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Relocation: CBN Headquarters Presently Overpopulated – Cardoso

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Relocation: CBN Headquarters Presently Overpopulated – Cardoso

The Central Bank Governor, Olayemi Cardoso, said the CBN’s planned relocation of departments and personnel to other branches was a response to the current “overpopulation” at the headquarters. Cardoso stated this in an interview with Arise Television on Monday. The CBN governor said the process was normal for any vibrant entity like a central bank. According to him, the move was to...

Salary Delay In 90 MDAs Resolved, As FG Hails Workers For Their Patience

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We Are Only In Challenging Times, Nigerian Economy Not In Distress, Says President Tinubu

The federal government has said all affected federal workers in about 90 Ministries, Departments and Agencies (MDAs) have received their January salaries. Top officials at the Head of Civil Service of the Federation (OHoCSF) and selected MDAs told Daily Trust that they have interacted with colleagues and their subordinates, who all confirmed that they received their salaries. They pleaded not to...

Tinubu Sacks Tukur As NFIU Boss, Appoints Bakari

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Ondo 2024: Group Begs Tinubu To Support Ohunyeye’s Ambition

President Bola Tinubu has fired Moddibo Tukur as the Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), naming Ms Hafsat Abubakar Bakari as his replacement. According to Ajuri Ngelale, presidential spokesman, who announced the appointment, it is subject to confirmation by the Senate. “Ms. Bakari is a lawyer and financial intelligence expert with years of experience in anti-money laundering,...

CBN Increases Customs Duty Rate To N1,605.82 Per Dollar Once More

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CBN Increases Customs Duty Rate To N1,605.82 Per Dollar Once More

Less than five days after it marginally reduced the Customs Exchange rate from N1515.48 to N1472.756 last week, the Central Bank of Nigeria (CBN) has again, for the umpteenth time, increased the rate to N1605.82 per dollar. The rate, which has already been reflected on the Customs portal today, February 21st, 2024, has further dampened the hope of the despondent...

Bitcoin Sets New Record Above $71,000

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Bitcoin Sets New Record Above $71,000

Bitcoin hit a fresh record above $71,000 on Monday as demand for the cryptocurrency picks up amid optimism that the Federal Reserve will cut interest rates this year. The unit hit a peak of $71,432 in afternoon Asian business, according to Bloomberg data, meaning it has advanced almost 70 percent this year. The rally was helped by news that Britain’s Financial...

Otti Orders Withdrawal Tax Suit Against MOUAU

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Gov. Otti Wants Transparency As Investigation Into Students' Protest In Michael Okpara University Commences

The Abia State government has promised to withdraw the suit it instituted against the Michael Okpara University of Agriculture, Umudike, MOUAU, over alleged non-remittance of Pay As You Earn, PAYE, tax, to the state. The state Board of Internal Revenue, BIR, had two years ago, filed a suit against the University over alleged unremitted PAYE tax. Governor Alex Otti, who pledged...

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