Crypto assets may displace local currencies in developing countries — IMF
The International Monetary Fund has said some emerging markets and developing economies face immediate and serious risks of currency substitution by crypto assets.
The IMF...
Mother-to-child HIV transmission: A critical concern
Although the global community was recently ensnared by COVID-19, an infection caused by severe acute respiratory syndrome, prior to its emergence, human immunodeficiency virus...
Sit-at-home, insecurity causing mental illness – Prof Igwe
Prof. Monday Igwe, Medical Director, Federal Neuropsychiatric Hospital, Enugu, says the sit-at-home directive and insecurity are among triggers of depression and mental illness in...
Naira slides amidst CBN’s assurance of increasing forex supply
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign exchange to meet the...
Naira depreciates further, as foreign reserves gain $600m in one week – Emefiele
Nigeria’s local currency, Naira, faced severe pressures last week, forcing it to a record depreciation against the US Dollar in both the parallel market...
Nigeria returns to int’l capital market for $6.2bn Eurobonds
Three years after it issued a debt instrument in the International Capital Market (ICM) with a $2.5 billion aggregate Eurobonds under its Global Medium...
CBN contradicts Senate over remittances to Consolidated Revenue Fund
The Central Bank of Nigeria, CBN, yesterday contradicted the Senate Committee on finance over the apex bank’s remittances to the Consolidated Revenue Fund, CRF,...
WHO: Ihekweazu appointed assistant DG
Nigeria’s Dr. Chikwe Ihekweazu has been appointed Assistant Director-General of the World Health Organization (WHO) in charge of Health Emergency Intelligence with effect from...
Only a third of NNPC’s Investment in refinery will be paid in cash –...
Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the...
Digital currency gains traction as CBN appoints technical partner
•IMF urges caution on adoption of cryptocurrency as national currency
Ndubuisi Francis and James Emejo in Abuja
The Central Bank of Nigeria (CBN) yesterday announced the...