In a historic moment for Senegal, opposition candidate Bassirou Diomaye Faye, once imprisoned for his political beliefs, was inaugurated as the nation’s youngest president at the age of 44. Faye’s ascension to power symbolises a new chapter for the West African nation, marked by promises of stability and economic advancement. Following a landslide victory in Read More…
Tag: stability
CBN assures Nigerian bank customers amid takeover rumours
The Central Bank of Nigeria (CBN) has reaffirmed the safety of funds held in Nigerian banks, quelling concerns among depositors and customers. Mrs. Hakama Sidi-Ali, the Acting Director of the CBN’s Corporate Communications Department, addressed apprehensions following reports hinting at potential takeovers of certain financial institutions under CBN supervision. Sidi-Ali clarified that the assurance stemmed Read More…
CBN set for tightened policy and economic expansion, says Cardoso
Olayemi Cardoso, the newly appointed governor of Nigeria’s central bank, announced plans to implement tighter monetary policies in the next two quarters to manage inflation while urging banks to bolster their capital to support economic growth. Addressing immediate challenges such as curbing excess liquidity and combating inflation, Cardoso emphasised a shift from direct fiscal interventions Read More…
UN Humanitarian Coordinator urges sustained support for humanitarian crisis in Nigeria
United Nations Resident and Humanitarian Coordinator in Nigeria, Matthias Schmale, emphasised the imperative need for continuous backing to address the escalating humanitarian crisis in northeast Nigeria. Speaking at a news conference in New York, Schmale stressed, “We are part of the global trend in Nigeria of increasing humanitarian needs, with funding not holding up to Read More…
France defends Chad military takeover as needed to ensure stability
France’s foreign minister on Thursday defended a military takeover in Chad despite objections from the opposition there, saying it was necessary for security amid “exceptional circumstances”. The son of Chad’s slain leader Idriss Deby took over as president and armed forces commander on Wednesday and dissolved the government and parliament as rebel forces threatened to Read More…