Posts in tag

Central Bank of Nigeria


Gbeleyi Abayomi Following the protest by well meaning Nigerians, The bankers committee of the Central Bank of Nigeria has agreed that plans to lay off staff would be suspended. This was announced in a statement signed by Isaac Okorafor, CBN Director of corporate communications, on Sunday

THE TIME IS NOW – CORRECT THE INTEREST RATE The economic fallout from the coronavirus may present the best, most pressing case for revising the CBN’s high interest rate policy. The undue rates penalise domestic investment and consumer borrowing. This reduces both aggregate domestic supply and, to a lesser degree, aggregate domestic demand. The chronic …

Gbeleyi Abayomi There seems to be temporary respite for nigeria over the $9.6bn judgement as The United Kingdom Commercial and Arbitration Court on Thursday ordered a stay of execution of the $9.6 billion damages awarded against the country by Process and Industrial Developments (P&ID) pending the determination of an appeal by the Federal Government. However, …

The chairman of rice farmers in kastina State, Alhaji Shuaibu Kafur, Katsina State Association (RIFAN), said on Thursday that rice farmers in the state were optimistic of recording bumper harvests this year. Kafur said in an interview with the News Agency of Nigeria (NAN) in Katsina, that farmers would reap abundant yields at the end …

Can I meet you? My name is Remilekun Chinenye lawal, I was born on November 11, 1989. I am a Graduate of Public Relations and advertising  from Lagos state university, Year 2011. I served in Ibadan.   I noticed you have an Igbo name apart from 3 other Yoruba names, Can you explain that?   …

A disagreement between a commercial motorcyclist and his passenger over a dirty Naira Note on Saturday in Lagos, turned bloody as irate youth beat the cyclist to a state of comma. A Correspondent of the News Agency of Nigeria (NAN) who witnessed the incident reports that the cyclist, identified as Okon Akpan, had conveyed his …

There was confusion at the headquarters of the Central Bank of Nigeria (CBN), Abuja yesterday following a fire outbreak at the premises of the apex bank. The fire was said to have started about a few minutes past 6:00p.m. and lasted for about 30 minutes before it was put out. It was gathered that men …

The Guardian Newspaper limited is organizing a one-day cyber security conference in Lagos, the nation’s economic capital. The theme is “Monitoring, Detection and Prevention: Keys to Organisational Growth”. The conference holds February 23, 2017, at the Federal Palace Hotel, Victoria Island, Lagos by 9:00 a.m. The chief host for the event is Governor Akinwunmi Ambode.  Speakers include …

PDP behind fuel scarcity – Tinubu – Asiwaju Bola Tinubu says Nigerians should hold the PDP responsible for destroying the country during its 16-year rule – Dismisses speculation that Nigerians are dissatisfied with the President Muhammadu Buhari-led administration – Says the country needs surgical operation in the hands of a very honest Nigeria The national …

With the plethora of information online, abundant travel agencies and alluring vacation packages, international travel has never been easier. In the process of making the necessary arrangements, however, certain details that seem minor at the time are neglected, one of them being ‘making the necessary notifications before the trip’. Yes, social media makes it easy to stay …