The Central Bank of Nigeria (CBN) on Friday officially devalued the nation’s currency at both the official window and the Investors’ & Exporters’ (I&E) FX Window to reflect the reality and conditions of the marker, a top banker told Global Financial Digest. The regulatory bank has moved the official rate to N360 to the...
Read MoreNigeria raised a total of N160 billion at its second bonds auction of the year across three tenors with subscriptions for the debt tripled amount sold by the Debt Management Office (DMO. The debt office in a data released on Wednesday said it sold just N20 billion more than the amount initially offered at...
Read MoreFormer director-general of the Debt Management Office, Abraham Nwankwo has indicted some commercial lenders (names withheld) of fleecing Imo State of about N112.8 billion through dubious debit of the state accounts. Nwankwo, who headed a committee set up by the recently sacked governor of the state, Emeka Ihedioha to probe certain transactions by some...
Read MoreThe Central Bank of Nigeria (CBN) will not revise its policy on the naira exchange rate in spite of the slide in the country’s forex buffer to more than 22 months low, according to the governor of the regulatory bank. Godwin Emefiele said at the end of Monetary Policy two-day meeting in Abuja that...
Read MoreA British Airways flight from London to Abuja was aborted mid-way to the journey on Tuesday night due to technical problems. Authority of British Airways confirmed the incident in a statement, noting that BA 083 flight returned to Heathrow and was met by the emergency services as a precaution measure after experiencing a minor...
Read MoreIt has been revealed how the current Attorney General of the federation, Abubakar Malami would have signed off about $2.15 billion as commission to a private firm but for the timely intervention of President Mohammadu Buhari. A Report by TheCable on Monday showed that following the judgment of the Supreme Court mandating the Federal...
Read MoreForeign capital inflow to the country declined 7.8 percent in the third quarter of the year to $5.36 billion, the National Bureau of Statistics (NBS) has said. In its latest data released on Monday, the statistics office put the total capital importation to the country in the second at $5.82 billion. NBS said Foreign...
Read MoreThe Inspector-General of Police, Mohammed Adamu has ordered a thorough investigation into Thursday’s bank robbery in Oye Ekiti and the Oye Police Division. Ekiti State Police Commissioner, Asuquo Amba, disclosed this on Friday. Amba said there was a close similarity between the armed robbers’ attack and the one on a bank at Ise Ekiti...
Read MoreNigeria’s Gross Domestic Product (GDP) rose 2.28 percent year-on-year in the third quarter of the year, the National Bureau of Statistics (NBS) said on Friday. The economy of Africa’s biggest economy grew by 2.12 percent in the second quarter of the year, according to the revised GDP rate by the NBS. The bureau had...
Read MoreLagos Police command has declared a state of emergency on Lagos traffic with 1,000 officers and men pushed to the roads to help cushion the effects of gridlock and curb traffic robbery incidents. The state Police Commissioner Hakeem Odumosu has directed 24-hour coverage of all roads after his inaugural meeting with his management team,...
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