News

We inherited net external reserve at $859m — CBN

We inherited net external reserve at $859m — CBN

By EmekaAnaeto, Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has revealed that the nation’s Net External Reserve had plunged to a mere $859 million as of the second quarter of 2023, a clear negative position unprecedented in the history of the bank, and also less than a month imports bill. The […]
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Rescued Banks: FG to appoint  AMCON executives

Rescued Banks: FG to appoint AMCON executives

THE Governor of Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, yesterday, said that the much awaited Assets Management Company of Nigeria (AMCON) expected to bring relief to the rescued banks will kick off as soon as President Goodluck Jonathan nominates the executive members of the company.

Nwodo sacks Ogun State PDP

Nwodo sacks Ogun State PDP

BARELY forty-eight hours after the dissolution of the Abia State Chapter of the Peoples Democratic Party, PDP, the National Chairman of the Party, Dr.Okwesilieze Nwodo yesterday sacked that of Ogun State.

PDP belongs to the people, not Nyako  – Atiku

PDP belongs to the people, not Nyako – Atiku

FORMER Vice President Atiku Abubakar said yesterday that governor Murtala Nyako cannot sit in his office and dictate to the people on how a party like the Peoples Democratic Party, PDP, will be run.

Resolve zoning issue, northern groups urge PDP

Resolve zoning issue, northern groups urge PDP

The two major groups on the two sides of the political divides working for and against the entrenchment of zoning in the ruling Peoples Democratic Party yesterday called on the party to expeditiously resolve the issue of zoning in the interest of the country and the party.