The Federal Government of Nigeria may need to consider a supplementary budget to accommodate the proposed increase in the minimum wage for workers, according to […]
Category: Economy
Economy
CBN Governor Signals Commitment to High Interest Rates to Tackle Inflation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has indicated that the apex bank will maintain high interest rates until inflation eases, […]
Organised Labour Protests Electricity Tariff Hike in Ebonyi
Organised Labour in Ebonyi State took to the streets on Monday to picket the offices of the Enugu Electricity Distribution Company (EEDC) and the National […]
Organised Labour Protests Electricity Tariff Hike in Kaduna
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) led a protest at the headquarters of the Kaduna Electricity Distribution Company in Kaduna, opposing […]
IMF Recommends CBN to License Cryptocurrency Dealers
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to issue operating licenses or register cryptocurrency dealers. This recommendation is part […]
CBN Expected to Suspend Implementation of Cybersecurity Levy
The Central Bank of Nigeria (CBN) is expected to direct banks to suspend the implementation of the Cybersecurity Levy, which was scheduled to begin on […]
EFCC Bans Foreign Missions from Transacting in Foreign Currencies
The Economic and Financial Crimes Commission (EFCC) has issued a directive prohibiting foreign missions based in Nigeria from conducting transactions in foreign currencies, mandating the […]
U.S. Government Lauds Nigeria’s Monetary Policies, Commits to Partnership for Economic Growth
The United States government has praised Nigeria’s monetary policies, acknowledging their role in creating a conducive environment for businesses to thrive and in strengthening and […]
Court Saga: Former CBN Governor Emefiele Accused of Bribery
In the ongoing trial of the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a prosecution witness, Victor Onyejiuwa, testified before the […]
FBN Holdings Announces New Chairman for First Bank of Nigeria Ltd.
FBN Holdings Plc has announced the departure of Mr. Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following the completion of […]