The Central Bank of Nigeria (CBN) and its Monetary Policy Committee (MPC), led by its governor Yemi Cadaso has raised the interest rate to 26.25 percent in the struggle to combat the deteriorating inflationary trends. Previously Nigeria’s interest rate stood at 24.75 percent before the baseline lending rate was increased by 150 basis points to 26.25 per cent. The … [Read more...] about Interest rate 26.25%, Inflation 33.69%: ‘There is no magic wand’ – Yemi Cadaso
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Chinese citizens convicted and jailed in Nigeria for illegal mining
Two Chinese citizens, Duan Ya Hong and Xiao Yi were convicted and jailed in Ilorin, Kwara State, Nigeria by Federal High Court sitting in Ilorin, for illegal mining in the state. Economic and Financial Crimes Commission (EFCC) arraigned the two Chinese citizens together with their company Ebuy Concept Limited before Justice Evelyn Anyadike, on one-count … [Read more...] about Chinese citizens convicted and jailed in Nigeria for illegal mining
Nigeria Trip: Duke and Dutch of Sussex @ Lagos Polo Game
“The royal couple spent the afternoon at Lagos Polo Club for a reception celebrating Nigeria: Unconquered, the charity that helps support wounded veterans from the country on their quest to make it to the Invictus Games. Meghan wore a dress by Johanna Ortiz and a pair of familiar Heidi Merrick sunglasses and Harry wore a dark suit. Together, the pair watched a polo match … [Read more...] about Nigeria Trip: Duke and Dutch of Sussex @ Lagos Polo Game
Duchess Meghan Has ben titled ADA MAZI by 3 Nigerian kings – Igwe Achebe Obi of Onitsha, Olu of Warri and OJi Eze of Arochukwu
"Meghan Markle has been showered with love from Nigerian fans who have welcomed their 'new princess' during the Duke and Duchess of Sussex visit to the nation. The mother-of-two was on Sunday honoured as an 'Ada Mazi' - seemingly a title of respect meaning 'daughter of an aristocrat' - of the Ancient Arochukwu Kingdom. Three Kings - His Eminence Engr Eberechukwu Oji, Eze Aro … [Read more...] about Duchess Meghan Has ben titled ADA MAZI by 3 Nigerian kings – Igwe Achebe Obi of Onitsha, Olu of Warri and OJi Eze of Arochukwu
End of naira continues: Naira becomes the worst performing currency in the world
It was just few weeks ago, Nigerians were celebrating and the government officials were high-fiving each other on the appreciation of naira. After losing more than 60 percent of its value, naira suddenly was coming back, even becoming the best global performing currency of the week. But a week later, naira abruptly lost all the gain, nosediving to all time low and … [Read more...] about End of naira continues: Naira becomes the worst performing currency in the world