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CBN receives locally sourced LBMA-Standard Gold into foreign reserves

CBN receives locally sourced LBMA-Standard Gold into foreign reserves

…As Cardoso advocates reforms to unlock Nigeria’s mineral potential  By Babajide Komolafe The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves. This brings the CBN’s total gold holdings to $3.5 billion, marking a significant step in its […]

Nigeria’s money supply drops slightly to N123trn

Nigeria’s money supply drops slightly to N123trn

…as currency outside bank drops 3% •Credit to govt, private sector shrinks  By Elizabeth Adegbesan Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in January 2025 from N124.4 trillion in December 2025, indicating low liquidity in the banking system despite a decline in interest rate. Central Bank of Nigeria (CBN) Open Market […]

That Julius Takeme weeping like Jesus Christ

That Julius Takeme weeping like Jesus Christ

By: Enewaridideke Ekanpou Something psychologically destabilising has just swept the earth in Obotebe, Ngbilebiri, Isaba and Gbaramatu Kingdoms in Burutu Local Government Area and Warri South-West Local Government Area of Delta State. So, Chief Dr. Julius Takeme, the Chairman of Burutu Local Government in Delta State, wept, mind swept off the cautionary traditional code that […]

BDAN appoints Olorunshola Chairman Board of Directors

BDAN appoints Olorunshola Chairman Board of Directors

By Babajide Komolafe The Bank Directors Association of Nigeria (BDAN) has appointed Dr. Oluwayemisi Olorunshola as Chairman of its Board of Directors, following the retirement of Mr. Mustafa Chike-Obi after completing his tenure. BDAN disclosed in a statement that Dr. Olorunshola currently serves as Chairman of the Board of Wema Bank Plc and brings over 25 […]

JICA strengthens collaboration with Benue SUBEB

JICA strengthens collaboration with Benue SUBEB

…supplies mathematics textbooks to Makurdi school By Peter Duru, Makurdi The Japan International Cooperation Agency (JICA) has renewed its collaboration with the Benue State Universal Basic Education Board (SUBEB) to strengthen learning outcomes in selected Effective Model Schools across the state. The renewed partnership, which focuses on improving access to modern learning facilities and instructional […]

Customs strengthens revenue, security drive at MMIA

Customs strengthens revenue, security drive at MMIA

By Godwin Oritse THE management of the Murtala Mohammed International Airport, MMIA, Command, of the Nigeria Customs Service, NCS, has said that it leaves no stone unturned in securing the nation while ensuring that every revenue accruable to government is collected. Speaking to newsmen in Lagos, Customs Area Comptroller of the command, Controller Godwin Otunba, said […]