CBN retains Nigeria’s interest rate at 27.5% amid inflation drop
The Central Bank of Nigeria’s monetary policy committee has voted to hold the monetary policy rate at 27.25 per cent Addressing the press at the end of its 2-day meeting in Abuja yesterday, the CBN Governor, Yemi Cardoso, said the committee also retained the asymmetric corridor around the MPR at +500/-100 basis points, Cash Reserve […]
Davido To Headline His First UK Stadium Concert With 50 Cent & Mary J Blige
Davido will on July 3, 2025, headline his first stadium concert in the United Kingdom, alongside 50 Cent and Mary J Blige. The concert is billed for the 60,000-capacity Tottenham Hotspur Stadium in the United Kingdom. The history-making event for Davido will come after he drops his fifth album ‘5ive’ in March 2025. READ ANOTHER STORY HERE: […]
CBN mandates FX sellers to Bureau De Change of the equivalent of 10,000 dollars and above to declare their forex sources
Haruna Mustapha, Director, Financial Policy and Regulation Department of the CBN, said this in a revised regulatory framework to curtail excesses of BDCs and check uncertainty in the foreign exchange market. Mustapha said that such sellers would also be required to comply with all Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations. The guidelines also […]
The FG seeks to raise ₦2.5 trillion in its second FGN bonds auction of the year
Debt Management Office in a circular issued on Wednesday, stated that the offerings consisted of ₦1.25 trillion with a maturity date of February 2031 and ₦1.25 trillion with a 10-year tenor. FGN savings bonds are part of the domestic borrowing plan of the Federal Government. Last year, the Federal Government raised about ₦7.06 trillion from […]
The Omniverse Summit Takes the Digital Economy Center Stage in Lagos, expecting 20,000 leaders
Tech, Creativity, and Entrepreneurship Unite: The Omniverse Summit Takes the Digital Economy Center Stage in Lagos, expecting 20,000 leaders The Omniverse Summit will feature four (4) days of meaningful programming focused on actionable outcomes at Landmark Centre Lagos from February 27 – March 1, 2024 LAGOS, Nigeria, January 11, 2024/ — The Omniverse (https://TheOmniverse.africa/), a dynamic […]