Parrot Nigeria News

The recent announcement from the Central Bank of Nigeria (CBN) indicating a new round of bank recapitalization has significant implications for foreign-owned banks operating in Nigeria, including US-owned Citibank and…

The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the Nigerian economy, a development that underscores the effectiveness of its monetary policy strategies.   Mrs Hakama…

The Federal Capital Territory High Court in Apo, Abuja, on Thursday, remanded serving Senator Benson Konbowei in the Kuje Correctional Centre. The Bayelsa Central senator is being tried by the police on three counts…

In light of Apostle Johnson Suleman’s recent remarks alleging a generational curse afflicting the family of the late Access Bank Group’s Chief Executive Officer (CEO), Herbert Wigwe, the family has issued a response to…

The Nigerian Communications Commission (NCC) has extended by one week the second phase of SIM-NIN linkage deadline, top officials of the commission told Daily Trust. It would be recalled that the disconnection process was…

Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of N419.42bn given out. Daily Trust reports that the…

The federal government has released a sum of N90 billion to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia, Daily Trust has learnt. An impeccable source within the National Hajj Commission of Nigeria (NAHCON)…

The Lagos State Government, on Thursday, intensified the mopping up of banned styrofoam and single-use plastics in the state. The state Commissioner for Environment and…

Bankers are voicing opposition to the Central Bank’s decision to omit retained earnings from the share capital calculation in its recent recapitalization guidelines. The Central Bank announced on Thursday a new set of…

President Bola Tinubu has called on religious leaders to refrain from vilifying or denigrating the nation in their sermons. Speaking during Ramadan Iftar (breaking of fast) with traditional rulers and religious leaders at…

Dozens of worshippers died after a bus headed to an Easter conference apparently “lost control” and “plunged” off a cliff in South Africa’s Limpopo province on Thursday, the South African Broadcasting Corporation (SABC)…

Arsenal have confirmed that Ethan Nwaneri has signed his first professional contract with the English club. The England youth international joined the Gunners in May 2015 and has developed through its academy. This…

Determined to prove his innocence in the controversy surrounding the murder of 17 military men in Okuama, the Ovie of Ewu-Urhobo Kingdom, Ughelli South local government area of Delta State, His Royal Majesty, Clement…

The Central Bank of Nigeria (CBN) has increased the capital base for commercial banks with international authorization to N500 billion and national banks to N200 billion. This sweeping financial reform, announced on…

The price of Indomie Instant Noodles, a Dufil Prima Foods Limited brand, has reduced because of low demand and sales from cash-strapped consumers in Nigeria. BusinessDay survey of some stores across Lagos shows that the…

The Transmission Company of Nigeria, TCN, has recorded its second electricity system collapse in 2024. The incident scuttled the work of the electricity companies, DisCos, across the country. In a notice to its customers, the management…

President Bola Tinubu has appointed Dr Abdullahi Usman Bello as chairman of the Code of Conduct Bureau (CCB), pending the approval of the Senate. Bello’s appointment was contained in a statement by Special Adviser to the…

The daily forex turnover soared to $857 million on Thursday, March 28th, marking the highest level since the Central Bank implemented its new forex policies. This is also the largest turnover since 2021, according to…

“The decision of the defence headquarters to declare the murder suspects wanted is completely illegal. Let the federal government direct the defence headquarters to hand over the investigation of the suspects involved…

New mining licenses will be issued by the federal government solely to companies that propose a strategy for local mineral processing, as part of the new guidelines being established by the Ministry of Solid Minerals.…

The naira has continued to appreciate as the US dollar is currently selling at N1,280 on the parallel market, following the recent foreign exchange (FX) policy measures of the Central Bank of Nigeria (CBN). With…

Oando PLC, a prominent Nigerian energy company listed on both the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE), has been suspended from the JSE as of 27 March 2024. The suspension was…

The Federal Inland Revenue Service has said that the Federal Government is eyeing a Value Added Tax of N5 trillion in 2024 while also putting mechanisms in place to close identified tax gaps. It also said that the FG…

Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday following his conviction in one of the biggest financial fraud cases in history. US prosecutors were seeking a prison…