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The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).

Central bank injects fresh $210 million into forex market

The Central Bank of Nigeria CBN on Tuesday released a total of $210m to Authorized dealers in the wholesale segment of the inter-bank foreign exchange market to meet the requests of their customers.

Central bank confirms 34 primary mortgage banks

The CBN said from its records as of the end of September, 17 of the PMBs were in Lagos; eight in Abuja; two in Akwa Ibom State; while Oyo, Delta, Ogun, Kebbi, Jigawa, Abia and Osun have one each.

Forex: Central bank maintains market liquidity with $195m

The Central Bank of Nigeria on Monday continued to maintain liquidity in the Foreign Exchange market by injecting $195 million in the Nigerian inter-bank foreign exchange market.

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Kazakhstan has renamed its capital Nur-Sultan, in honour of the country's longtime president who resigned in a surprise move earlier this week.

Kazakhstan renames capital to honour ex-leader

Kazakhstan has renamed its capital Nur-Sultan, in honour of the country's longtime president who resigned in a surprise move earlier this week.

Police arrest three suspects over ‘humiliating’ nude woman in viral video in Anambra

The Police Command in Anambra has arrested three persons allegedly involved in production and circulation of a viral video where a nude woman was humiliated.
Mrs Iyabo Toluhi (nee Adesanmi), the elder sister of the late Prof. Pius Adesanmi, on Saturday described the death of his brother as a great loss to the family and community.

Pius Adesanmi’s demise a great loss to our family – sister

Mrs Iyabo Toluhi (nee Adesanmi), the elder sister of the late Prof. Pius Adesanmi, on Saturday described the death of his brother as a great loss to the family and community.
All Progressives Congress (APC) Nigeria

Lagos elections: APC wins Ibeju-Lekki supplementary polls

The Independent National Electoral Commission (INEC) has declared the All Progressives Congress (APC) candidate for Ibeju-Lekki State Constituency I, Mr Fatai Mojeed, winner of the supplementary election in the area.

Senator-elect Ifeanyi Ubah backs Ahmed Lawan for Senate President

Anambra South Senator-elect, Mr Ifeanyi Ubah, has pinched tent with a group of elected lawmakers in the incoming 9th Senate led by Sen. Ahmed Lawan.