CBN Raises Over N1tn In Fresh OMO Auction
The Central Bank of Nigeria (CBN) raised a total of N1.008 trillion at its Open Market Operations (OMO) auction held on Friday, April 25, 2025. This follows an overwhelming investor demand that led to a 102 percent oversubscription. According to the apex bank data, the auction, which initially offered N500
EFCC Issues Fresh Warning — Move Cash Illegally, Forfeit It Forever
The Kano Zonal Director of the Economic and Financial Crimes Commission (EFCC), Ibrahim Shazali, has issued a stern warning to travellers, whether businessmen, pilgrims, or tourists, that violators of Nigeria’s cash movement laws risk forfeiture of funds and a minimum of two years imprisonment. Shazali delivered the warning during a
Vardy Leaves Leicester City After 13 years
Leicester City striker, Jamie Vardy, is set to leave the club at the end of this season. The Foxes announced on Thursday that Vardy will depart after 13 years at the King Power Stadium. The 38-year-old striker was signed in 2012 from non-league side Fleetwood Town. He leaves as Leicester’s
Trump Announces: US Tariffs On China Will Come Down Substantially
President Donald Trump of the United States has said that high tariffs on goods from China will come down substantially. He said the tariffs would crash but won’t go down to 0%. The President stated this during a White House news conference on Tuesday. Trump stated this in response to
Osimhen Reacts To Galatasaray Win Over Fenerbahce – ‘I Want To Do Everything I Can’
Osimhen fired a brace to help Galatasaray beat Fenerbahce 2-1 in the quarter-final of the Turkish Cup on Wednesday night. The forward fired a thunderous shot inside the box to give Okan Buruk’s side the lead in the 10th minute. He scored his second of the game from the penalty
Juric Thumbs Up Onuachu’s Display vs Crystal Palace — EPL: ‘He Was Really Good’
Southampton manager, Ivan Juric has showered encomium on Paul Onuachu following the forward’s impressive performance in the club’s 1-1 draw against Crystal Palace. The tall striker put Southampton ahead with a superb header in the 20th minute minute. Onuachu rose to direct Mateus Fernandes’ cross past Dean Henderson. Crystal Palace
Naira Continues Appreciation On Official Market
The naira continued appreciating against the dollar on Wednesday at the official foreign exchange market after the Eid-el-Fitr holidays. The Central Bank of Nigeria’s data showed that the naira strengthened to N1,531.25 per dollar on Wednesday from N1,536.82 recorded last Friday. This means that the naira gained N5.57 per dollar
APC Replies Peter Obi – Tinubu Is An Achiever
The All Progressives Congress, APC, has criticised former Labour Party, LP, presidential candidate Peter Obi over his condemnation of President Bola Tinubu’s administration. APC described Tinubu as a solid achiever who transformed difficulties into opportunities as governor of Lagos State, unlike Obi, who “bequeathed a sordid legacy of economic stagnation,
NCAA Warns International Airlines Over Deportation Of Nigerian Passengers
The Nigeria Civil Aviation Authority, NCAA, has warned international airlines over complaints from passengers who are flown halfway to their destinations, only to be deported back to Nigeria. NCAA condemned the practice, claiming that it causes considerable distress for passengers and damages the reputation of Nigeria’s aviation industry. The agency’s
Naira Continues Depreciation Against Dollar, Records Highest Decline Weekly
The Nigerian naira continued depreciation on Friday at the foreign exchange market to end the week on a negative note. According to the Central Bank of Nigeria’s exchange rate data, the Naira fell to N1,517.24 on Friday from N1,512.30 exchanged on Thursday. On a day-to-day basis, this showed that the