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CBN Postpones Launch Of eNaira.
The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the digital currency, eNaira.
The launch was initially scheduled for October 1,…
WTO: Okonjo-Iweala May Resign If There Is No Headway On Critical Issues.
Ngozi Okonjo-Iweala, the leader of the World Trade Organization, began the year with a plan to score quick negotiating victories that she said would help reboot the dysfunctional…
World Bank Approves Nigeria’s $750 Million COVID-19 Loan Request
The World Bank has declared as “effective“ President Muhammadu Buhari regime’s $750-million COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.
Aso Vakporaye,…
e-Naira: How safe is Nigeria’s Central Bank Digital Currency?
As Nigeria braces to receive the e-Naira, which is set to be launched by the Central Bank of Nigeria (CBN) on October 1, 2021, many are starting to inquire about the security of…
Naira crash: PDP demands CBN governor’s resignation
The Peoples Democratic Party has demanded the resignation of the Governor of the Central Bank of Nigeria, Godwin Emefiele, over alleged mismanagement of the economy.
National…
FG sets up committee to tackle illegal refineries in Niger Delta
The Federal Government on Thursday inaugurated an Inter-Ministerial Committee to tackle illegal refinery of crude oil in the Niger Delta region.
The acting Solicitor-General of…
‘CBN is deliberately devaluing Naira’ – Reps. Member
A House of Representative member, Bamidele Salam (PDP-Osun), has accused the Central Bank of Nigeria (CBN), of deliberately making policies to devalue the naira.
This is coming…
Website Blamed By Nigeria For Naira Fall Suspends Rate Tracking – BLOOMBERG
A website that publishes exchange rates for Nigeria’s naira is “temporarily” suspending the service after the African nation’s central bank accused it of manipulating prices.…
Aboki FX: How Speculators Attack, Affect Naira Value —CBN Ex-Deputy Gov Moghalu
Kingsley Moghalu, a former Deputy Governor of the Central Bank of Nigeria, has said that currency speculators attack and affect the value of the naira.
Moghalu, who was a deputy…
Cryptocurrency: Judge proposes regulations, condemns ban
Justice Alaba Omolaye-Ajileye of the Kogi State High Court has decried the absence of a legislative framework to regulate electronic transactions in Nigeria.
The justice…