Mariam Adebukola
The Nigerian Senate is currently in an emergency plenary, deliberating over the amendment of section 38 of the Central Bank of Nigeria (CBN) Act 2004. New Telegraph reports that the plenary which was fixed for…
Goli Innocent
Manufacturers Association of Nigeria (MAN) on Friday reacted to the latest increase in the interest rate announced by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN). New Telegraph had earlier gathered…
Mariam Adebukola
The policy-setting committee of the Central Bank of Nigeria (CBN) on Wednesday raised the monetary policy rate (MPR), which measures the interest rate from 18 percent to 18.5 percent in March. The CBN Governor, Godwin…
Mariam Adebukola
Sanusi Lamido Sanusi, former Emir of Kano has said that Vice President Yemi Osinbajo would have been a fantastic President if he happens to be the presidential candidate of the All Progressives Congress (APC). The…
Mariam Adebukola
The Central Bank of Nigeria (CBN) has quashed reports that it planned to phase out the newly redesigned N1, 000, N500, and N200 notes. The CBN Acting Director of the Corporate Communications Department, Dr Isa…
Mariam Adebukola
Some leisure spot owners in Abuja have cried out following the low patronage experienced during the Easter festivities. The Manager of Taminus Garden, Asokoro, Istifanus Nanu who spoke on Monday blamed the low patronage on…
Goli Innocent
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has revealed plans to close millions of bank accounts that are not linked to a Bank Verification Number (BVN) across several Deposit Money Banks…
Following the Naira redesign policy that inflicted pain and suffering on Nigerians in recent times, Prof. Wole Soyinka on Wednesday said the policy has wiped out President Muhammadu Buhari-led administration’s achievements in the last 8…
Mariam Adebukola
The Nigerian economy has started redeeming from the three-month-long naira insufficiency, but there is another infuse risk of a possible banking sector collapse as customers shun cash deposits. The development is a spill-over effect of…
Tony Chukwunyem
Nigeria’s external reserves rose to $36.67billion as of March 28, 2023 from $35.64billion on March 27, the first increase since February 2, 2023 (nearly two months), latest data from the Central Bank of Nigeria (CBN)…