Three years since the Central Bank of Nigeria (CBN) under the former governor Professor Charles Soludo introduced the polymer N20 note, the apex bank will roll out new N50, N10 and N5 polymer currency notes this month. New CBN Governor … read more
MINISTER of Defence, Major-General Godwin Abbe, has said that contrary to the news doing the rounds that the military had deployed military warship and aircraft in the oil rich region of Niger Delta, the story is far from the truth. … read more
Nigeria’s main militant group said on Wednesday it was extending a two-month-old ceasefire in the oil-producing Niger Delta by 30 days but warned the government an amnesty programme had not yet tackled key issues. The Movement for the Emancipation of … read more
The Economic and Financial Crimes Commission (EFCC) on Tuesday put the total amount of debts collected from debtors of the five troubled banks at over N87 billion. Spokesman of the commission, Femi Babafemi, who gave an update on the debt … read more
A Nigerian high court has granted bail to seven senior bank officials in a financial scandal that threatens the recovery of sub-Saharan Africa’s second largest economy. The former executives face charges ranging from recklessly granting loans to share price manipulation … read more
The main armed rebel group in oil-rich southern Nigeria said it will make public its decision after midnight on whether or not to renew its amnesty-linked truce which expires on Tuesday. “That decision will be made public after midnight tonight,” … read more
PRINTING money to solve an economic problem by a country. What are the economic implications? And can such be used to solve every economy problem? These appear to be the contention since the Central Bank of Nigeria (CBN) reportedly admitted … read more
Just as there are continued agitations from the Niger Delta region over the negative effects of oil exploration in the region, fresh evidence has revealed that oil giant, Shell is having colossal contribution to global climate change vis-à-vis the deteriorating … read more
As expected, the Nigerian media again devoted their pages this week to the continuing cleansing in the banks and the resultant dismissal of five bank chief executives a few weeks ago. However, the problem seemed to have taken a new … read more
Eminent Nigerian lawyer, Gani Fawehinmi, has died in Lag os, aged 71. According to reports reaching PANA, Fawehinmi, died in the early hours of 5 Sept ember, 2009, after a prolonged struggle with cancer. He was a well celebrated human … read more