakened significantly against the U.S. dollar at the black market on Monday as it touched all-time low of N527. The local unit, which closed at N524 per $1 at the previous session on Friday, started the new week at N527 to a dollar. The currency has struggled to maintain gain since the Central Bank of Nigeria in July suspended sales of foreign currencies to Bureaux De Change operators.

  17 days ago
Dollar scarcity drives Naira further down at black market