News

Amid rising inflation rate, CBN says monetary policy stance yielding desired economic impact

Despite the rising inflation rate in Nigeria, the Central Bank of Nigeria (CBN) has declared that the monetary policy reforms put in place have started having a positive impact on the economy. The bank’s Director of, Corporate Communications Department, Isa AbdulMumin stated this in Abuja on Wednesday while speaking on the latest National Bureau of Statistics (NBS) figures. Recall that …

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Top 10 stories from across Nigerian Newspapers, Saturday, August 5, 2023

These top 10 stories across the nation’s newspapers might interest you. 1. Tinubu withdraws Shetty, nominates Keyamo in ministerial reshuffle Dr. Mariam Shetty, a candidate from Kano State, has had her nomination withdrawn by the president, Bola Tinubu, on Friday.Read more 2. Nigerian govt begins central bank forensic audit, to overhaul civil service payroll President Bola Tinubu said on Friday …

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NGE Confab: Tinubu advocates positive narrative to boost investment

President Bola Tinubu has enlisted the support of the media towards projecting the country positively to enhance investor confidence and attract the needed investments to foster economic growth in the country. The President, who was represented by the Minister of Information and National Orientation, Mohammed Idris, made the remarks at the opening of the 19th All Nigeria Editors Conference, organised …

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Breaking: Tragedy as another building collapses in Lagos

Tragedy struck on Thursday morning when a two-storey building located at number 34 Oloto Street, Borno Way, off Freeman Street, Oyingbo, in Lagos collapsed, killing a woman said to be in her 80s. The yet-to-be-identified woman died on the spot as a result of the impact suffered when the building collapsed on her. The incident happened at about 7.45 am …

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Naira makes slight rebound, appreciates to N818.99/$1 at official market

The naira, Wednesday, halted a 2-day slump to appreciate against the US Dollar at the official market. The exchange rate between the naira and dollar rose to N818.99/$1 on Wednesday at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents an N31.23 gain or a 3.81% increase in the local currency compared to the N850.22 it recorded on …

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Top 10 stories from across Nigerian Newspapers, Thursday, October 5, 2023

These top 10 stories across the nation’s newspapers might interest you. 1. ‘Tinubu who attended CSU is same person who is president of Nigeria today’, Registrar testifies before US court The Registrar of Chicago State University (CSU), Caleb Westberg, has testified that President Bola Tinubu indeed attended the institution and graduated in 1979.Read more 2. Ondo boils as Akeredolu, deputy …

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UCL: Newcastle stun PSG, Man City thrash Leipzig as Barca pip Porto

Newcastle United stunned Paris St-Germain with a 4-1 victory in their Champions League group F matchday two encounter on Wednesday night. The English side, who had made their return to the Champions League with a 1-draw against AC Milan in their opening game, are now sitting top of the group. Miguel Almirón, Burn, Sean Longstaff, and Fabian Schär all scored …

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