Mr. Daniel Joshua, the Taraba state-born 31-year old, former N-Power graduate employee says his sound Christian moral upbringing compelled him to refund the N60,000 paid into his account, after he quit the scheme in April. Vice President Yemi Osinbajo on Saturday July 1, tweeted and praised Joshua’s rare display of …
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The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has briefed President Muhammadu Buhari on the stability in the Foreign Exchange market and other activities of the apex bank. The News Agency of Nigeria said Mr. Emefiele, who spoke to State House correspondents after a closed-door meeting with …
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The Central Bank of Nigeria (CBN) resumes this week’s foreign exchange market intervention today with a disbursement of $240 million. Of the sum, $90 million is for invisibles – business/personal travel allowances, medical, school fees, among others, while $150 million goes to interbank wholesale auction window targeted at real sector …
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Nigerians who are participants in the ponzi scheme known as MMM are in awe of what to expect as the scheme opens a day ahead of schedule. In a defiant note on the website, the administrators in their cocky nature warned Nigerian authorities not to meddle in the affairs of …
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Nigerians living outside the country have so far remitted over $35 billion back to the country this year, the Senior Special Assistant to the President on Foreign Affairs and Diaspora matters, Mrs Abike Dabiri-Erewa, has said. Speaking in Abuja yesterday when she paid a courtesy visit to the Executive Chairman, …
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The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on …
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The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline in the fortune of the …
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The CBN Governor Mr. Godwin Emefiele, Weekend, had a chat with members of Nigeria Newspaper Proprietors Association of Nigeria NPAN. He spoke on efforts being made by government, monetary and fiscal policy authorities to revive the economy. Here are excepts. Nigeria is in recession, the first in decades or few …
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The Central Bank of Nigeria has approved an increase in the maximum amount that would be sold to each licensed Bureau De Change operator from $30,000 to $50,000 per week. The decision was taken at the Bankers’ Committee meeting which was held at the headquarters of the CBN on Tuesday …
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The Managing Director of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern on the increasing wave of non-performing insider loans in banks. A statement issued by the NDIC said Ibrahim expressed the concern while receiving a delegation from the Chartered Institute of Bankers of Nigeria (CIBN) led …
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