The Central Bank of Nigeria (CBN) has remained gender sensitive, dolling out N203.31 billion credit as at January 2022, Godwin Emefiele, the apex bank governor has said. Emefiele made this disclosure while addressing participants at a webinar hosted by the Deputy Governor in charge of the Financial System Stability (FSS) Directorate, Mrs. Aishah Ahmad, as part of activities to commemorate Read More
Delta State Command Tuesday arrested notorious Automated Teller Mechine (ATM) fraudster, one Ojo Amos at Ozoro, Isoko north local government area of the state. The suspect, 38yrs who hails from Agbara-Otor, Ughelli North Local government area specialised in snatching ATM cards from unsuspecting victims. According to the state Public relations officer (PPRO), DSP Bright Edafe, “On 2/11/2021 at about 1300hrs, Read More
The All Progressives Congress caucus of the House of Representatives has gained another member. He is Rep. Jacob Ajao Adejumo from Oyo State. Until his defection to the majority party, he was a member of the Action Democratic Party (ADP. The Speaker, Rep. Femi Gbajabiamila, has, however read his defection letter to members on the floor in Abuja on Tuesday Read More
Governors, traditional rulers, business and political elites in the Yorubaland must carefully weigh various options and seriously consider backing Vice President Yemi Osinbajo in 2023, an All Progressives Congress youth group has advocated. According to members of the South West Movement for Osinbajo (SOWEMOVE) who presented a report and copies of correspondence with several Obas and other eminent personalities in Read More
A political pressure group known as the South-west Frontiers has condemned the prolonged silence of the former Lagos state governor and leader of the All Progressives Congress (APC) Asiwaju Bola Tinubu on the invasion of the residence of a Supreme Court judge, Justice Mary Odili by armed security operatives. The group similarly faulted the APC leader’s inaction about the recent Read More
Barely 24 hours to the Saturday Anambra State governorship election, the Inspector General of Police has removed the Deputy Inspector General, DIG Joseph Egbunike, as the head of security team for the Anambra governorship election slated for Saturday November 6, 2021. His removal was announced by the Police Public Relations Officer DSP Nkeiruka Nwude with few hours to the election. He been Read More
The Director-General, National Automotive Design and Development Council, Jelani Aliyu, has asserted that Nigeria’s automotive industry is advancing towards actualizing the manufacturing of electric and gas-powered vehicles, in keeping with the net-zero target by 2060. Mr Aliyu made the disclosure while addressing delegates at the ongoing COP26 UN Climate Change Conference in Glasgow, Scotland where close to 200 countries gathered Read More
Enugu State House of Assembly Thursday approved a N15billion loan facility from the Central Bank of Nigeria (CBN) to enable the state improve on her infrastructure base. Governor Ifeanyi Ugwuanyi had written the House Wednesday, through the Secretary to the State Government (SSG), Prof. Simon Ortuanya, asking the members ‘to approve the loan request he made to enable him secure Read More
The federal government declared Monday that about N7.3 billion was yet to be disbursed to the remaining beneficiaries of its 774, 000 Special Public Works programme. Minister of State for Labour and Employment, Festus Keyamo, made the disclosure during budget defence session before the Senate Committee on Labour. The programme, domiciled in the National Directorate of Employment (NDE), engaged 774,000 Read More
The launch of the e-Naira by President Muhammadu Buhari recently has made Nigeria to join the league of countries with electronic currencies. This is a welcome development. As stated by Mr President during the launch, the e-Naira will boost the country’s GDP by $29 billion in the next 10 years and attract more investment. However, the launch of the e-Naira Read More
It is two days to the much anticipated National Youth Conference (NYC) organised by the Federal Ministry of Youth and Sports Development (FMYSD), billed to commence on 1st November and end on Wednesday, 3rd November, 2021. Unlike other conferences of its ilk, what sets this apart from is that it is largely private sector driven, with Nigeria’s development partners playing Read More
One of the members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN), Adenikinju Festus, has said the high level of inflation and interest rates margin in the country is unacceptably wide. Festus, who advocates for the increase of MPR, asked the apex bank to probe the foreign exchange market operations in Nigeria. It would be recalled Read More
