Author: Editor

The Central Bank of Nigeria (CBN’s) N1.053 trillion ($680 million) in short-term instruments were successfully concluded with investors over subscribing the offer. A statement issued on Sunday night by CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi, stated that the sale is part of its liquidity management exercise. Sidi said that the apex bank’s N500 billion offer at the Open Market Operations (OMO) auction was oversubscribed after selling N1.053 trillion, with 79 per cent of the total bids, or the equivalent of $530 million coming from foreign investors. The auction was the first since last week’s Monetary Policy Committee…

Read More

The recent planned Nigeria Labour Congress (NLC’s) hunger protests have brought to light the Tinubu administration’s abject negligence when it comes to addressing the dire plight of its citizens. These protests, which reverberated across the nation, served as a poignant reminder of the escalating food insecurity and economic hardship faced by a large segment of the Nigerian population. By Abdul-Azeez Suleiman It is disheartening to witness fellow citizens driven to the streets in protest, demanding access to the most basic of necessities – food. Such a stark display of desperation underscores the government’s failure in fulfilling its primary mandate of…

Read More