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Godwin Emefiele

Nigeria cautions ECOWAS against currency integration

President Muhammadu Buhari has cautioned member countries of the Economic Community of West African States (ECOWAS) against forcing through the planned currency integration in the sub-region by 2020.

RMAFC, central bank oppose creation of assets management agency

The Central Bank of Nigeria, CBN, and the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, on Tuesday expressed opposition to the planned creation of a new agency to manage assets seized from corruption and other criminal cases.

Central bank wants shell banks abolished in Nigeria

The Central Bank of Nigeria (CBN) has called for the abolition of shell banks in the country, saying they serve as institutions for money laundering.

Forex: Central bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria has again intervened in the Retail Secondary Market Intervention Sales to the tune of $325.64 million.

Britain to add Naira to list of accepted trade currencies

Britain’s Export Finance Agency will add the Naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency.

Federal govt petitioned over irregularities in 9mobile sale process

The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged “irregularities”.

Senate to amend banks law over arbitrary charges

The Senate on Tuesday took a decision to harmonise and amend laws, rules and guidelines that do not adequately protect bank customers and give them substantial remedy when overcharged by lenders.

Nigeria’s external reserves hit $40.3 billion

Investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year.

Godwin Emefiele: Cryptocurrency investors are gamblers

Central Bank of Nigeria (CBN) yesterday said that it would render support to Nigerians investing in cryptocurrency, describing such investment has gambling.

Economist appeals to Senate to confirm MPC members for stability

Prof. Sheriffdeen Tella, an economist, has appealed to the National Assembly to ensure quick confirmation of members of the Monetary Policy Committee (MPC) nominated by President Muhammadu Buhari in October 2017.

CBN chief Godwin Emefiele allays fears over MPC meeting, says economy is strong

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has allayed the fears of Nigerians and the international community over the inability to hold the meeting of the Monetary Policy Committee for January.

Central bank retains monetary policy rates

The Central Bank of Nigeria (CBN) says it will retain all monetary policy rates after its monetary policy committee could not hold its first meeting in 2018.

VP Yemi Osinbajo inaugurates national sanctions c’ttee

Vice President Yemi Osinbajo yesterday in the State House, Abuja inaugurated National Sanctions’ Committee with the mandate to trace and freeze financial flows of terrorist funds.

MPC to retain interest rate at 14 percent – Godwin Emefiele

The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has said he expects Monetary Policy Committee, MPC, to retain interest rate at 14 per cent at next week’s MPC meeting.

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UNICEF chief resigns amid claims of inappropriate behaviour

Justin Forsyth, the deputy executive director of the UN Children’s Fund, has resigned over allegations of inappropriate behaviour.

Attahiru Jega: Politicians greatest threat to Nigeria’s democracy

A former Chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, on Thursday said politicians were the greatest threat to Nigeria’s democracy.

APC governors meet President Buhari at Aso Villa

The Chairman of the APC Governors’ Forum, Gov. Rochas Okorocha of Imo, told newsmen after a closed door meeting with President Buhari in Daura, Katsina State, that their mission was merely to condole with the President over the loss of two members of his extended family.

Federal govt launches national standard for drinking water quality

The Federal Government on Thursday launched the Nigerian Standard for Drinking Water Quality to promote the availability of safe drinking water for all Nigerians.

Lassa fever claims one life in Abuja

The Federal Capital Territory Administration on Thursday confirmed the death of one person in the two cases of Lassa fever recorded in the territory.

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Nigerian Army embarks on water project in Sambisa Forest

The Nigerian Army on Friday said it had drilled a bore hole in Sambisa Forest to enhance water supply to troops and communities in the area as part of efforts to make the forest habitable.

House of Reps approves N364 billion NDDC budget

The House of Representatives, yesterday, considered and approved the budget of the Niger Delta Development Commission, NDDC.

Governor Ganduje rejects Kano accountant-general’s resignation

Kano State Accountant General, Hajiya Aisha Bello, on Thursday in Kano tendered her letter of resignation to Governor Abdullahi Umar Ganduje.

NAPTIP urges Oba of Benin to stop juju priests from administering oaths on victims

The National Agency for the Prohibition of Trafficking in Persons has appealed to the Oba of Benin, Ewuare II, to prevail on Juju priests in the kingdom to stop administrating oaths on victims of human trafficking.

Senate wades into SSANU, NASU, NAAT strike

The Senate on Wednesday waded into the ongoing strike of Senior Staff Association of Nigerian Universities, Non-Academic Staff Union of Universities and National Association of Academic Technologists.