The federal government and the Republic of Benin have entered an agreement to end the importation of rice across West African countries. This agreement was announced at the end of a meeting between a delegation from Benin, the Rice Farmers Association of Nigeria (RIFAN) and Ibrahim Gambari, the chief of staff to the president, in […]
Kogi State Governor Yahaya Bello has cautioned Nigerian youths to desist from any form of criminality, advising them to venture into farming rather than perpetrating evil in the name of banditry, kidnapping and other insecurity issues bedviling the growth and development of the country. He gave this advice during Channels TV at Politics Today monitored […]
The Central Bank of Nigeria has acknowledged Vice-President Yemi Osinbajo’s counsel on the regulation of digital currencies, which has sparked controversy among Nigerians. After an order from the apex bank to commercial banks to restrict cryptocurrencies related transactions, Nigerians reacted angrily. Osinbajo, who spoke at the Bankers Committee programme on Friday, said there is a […]
Vice President Yemi Osinbajo has admonished the Central Bank of Nigeria (CBN) and to reflect on the decision to ban cryptocurrency, saying that there should be regulation rather than prohibiting its use. He stated this on Friday in a keynote address delivered virtually at a one-day economic summit organized by the Central Bank of Nigeria, […]
At least three Swiss newspapers — Luzerner Zeitung, Aargauer Zeitung and St. Galler Tagblatt — have all primarily described Ngozi Okonjo-Iweala, the recently-elected director-general of the World Trade Organisation (WTO), as a 66-year-old Nigerian grandmother. While Okonjo-Iweala is indeed a grandmother and a 66-year-old, describing her as such after such a major appointment has led […]
Bitcoin’s price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to now consider cryptocurrencies. According to CNBC, the world’s largest digital currency by market valuable rose more than 3% to an all-time high of $50,487 at about 7:30 a.m. ET, according to data from Coin […]
The consumer price index , which measures the rate of increase in the price of goods and services , increased to 16. 47 per cent in January, the Punch reports. This is the highest point since April 2017. The report released by the National Bureau of Statistics shows that food inflation has also crossed the […]
A former Nigerian minister of finance, Ngozi Okonjo-Iweala, has emerged as the Director-General of the World Trade Organization. A statement released by the WTO on Monday, announced the confirmation of Okonjo-Iweala as the first female and African to become the organisation’s Director-General. Her recent endorsement by the United States of America and the withdrawal of […]
The Senate on Thursday, summoned the Governor of Central Bank of Nigeria , Godwin Emefiele , and Director General of the Security and Exchange Commission, Lamido Yuguda, over the decision of the CBN to ban the use of cryptocurrency in the country . The decision was taken following a motion by Senator Istifanus Gyang and […]
The Central Bank of Nigeria (CBN) has launched an investigation into financial institutions offering services to cryptocurrency traders, TheCable understands. On Monday, the bank sent out examiners to start looking into the books of the banks. “Banks are not allowed to offer services to unregulated businesses and crypto trading is one of such,” a senior […]
