The Central Bank of Nigeria (CBN) has increased the benchmark interest rate to 17.5 percent on Tuesday. CBN’s policy-setting committee increased the monetary policy rate (MPR) from 16.5 percent to 17.5 percent at its first meeting of the year in Abuja earlier today. Every other interest rate employed in an economy is based on the…
A former member of the All Progressives Congress (APC) Presidential Campaign Council and Director of Civil Society, Hajia Najaatu Mohammed, has accused Bola Ahmed Tinubu of financially inducing APC governors to emerge as the party’s flagbearer at the primaries. Truetells Nigeria reports that Hajia Naja’atu Mohammed had last Saturday announced her resignation from the APC…
The Senate has asked the Central Bank of Nigeria (CBN) to extend the deadline for the circulation of old naira notes by six months. The lawmakers during plenary on Tuesday said the apex bank should shift its deadline till July 31, 2023. Truetells Nigeria recalls the CBN had introduced the redesigned N200, N500, and N1000…
Pa Lawrence Aderemi Ariwodola, a retired teacher, has narrated how devastated he was as ₦150,984 left the Access Bank account he had been operating for years. Pa Ariwodola, living in Lagos State, explained to FIJ on Saturday that on October 28, 2022, he received a couple of debit alerts on his phone, which disturbed…
Black market dollar to naira exchange rate for today 24 January 2023, Aboki dollar rate can be accessed below. Truetells Nigeria reports that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N750 and sell at N755 on Tuesday 24 January 2023, according to sources at Bureau…
Akmodel homes and properties have allocated one of its properties, *Akmar Flourish Gardens in Epe* to their customers who have successfully made full payments for the lands. Speaking at the allocation site during the weekend, the MD/CEO Akmodel Properties, Bldr. Dr. Odegade Abdulhakeem said Akmar Flourish Gardens is made for smart investors. “We are live…
The management of the Lagos State University (LASU) has prohibited the wearing of miniskirts, face caps, rolled sleeves, and other indecent attire on campus. This was stated in a circular issued by the school’s Vice Chancellor, Professor Ibiyemi Olatunji-Bello, ordering lecturers in the institution to begin denying students access to lecture halls due to…
The Nigerian Army has said that gunmen terrorising the South-East region of the country cannot stop the forthcoming 2023 general elections in the region because they do not have what it takes to carry out their threats. The Nigerian Army said that the armed criminals who had been threatening to stop the general elections from…
The Aminu Bello Masari-led Katsina State Government has approved N499,650,000 for mobilisation of citizens to welcome President Muhammadu Buhari to the state for the All Progressives Congress presidential campaign. According to the letter of approval obtained by SaharaReporters on Monday, dated January 18, 2023, addressed to Commissioner for Local Government and Chieftaincy Affairs and…
Federal high court sitting in Lagos south west Nigeria has adjourned till 28th February,2023 for continuation of trial, the nine-count charge of obtaining money by false pretence filed by Economic and Financial Crimes Commission EFCC, against a Lagos business man, Sarumi Samusideen Babafemi and three of his companies namely 606 Autos Limited,606 Music Limited and…
