The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso says it is not in the purview of the apex bank to regulate or prosecute actors in the cryptocurrency sector. Cardoso clarified this at a news conference on Tuesday after the monetary policy committee’s (MPC) 294th meeting in Abuja. On February 29, Bayo Onanuga,…
The Central Bank of Nigeria (CBN) says law enforcement agencies are investigating $2.4 billion unverified foreign exchange claims.Governor of the CBN Olayemi Cardoso disclosed this while speaking during a press conference on Tuesday after the 294th meeting of the monetary policy committee (MPC) in Abuja.On February 5, the CBN governor said he inherited a $7…
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent. Olayemi Cardoso, CBN’s governor, announced the rate adjustment at a news conference on Tuesday during the committee’s 294th meeting in Abuja. The MPR is the baseline interest…
The Office of the National Security Adviser, ONSA, has called on the public and the international community to provide information that can assist law enforcement agencies in apprehending the Executive Manager of Binance for the African region, Mr Nadeem Anjarwalla, who escaped from detention. Head of Strategic Communication, ONSA, Mr Zakari Mijinyawa, who made the…
The National Hajj Commission of Nigeria, NAHCON has adjusted the cost of Hajj to reflect the current realities of foreign exchange rate, even as the Federal Government’s intervention gave a slight boost to intending pilgrims who had completed the initial deposit of N4.9million Consequently, the commission has requested intending pilgrims to make additional payment of…
The Tertiary Education Trust Fund, TETFund, said yesterday it has so far spent over N23 billion to fund 912 research projects across the country. TETFund’s Assistant Director, Research and Development, R&D, Dr. Hadiza Ismail, disclosed this at a validation workshop on “Strengthening Research and Innovation Funding Agencies in West Africa,” in Abuja yesterday. Ismail, who…
A middle-aged father,Kenneth Nwangwu has been sentenced to ten years in prison by the Children, Sexual, and Gender-based Violence Court at High Court Awka for defling his biological 9-year-old daughter, his only child. According to reports, the judgment was issued in a three-count accusation brought against the defendant by the state government following convincing evidence…
In a bid to further crash the FX rate, the Central Bank of Nigeria (CBN) has begun the sales of the second tranche of foreign exchange (FX) to eligible Bureau De Change (BDCs) to meet retail market demand. In a memo on Monday to the President Association of Bureau De Change Operators of Nigeria the…
In the hundreds of thousands, they flooded the streets of the capital relying only on early trends. Crowds backing the protégé’s of Ousmane Sonko gathered here at the headquarters of the Diomaye president coalition. “We are happy with the work that has been undertaken by the entire ‘Diomaye president coalition. This victory is the victory…
The Non-Academic Staff Union of Educational and Associated Institutions, (NASU) and the Senior Staff Association of Nigerian Universities (SSANU) have ended their one-week warning strike. They have therefore directed their members to resume work on Monday March 25. The leadership of the National Association of Academic Technologists (NAAT) also directed its members to resume duty…
