Many parts of Nigeria were on Wednesday plunged into darkness following the collapse of the nation’s electricity gr. According to a statement by Oyebode Fadipe, general manager, corporate communications at…
Read More Blackout across the country as national grid collapses again
Arunma Oteh, former treasurer and vice-president of the World Bank, has been elected chairperson of Royal Africa Society. Oteh made the announcement on Tuesday via a post on LinkedIn. Royal…
Read More Arunma Oteh elected chairperson of Royal Africa Society
By our reporter/ A day after Central Bank of Nigeria stopped the weekly sale of dollars to the BDCs, the Nigerian Naira is on a free fall as it slumped…
Read More Naira in free fall, exchanges for 522/$1 as CBN stops forex sale to BDC’s
By our reporter/ The Central Bank of Nigeria (CBN) on Tuesday banned the sale of forex to Bureau De Change operators (BDCs). Godwin Emiefele, governor of the bank, who made…
Read More CBN bans sale of forex to BDC operators, says ‘they’ve turned into money laundering agents’
The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday retained the monetary policy rate (MPR) at 11.5 percent. At its last meeting, the committee members also…
Read More CBN retains benchmark lending rate at 11.5%