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The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from the sale to execute infrastructural projects in the 2021 budget.
The International Monetary Fund (IMF) says that Nigeria’s outlook remains challenging and charged the federal government to urgently undertake policy adjustments.
Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
The Buhari Media Organisation (BMO) has expressed surprise that the Peoples Democratic Party (PDP) could accuse Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele of incompetence and partisanship.
The Central Bank of Nigeria has directed commercial banks to raise their Loan-to-Deposit Ratio from 60 to 65 per cent before December 31, 2019 deadline.
Hoodlums suspected to be internet fraudsters have allegedly hacked the account of a company, Great Wall Exchange, and successfully transferred N78,852,881 from the account.
This development was disclosed by the executive secretary, National Agricultural Land Development Authority (NALDA), Paul Ikonne, when he led the management of the Authority to the office of the state governor in Abeokuta on Wednesday.
The police n Jigawa State on Wednesday said they recorded 35 rape cases in the state between January and April this year.
In continuation of a three-nation tour by Dr. Patrice Motsepe, President of the Confederation of African Football (CAF), which newsmen reported on recently, a joint CAF and FIFA delegation arrived in Liberia on Thursday, to hold meetings in Monrovia with the Liberian Football Association and government officials.
Legendary Real Madrid and Spanish goalkeeper Iker Casillas has suffered a new suspected heart attack that landed him in the emergency room.
Lawmaker representing Yenagoa Constituency 3 in the Bayelsa State House of Assembly, Hon. Teddy Elemefuro, has sued for peace between the Shell Petroleum Development Company (SPDC) and other oil companies and the youth of his constituency over feuds resulting from alleged non-implementation of GMoU in oil host communities of the area.
The House of Representatives has mandated its Committees on Telecommunications and Interior to investigate the alleged expatriate quota abuse in the telecoms sector and report back within six weeks for further legislative action.
The Chief Whip of the Senate, Orji Kalu, says his intention to buy English Premier League club Arsenal was purely for business reasons, adding that he had never been a fan of the Gunners.
Nigeria’s daily count of COVID-19 cases stayed on the low side on Saturday — with 43 new infections confirmed in six states and the federal capital territory (FCT).
The Kaduna State Emergency Management Agency has expressed concern over vandalism of rail tracks in Kaduna and called for measures to stop the unpatriotic act.