CBN Bows To Pressures, Reviews Cash Withdrawal Limits

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Wale Ojo-Lanre Drags Peter Obi, LP, Mother, FG, AGF To Court For Rights Violation

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Depositors and shareholders nationwide unite in their resounding appreciation for the exemplary leadership and tireless dedication exhibited by the esteemed management and staff of First Bank of Nigeria. In his remarks at the meeting of the Association of Online Bank Reporters with some First Bank depositstors in Lagos yesterday, Mogaji Wole Arisekola praised First Bank’s …

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Prince Harry and Meghan Markle have arrived in Nigeria for their 3 Days tour to promote the Invictus Games. They will also attend a training session for the charity organisation Nigeria: Unconquered which collaborates with the Invictus Games, as well as a reception where military families will be honoured.   On Saturday, the couple will …

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WASHINGTON, Jan. 10, 2023  Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, …

Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl” — took off Monday from Newquay in England’s Cornwall county, 245 miles west of London, in a first launch for the country from UK soil. But nearly two hours after the plane left the ground, Virgin Orbit revealed the launch was a failure. Richard Branson’s Virgin …

Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the reserves which stood at $40.52bn as of the end of December 31, 2021, ended December 29, 2022 at $37.09bn. At the last Monetary Policy Committee …

A United Kingdom-based Nigerian, Taiwo Balogun, 53, who went missing on Thursday, December 1, 2022, has been found dead in a lake in Kent. Balogun from Crayford was last seen near her home in southeast London four weeks ago. Her body was found in a lake at Bluewater shopping centre in hunt for “vulnerable” missing …

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