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Currency outside banks rises 119% as banks’ reserves up 79%

Currency outside banks rises 119% as banks’ reserves up 79%

Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trillion in August 2026, from N2.223 trillion in […]

Alleged Rights Violation: AGF asks court to dismiss El-Rufai’s N1bn suit

Alleged Rights Violation: AGF asks court to dismiss El-Rufai’s N1bn suit

By Ikechukwu Nnochiri ABUJA—The Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has asked the Federal High Court in Abuja to dismiss, as lacking in merit, the N1 billion fundamental rights enforcement suit that the former governor of Kaduna State, Nasir El-Rufai, filed against him and the Independent Corrupt Practices […]

Tinubu understands my Rainbow Coalition – Wike

Tinubu understands my Rainbow Coalition – Wike

Federal Capital Territory FCT minister, Nyesom Wike, has said President Bola Tinubu fully understands the concept behind his Rainbow Coalition project, insisting that the sustained attacks on the initiative are being driven by Imo State Governor, Hope Uzodinma, whose ambition to become Senate President ahead of the expiration of his tenure has fuelled the crisis.