Economy

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Banks Hold N530 Billion of CBN Funds, Refund Likely as Cardoso Takes Action

According to an investigation conducted, approximately N531.4 billion of the Central Bank of Nigeria's intervention funds remains unused by nine Deposit Money Banks in...

Central Bank Governor Reveals Link Between Depleting External Reserves and Debt Repayments

The Central Bank of Nigeria (CBN) has shed light on the significant decline in the nation's foreign exchange reserves, clarifying that the primary objective...

Government Refutes Subsidy Payment Claims, Challenges Evidence

The Federal Government, in collaboration with the Nigerian National Petroleum Company Limited, has strongly denied the claims made by various individuals and groups regarding...

NANS Factions Divided on Power Minister’s Performance

The National Association of Nigerian Students (NANS) finds itself divided into two factions as they take opposing stances on the performance of Adebayo Adelabu,...

Naira’s Soaring Value Approaches N1,000/$ at Parallel Market

The Nigerian naira continues to demonstrate its remarkable recovery against the United States dollar, with a surge to N1,136/$ at the official market and...
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