Immediate past Managing Director and CEO of Fidelity Bank of Niger PLC, Mr. Nnamdi Okonkwo, has emerged as the new Group Managing Director of FBN Holdings, the holding company of First Bank of Nigeria Group. FBN Holdings Plc, parent company of First Bank Nig. Ltd who announced this in a notice to the Nigerian Exchange on Thursday also informed the Read More
In its drive to ensure the digital financial inclusion of women and youth nationwide, the Central Bank of Nigeria (CBN) and its stakeholders are billed to engage target groups in selected states in order to facilitate their economic empowerment and inclusion. A statement from the CBN noted that the programme also aims at implementing the Bank’s framework for advancing women’s Read More
The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s GDP by $29billion over the next 10 years, President Muhammadu Buhari said Monday in Abuja at the official launch of the eNaira. The President also declared that the introduction of the eNaira would enable the government to send direct payments to Read More
The Central Bank of Nigeria (CBN) has announced that President Muhammadu Buhari will formally unveil the much talked about digital currency, known as the eNaira, on Monday. CBN Director, Corporate Communications, Osita Nwanisobi, who disclosed this in a statement on Saturday said the President will perform the unveiling ceremony inside the State House, Abuja. “Following series of engagements with relevant stakeholders Read More
They once served the country at different times and in different capacities, but since they left office, not much has been heard about them again. ELEOJO IDACHABA wonders where they could be at the moment. Ruth Benamaisia Opia Before 2000, Ruth Benamaisia Opia was a household name in many homes every evening because of her appearance on the network news Read More
A pressure group based in the Federal Capital Territory, Coalition for Good Governance and Change Initiative (CGGCI) has staged protest against some persons allegedly trying to blackmail President Muhammad Buhari through his appointees. According to the group, those making the attempts were targeting key appointees of the president using fake news. Staging a protest Wednesday in Abuja, the group urged Read More
After some months of legal fireworks, the Supreme Court in Abuja has affirmed former governor of the Central Bank of Nigeria (CBN) Professor Charles Chukwuma Soludo as the governorship candidate of the All Progressive Grand Alliance (APGA). The apex court also returned Chief Victor Oye as the national chairman of the party. In a judgment of five- man panel of Read More
A traditional ruler in Osun state, the Ataoja of Osogbo, Oba Jimoh Olanipekun, has threatened to expose a monarch for his refusal to refund the loan he took for him. Speaking at the Freedom Park, Osogbo, during the disbursement of N6.5bn Micro, Small and Medium Enterprises Development Fund by Governor Adegboyega Oyetola. The monarch said, “I want to advise the beneficiaries not Read More
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), analysts are certain will increase the benchmark rate, otherwise known as the Monetary Policy Rate (MPR) when it meets next in November. This is because, survey by analysts indicates that inflation which has declined six consecutive times will look up north September. Since March 2021, Nigeria’s inflation rate Read More
As credit bureau is to financial institutions (with regards to credit transaction/facility), so is tenancy bureau to real estate firms (with regards to real estate rental market/tenancy administration). The main deliverables of the tenancy bureau include a tenancy report on every prospective tenant as well as sitting/subsisting tenant. This comprises of demographic information of the tenants: like names, address, gender, Read More
The Nigerian Ethnic Youth Leaders Council (NEYLC) has faulted the position of the Vice President, Prof Yemi Osinbajo, who on Monday called on the Central Bank of Nigeria (CBN) to devalue the naira. The council, which is made up of the Arewa Consultative Youth Movement, Ohanaeze Ndigbo Youth Movement, Oduduwa Youths and Middle Belt Youths, noted that with his suggestion, Read More
Nigeria has recorded a high growth in digital financial channels in the last one year, according to the Central Bank of Nigeria (CBN). Dr. Hassan Mahmud, Director of the CBN’s Monetary Policy Department, in a presentation titled “Implications of Trends in the Digital Financial Ecosystem for Monetary Policy Implementation said the overall population of Nigerians who use digital payment has Read More
At FIntech Summit 5.0 organised by First Bank of Nigeria, experts brainstormed on how best to make the Open Banking initiative work in financial service delivery, even as the FBN speaks on reasons for its intervention and the bank’s plans to remain atop the nation’s banking industry. AMAKA IFEAKANDU reports First Bank of Nigeria Limited, Nigeria’s premier and leading financial Read More
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