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NECA raises concerns over central bank’s directive to banks on lending

The Nigeria Employers’ Consultative Association (NECA), has raised concerns over the Central Bank of Nigeria’s (CBN) directive to banks on lending, saying it could pose a risk to financial stability.

Nigeria plans to implement N500 billion facility for non-oil sector

The Central Bank of Nigeria, CBN, has said the Apex bank plans to implement N500 billion facility aimed at supporting the growth of non-oil exports, which would help to improve non-oil export earnings.

Lawyer asks court to nullify central bank chief’s re-appointment

A whistle blower, George Uboh, has challenged the plan by the federal government to extend the appointment of the Governor of the Central Bank of Nigeria (CBN), Godwin Emiefele

The wrong way to defend the naira

The Central Bank of Nigeria has injected over $10.97bn, into the Forex Market between January and October this year, to defend the Nation’s currency, the Naira, against other major currencies, including the dollar.” (See Punch Newspaper report of November 18th 2018 titled “CBN Defended Naira with $11bn in 10 months”).

Central bank injects fresh $210 million into forex market

The Central Bank of Nigeria CBN on Tuesday released a total of $210m to Authorized dealers in the wholesale segment of the inter-bank foreign exchange market to meet the requests of their customers.

Central bank confirms 34 primary mortgage banks

The CBN said from its records as of the end of September, 17 of the PMBs were in Lagos; eight in Abuja; two in Akwa Ibom State; while Oyo, Delta, Ogun, Kebbi, Jigawa, Abia and Osun have one each.

Forex: Central bank maintains market liquidity with $195m

The Central Bank of Nigeria on Monday continued to maintain liquidity in the Foreign Exchange market by injecting $195 million in the Nigerian inter-bank foreign exchange market.

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All Progressives Congress (APC) Nigeria

APC national leadership fix NEC meeting Friday

The All Progressives Congress (APC) National Chairman, Comrade Adams Oshiomhole, and his National Working Committee (NWC) have finally bowed to pressure by fixing the National Executive Committee (NEC) meeting for Friday, November 22.

Police recruitment: Court to deliver judgment in PSC suit on December 4

The Federal High Court Abuja will on December 4, deliver judgment in the suit filed by the Police Service Commission against the Nigeria Police Force over the recruitment of 10,000 constables.
Jose Mourinho has been appointed the new Tottenham manager. REUTERS

José Mourinho was not Tottenham’s first choice to replace Mauricio Pochettino

That’s according to a story in the Daily Mail on Wednesday which claims that Spurs chairman Daniel Levy actually wanted Brendan Rodgers to work his magic in north London.

Border closure: Inflation will be moderate in three months – central bank chief

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that the rise in inflation is temporary and will go down aggressively in another three to four months.
President @MBuhari receives former President, H.E. @GEJonathan this afternoon in his office at the State House, Abuja 1

President Buhari hails Goodluck Jonathan at 62

President Muhammadu Buhari has praised former President Goodluck Jonathan’s humility and patriotism, saying that the qualities will continue to resonate.