The CBN took its reassurance on the recapitalisation exercise to global investors at a forum convened by the UK-Nigerian Chamber of Commerce The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reteriated that the bank will continue to collaborate with relevant financial institutions, the fiscal authorities and the National Assembly to ensure a successful recapitalisation exercise for deposit money banks in the country. Mr. Cardoso made this pledge in London on...
Nigeria’s Parliamentary Monitoring Organisations said the National Assembly (NASS) must prioritize the interest of citizens at all times A group of civil society organizations under the aegies of the Nigeria Network of Parliamentary Monitoring Organisations (NNPMO) has called on the National Assembly (NASS) to prioritize the interest of citizens above political and personal pursuits. The NNPMOs, which are a cluster of civil society organizations that promote transparency, accountability, and citizen participation in parliamentary processes and...
The Central bank is pleased that it’s monetary policy tightening appears to be yielding results in view of consecutive slowing of monthly inflation rates The Central Bank of Nigeria (CBN) has expressed delight at the consecutive reduction in monthly inflation rates. A statement by the communications department of the apex bank weekend said year-on-year inflation slowed in May for 13 Nigerian states, including the Federal Capital Territory (FCT) Abuja, Akwa Ibom, Borno, Cross River, Delta,...
The CBN dialogue with the NESG was convened to effectively consider strategies to strengthen the apex bank’s recent monetary policies The Central Bank of Nigeria (CBN) has hosted a dialogue with the Organised Private Sector (OPS) and the apex bank’s leadership to explore strategies for enhancing Nigeria’s financial sector, especially recent monetary policies. The dialogue, which was held at the bank’s Lagos office during the week, focused on exploring how broad-based monetary policy communication and...
Osun residents beat House of Reps member for failing to fulfil his campaign promises In a startling turn of events, residents of Osun State took matters into their own hands as they assaulted a member of the House of Representatives for allegedly failing to fulfil campaign promises. The House of Representatives member representing the Ifelodun/Boripe/Odo-Otin federal constituency of Osun State, Rep Olusoji Adetunji, visited Ada – his home town ahead of the Sallah festivities when...
Kogi State, in the north-central Nigeria, has a total of twelve members in the National Assembly, comprising of three senators and nine representatives in the House
Nasarawa state, in the north-central Nigeria, has a total of eight members in the National Assembly, comprising of three senators and five representatives in the House
Lagos State, in the south-west Nigeria, has a total of Twenty-seven members in the National Assembly, comprising of three senators and Twenty-four representatives in the House Lagos State, southwest Nigeria, is on the Atlantic coast with the most population in Nigeria. It is bounded by Ogun State to the north and to the east. It has the Bight of Benin to the south, and the Republic of Benin to the west. From 1914 to 1954...
Speaker Abbas said the president’s approval of the scheme has demonstrated his avowed readiness, commitment, and steadfastness to better the lives of Nigerians through people-oriented policies and programmes. The Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen has commended President Bola Ahmed Tinubu for the approval of the takeoff of the first phase of the Consumer Credit Scheme. Speaker Abbas said the president’s approval of the scheme has demonstrated his avowed readiness, commitment, and...
Speaker Abbas to sponsor bill for compulsory NASS consultations on electricity as critical problems in sector must be addressed. The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, Ph.D, has announced plans by him to propose a law that would make it mandatory for the relevant Federal Government bodies to consult the National Assembly and other stakeholders before fixing Electricity tariff. “Accordingly, I will sponsor a bill to provide administrative procedures that entrench...
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