BUSINESS

CBN, LG autonomy and need for financial probity

Daily Dispatch March 10, 2025

By Lawal Nasir When in July 2024, the Supreme Court gave a ruling that effectively granted financial autonomy to the 774 local government councils in the country, the development was received with mixed reactions. While many celebrated the position of the nation’s apex court with regards to the

LEAD STORY 1

Court orders final forfeiture of Emefiele’s $4.7m, N830m, property

Daily Dispatch February 21, 2025

A federal high court in Lagos has ordered the final forfeiture of $4.7 million, N830 million, and property linked to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN). Yellim Bogoro, the presiding judge, granted the final forfeiture application brought by the Economic and Financial Crimes Commission (EFCC), in a judgement delivered on […]

BUSINESS

CBN Retains Interest Rate At 27.5%

Daily Dispatch February 20, 2025

The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around […]

BUSINESS

CBN Increases Interest Rate To 27.50 Percent

Daily Dispatch November 26, 2024

The Central Bank of Nigeria (CBN) has increased the country’s monetary policy rate to 27.50 percent, up from the previous rate of 27.25 per cent. The decision was made during the final meeting of the year for the Monetary Policy Committee (MPC), which convened at the central bank’s headquarters in Abuja on Tuesday. CBN Governor, Yemi Cardoso, […]

NEWS

Eclipse of the sun reported in Kano, Oyo

Daily Dispatch April 8, 2024

An eclipse of the sun has been reported in Kano State. The report on X, formerly Twitter, was made by a user: Ahmad EO Abdulbaqi, who backed it up with a photograph. There was also an eclipse of the sun in parts of Oyo State, which The Eagle Online could not confirm as at press […]

TOP STORIES

Ministers, CBN, FIRS pledge to address high cost of living

Daily Dispatch February 6, 2024

The Minister of Finance, Mr. Wale Edun, and the Minister of Budget and National Planning, Atiku Bagudu, have assured Nigerians that the high cost of living being witnessed by Nigerians is currently being addressed. Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), and Mr. Zacch Adedeji, Chairman, Federal Inland Revenue Service […]