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Category: blog
Nigerians are uneasy about the rising cost of electricity and the 7.5% VAT on gasoline.
The first 22 days of President Bola Ahmed Tinubu's government have been "bitter-sweet" for many Nigerians. His quick-fire decisions, hailed by many variously as “bold,” “decisive,” and “correct,” are not…
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The CBN updates the foreign exchange market and removes the restriction
The Central Bank of Nigeria, CBN, has announced further policy changes. According to the Director of Corporate Communications, Dr Isa AbdulMumin, the policy changes are aimed at promoting transparency, liquidity…
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Naira declines to 702/$; expected new FX supply from CBN
The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the…
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Traders rejoice at Emefiele’s suspension, saying that he deserves his ordeal
Many traders in Umuahia, Abia State capital have expressed happiness over the suspension of the Governor of the Central Bank, Mr Godwin Emefiele. The traders who spoke on the development…
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Nationwide shutdown looms as inflation becomes worse due to fuel subsidies.
The country has been in a state of chaos since President Bola Tinubu announced the end of the fuel subsidy regime on Monday, May 29, 2023, as citizens deal with…
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72 Hours With God June Edition 23
Christ Apostolic Church Covenant of mercy (A.K.A MAJEMU AANU ) MERCY CAMP present 72 hours with God,June edition 2023. THEME HELP FROM ABOVE ( Iranlowo Latoke wa ) Music Ministers…
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N4 Billion Fraud: Fayemi Responds to Reports of an EFCC Investigation
Dr. Kayode Fayemi, a former governor of Ekiti State, has responded to rumors that he is under investigation by the EFCC for a purported N4 billion fraud. Speaking in a…
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Nigeria Spent N72 Billion To Import Milk In 2022
Data from the National Bureau of Statistics (NBS) has shown that at least N72.9 billion on importation of milk in 2022. The report titled: “Foreign Trade Statistics”, disclosed that N27.6…
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Manufacturers knock CBN over interest rate hike to 18.5 per cent
The Manufacturers Association of Nigeria has knocked the Central Bank of Nigeria’s decision to increase the Monetary Policy Rate, also known as the interest rate, to 18.5 per cent amid rising…
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CBN Announces Increase In Interest Rate
The Central Bank of Nigeria (CBN) has increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. This was made known by Godwin Emefiele, the Governor…
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