The Speaker of the House of Representatives, Tajudeen Abbas, has urged the Central Bank of Nigeria (CBN) to clarify the sacking of about 1,000 staff members and the subsequent payment of a ₦50 billion compensation package to the disengaged persons. Abbas made the request while opening an… Explain To Us Why You Decided To Sack … Read more
The inflation rate has spiked to 34.60 percent amid hardship under Tinubu. Newsone Nigeria reports that Nigeria’s inflation rate for November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians under President Bola Tinubu’s leadership. This… BREAKING: Inflation Rate Spikes to 34.60 Percent Amid Hardship Under Tinubu …C0NTINUE READING >>>>
Nigeria’s Inflation Rate Rises to 33.8% Under President Tinubu …C0NTINUE READING HERE >>> Nigeria’s inflation rate has risen to 33.8% under President Tinubu. Newsone Nigeria reports that the National Bureau of Statistics (NBS) says Nigeria’s inflation rate was 33.88 percent in October — up from 32.7 percent in September. The data is captured in the NBS’ latest consumer price index … Read more
Court restrains CBN from releasing allocation to Rivers State …C0NTINUE READING HERE >>> Sim Fubara A Federal High Court located in Abuja has issued an order preventing the Central Bank of Nigeria (CBN) from continuing to disburse monthly financial allocations to the Rivers State government. The implications of this ruling could have far-reaching effects on … Read more
World Bank Says Naira Is Among Worst Performing Currencies in Africa …C0NTINUE READING HERE >>> According to the World Bank, Naira is among Africa’s worst-performing currencies. Newsone Nigeria reports that Nigeria’s official legal tender, the Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. This online news platform understands that … Read more
CBN Approves Providus Bank and Unity Bank Merger …C0NTINUE READING HERE >>> CBN has approved the Providus Bank and Unity Bank merger. Newsone Nigeria reports that the Central Bank of Nigeria (CBN) led by Olayemi Cardoso, has approved the framework for the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the … Read more