
Victor Enengedi
736 articles published since 04 Oct 2022
736 articles published since 04 Oct 2022
The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday, signaling continued woes for the Nigerian currency.
The CBN governor, Olayemi Cardoso, has reassured investors and Nigerians of the banking sector's robustness and stability amid economic headwinds.
The Central Bank of Nigeria (CBN) has announced plans to inject N1.4 trillion into the banking system over the next three months to improve cash flow.
The CBN's Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which sets the benchmark for interest rates, from 26.75% to 27.25%.
The Presidential Initiative on CNG has begun distributing 1,000 vehicle conversion kits in various states to help alleviate the effects of the fuel subsidy removal.
Rising complaints over the accessibility of the federal government's N40,000 subsidised rice program have started to emerge from every part of the country.
The COMESA Competition Commission has approved the planned acquisition of the National Bank of Kenya (NBK) by a major Nigerian lender, Access Bank.
The NNPCL has granted major petroleum marketers permission to start lifting petrol from the Dangote Petroleum Refinery under their current agreement.
The CBN has ordered immediate removal of bank CEOs and chairmen who do not release their annual financial statements within 12 months of the year's conclusion.
Victor Enengedi
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