News as it breaks
The Central Bank of Nigeria (CBN) has scrapped the three free monthly withdrawals previously allowed for customers using ATMs of other banks, a move set to take effect from March 1, 2025. According to a circular dated February 10, 2025, and signed by John Onojah, Acting Director of the Financial…
The Nigerian government has officially announced its acceptance of an invitation to join BRICS as a partner country, signaling a significant step in its pursuit of global economic and strategic partnerships. BRICS, an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab…
In a bid to provide capacity building and linkages that set to put the confluence town of Nigeria, Lokoja on the global education ranking amongst its peers, Comrade Yusuf Albdulazeez has been appointed as the Centre Manager for the newly established Environmental Resource Information Centre of the School of Environmental…
A New Dawn for Graduate Economic Empowerment and Financial Independence through Cooperative Entrepreneurship and Innovations in Nigeria, says Dr. Peter Ayim, President, National Corps Members Cooperative Society (Corps-Coop). The National Corps Members Cooperative Society (Corps-Coop), a pioneering cooperative society endorsed by the National Youth Service Corps (NYSC) and the Federal…
The House of Representatives has vowed to be fair to all parties in the probing of the massive retirement of over 1000 staff of the Central Bank of Nigeria, CBN. The Chairman of the adhoc committee probing the massive retirement of Staff in the CBN, Mallam Bello Kumo, made this…
Dangote Petroleum Refinery says it has reduced the price of its petrol to N899.50K per litre to provide relief for Nigerians ahead of the Christmas and New Year holiday season. In a statement, the company’s spokesman Anthony Chiejina said the price reduction is designed to ease transport costs during the…
President Bola Tinubu, on Wednesday, stated that the Federal Government aims to stabilise the exchange rate at N1,500 to the dollar to ensure the smooth implementation of the 2025 budget. This marks a reduction of about N200 from the current rate of N1,700 to a dollar. Tinubu made this known…
Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024, the National Bureau of Statistics (NBS) said Monday. The November inflation rate showed an increase of 0.72% points compared to the October 2024 inflation rate, according to NBS’s latest Consumer Price Index (CPI) report which…
The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved. Mr Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos.…
Communities, civil society, and trade unions across Africa are raising their voices against the privatisation of water services, advocating for equitable access to safe water as a fundamental human right. The executive director of Corporate Accountability and Public Participation Africa (CAPPA), Akinbode Oluwafemi, at an international press conference organised by…
