Decline – InfoStride News

CBN Records $276m Decline in IMTO Inflows

Temitope Nlewemchi — Sat, 28 Feb 2026 11:00:41 +0000

The Central Bank of Nigeria has reported a significant drop of $276 million in foreign exchange inflows from International Money Transfer Operators, reflecting ongoing pressures in Nigeria’s external sector despite recent reforms aimed at boosting foreign currency supply. According to the apex bank, IMTO inflows declined within the latest reporting period compared with the preceding [...]

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Equities Market Suffers N325bn Decline as Profit-Taking Weighs on Bulls

Temitope Nlewemchi — Sat, 28 Feb 2026 10:00:59 +0000

The Nigerian equities market on Monday witnessed a significant dip as profit-taking activities among investors dragged the overall performance of the Nigerian Exchange Limited (NGX). The bearish trend resulted in a loss of about N325 billion in market capitalization, signaling a pullback after weeks of sustained rallies that had pushed the stock market to new [...]

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Nigeria Risks Oil Production Decline Without Fresh Discoveries – NAPE

Temitope Nlewemchi — Mon, 10 Nov 2025 15:06:40 +0000

The Nigerian Association of Petroleum Explorationists (NAPE) has warned that the nation’s crude oil production could decline significantly in the coming years if urgent efforts are not made to discover new oil reserves and revamp exploration activities. The association cautioned that Nigeria’s failure to replace depleting reserves with fresh discoveries threatens its long-term energy security, [...]

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NBS Reports Fifth Consecutive Decline in Nigeria’s Inflation Rate

Temitope Nlewemchi — Mon, 15 Sep 2025 17:02:41 +0000

Nigeria’s inflation rate has recorded its fifth consecutive monthly decline, according to the latest data released by the National Bureau of Statistics (NBS). This development has been welcomed as a positive sign for Africa’s largest economy, which has been battling persistent price pressures over the past three years. The moderation in inflation is being seen [...]

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Buhari Is Weak – Eedris Abdulkareem

David Folami — Fri, 18 Jan 2019 18:15:42 +0000

Eedris Abdulkareem has described President Muhammad Buhari as weak mentally and physically. The controversial celebrity recently reacted to a town hall meeting Buhari participated in yesterday. Eedris Abdulkareem said, “Buhari is weak mentally and physically”. “Buhari denied that the disability bill has been transmitted to him. In October, after BUHARI declined assent to the Bill, [...]

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Arsenal Were In Decline When I Took Over – Unai Emery

David Folami — Fri, 23 Nov 2018 18:00:37 +0000

Unai Emery has told Marca that Arsenal were in decline when he took over, having lost their defensive structure under Arsene Wenger. Emery became coach in May after Wenger ended his 22-year reign, inheriting a team that finished sixth in the Premier League last season, and said his predecessor’s focus on attacking football had led [...]

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APC Is Afraid Of Electronic Voting – Fayose

David Folami — Wed, 12 Sep 2018 15:57:17 +0000

The Peoples Democratic Party (PDP) Governors’ Forum has condemned the refusal of President Muhammadu Buhari to sign the Electoral Act (Amendment) Bill. The forum made the condemnation in a communiqué signed by its Chairman and Governor of Ekiti State, Mr Ayodele Fayose, after the forum’s meeting in in Abuja on Monday. The governors said that [...]

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Dr Erastus Akingbola Asks Court To Decline Jurisdiction

David Folami — Mon, 24 Mar 2014 21:30:20 +0000

Dr Erastus Akingbola, the former Managing Director of the defunct Intercontinental Bank Plc, on Tuesday, asked an Ikeja High Court presiding over his alleged N47.1 billion theft case to wash-off its hands of the case. . In his preliminary objections filed before Justice Lateef Lawal-Akapo, Akingbola was arguing that the court lacks jurisdiction to entertain [...]

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Court Declines To Re-Instate Lamido Sanusi

David Folami — Wed, 26 Feb 2014 21:07:51 +0000

Suspended Governor of the Central Bank of Nigeria, Mallam Sanusi Lamido Sanusi’s bid to return to office suffered a setback,Wednesday as the Abuja Division of the Federal High Court, dismissed an ex parte motion that sought for his immediate reinstatement. . In a ruling, Wednesday, Justice Gabriel Kolawole, said it would not be in the [...]

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