Breaking news: Tinubu suspends CBN Governor, Emefiele
President Bola Ahmed Tinubu has suspended the Governor of the central bank, Godqin Emefiele in indefinitely. This was announced on Friday. Details later …
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CBN increases interest rate
The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. This was increase interest rate was announced by the Governor of the CBN, Mr Godwin Emefiele on Wednesday while addressing newsmen in Abuja. He said the decision by members of the team to…
Game Changer: Seven Reasons Why Dangote Refinery Is A Big Deal For Nigeria
The Commissioning of the Dangote Petroleum Refinery and Petrochemicals in Lagos State, is the buzzing news of the day, however, many Nigerian still wonder why this venture is termed a ‘Game Changer’ for Nigeria and Africa as a whole. No, the answer is not just in the fact it is the World’s Largest Single-Train 650,000…
Photos: WAMASON Holds Dinner and Award Night in grand style in Lagos
Waste Management Society of Nigeria (WAMASON), Lagos state council held its annual dinner and award night in the state capital on 28 April, 2023. The councillor of Lagos state council of the association, Mr Gbolahan Yusuf welcome dignitaries with enthusiasm to the waste managers dinner where issues of how waste can be recycled and transform…
Lagos takes delivery of electric buses for public transport
In its effort to reduce carbon emissions and make residents journey on the roads seamless, the Lagos government has taken the delivery of the first set of electric buses for public transportation in the state. The state Governor, Babajide Sanwo-Olu, announced the delivery of the electric buses in a statement on Sunday. Speaking on the…
FG suspends petrol subsidy removal
The National Economic Council (NEC), presided over by Vice-President Yemi Osinbajo, has agreed that the removal of petrol subsidy should be suspended temporarily. NEC, however, said all of the preparatory works should continue in consultation with the states and other key stakeholders, including representatives of the incoming administration. The resolution comes just two months to…
E-Naira: Nigerians Easy Way to Gain Financial Freedom
The E-Naira concept introduced by the Central Bank of Nigeria is not only meant to ensure effective cashless transactions but it is also a way of earning income by Nigerians. 5 MAJOR BENEFITS OF E-NAIRA FOR NIGERIANS: PRODUCT:E-Naira is a Central Bank Digital Currency (CBDC) like fiat naira with same value but comes with more…
Lasaco Presents Death Benefits of N190M to Deceased Lagos Public Servants
Lasaco Assurance Plc, a foremost insurance company has again demonstrated trust by presenting death benefits of N190M to beneficiaries of Ninety-Seven (97) deceased staff of both Lagos State Universal Basic Education and Local Government and Community Affairs yesterday. In the Public Presentation this week chaired by Mr. Kayode Robert, the Special Assistant to the Lagos…
Cash Scarcity: CBN Directs Banks to Open on Saturday, Sunday
In a move to ease the ongoing cash crunch being experienced by Nigerians, the Central Bank of Nigeria (CBN) has directed all commercial banks to open for operation on Saturdays and Sundays. This the CBN said is part of a coordinated effort to ease circulation of Naira of all denominations. The Acting Director, Corporate Communications…
Breaking: At last, CBN breaks silence on old naira notes
The Central Bank of Nigeria (CBN) has said the old N200, N500 and N1000 notes remain legal tender until December 31, 2023 as ruled by the Supreme Court. This was announced in a statement on Monday by the CBN spokesperson, Isa Abdulmumin.The statement reads: “In compliance with the established tradition of obedience to court orders…