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CBN Governor

Central bank stabilises naira with $25.68 billion in eight months

The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January and August this year.
President Muhammadu Buhari has approved the appointment of Dr Sarah Omotunde Alade, as Special Adviser to the President on Finance and the Economy, domiciled in the Ministry of Finance, Budget and National Planning.

President Buhari appoints Sarah Alade as special adviser on finance, economy

President Muhammadu Buhari has approved the appointment of Dr Sarah Omotunde Alade, as Special Adviser to the President on Finance and the Economy, domiciled in the Ministry of Finance, Budget and National Planning.
national assembly abuja

Senate panel rejects central bank team at investigative hearing

The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.

Godwin Emefiele: Crude oil can never rise above $100 per barrel in our lifetime

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said that there was no better time to diversify the Nigerian economy than now because the era of crude oil boom was over and that the commodity can never rise above $100 a barrel anymore as Was the case few years ago.
R-L- President Muhammadu Buhari congratulatulating Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele on his reappointment as head of the apex bank, for a second tenure.

President Buhari meets central bank governor in Aso Rock

President Muhammadu Buhari on Monday met behind closed doors with the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.
Lagos lawyer and human rights activist, Femi Falana

No need for loans if we recover $103 billion oil sale loss – Femi...

Femi Falana, a senior advocate of Nigeria (SAN), has asked the national assembly to work with anti-graft agencies for the recovery of “$103.7 billion lost on oil sale”.

IMF faults forex restrictions on 43 items as hurting investments

The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).

Sule Lamido: Why ex-President Jonathan should speak with President Buhari over ex-NSA Dasuki

Former governor of Jigawa State, Sule Lamido, has urged former President Goodluck Jonathan to prevail on President Muhammadu Buhari to release former National Security Adviser Sambo Dasuki from detention.

Creative industry fund: Central bank, Lagos assess National Theatre

The Central Bank of Nigeria and Lagos State Government team on Saturday assessed the National Arts Theatre, Lagos ahead of new investment plan that includes building a Creative Industry Park at the Theatre.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Hameed Ali: Nigeria Customs revenue increased during border closure

The Comptroller General of the Nigeria Customs Service, Hameed Ali, has said that the agency’s revenue has increased during the closure of Nigeria’s borders.

Central bank clarifies cashless policy transaction charges

The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.

Processor hails forex restriction on starch, calls for ban on importation

Following the recent forex restriction on the importation of starch, ethanol, syrup and other raw materials from cassava by the Central Bank of Nigeria (CBN), a starch processor, Goke Adeyemi, has called on the government to completely ban starch importation in order to encourage local processors.

MPR retention: Experts predict increase in foreign investors’ participation

Financial experts on Monday expressed optimism that retention of the interest rate by the Monetary Policy Committee (MPC) would likely trigger foreign investors’ participation in emerging Nigerian markets.
Fulani herdsmen

Central bank to support nomadic herdsmen livestock production

The Central Bank of Nigeria (CBN) will support and integrate small holders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production.
Oby Ezekwesili

Oby Ezekwesili urges new economic council to tell President Buhari how he ‘mismanaged economy’

Oby Ezekwesili, a former presidential candidate, on Tuesday, urged the newly constituted Economic Advisory Council to make it a priority to tell President Muhammadu Buhari, how he has allegedly mismanaged the economy.

$9.6 billion judgment debts: Federal government links contract to ex-president’s administration

The Federal Government has linked the contract which led to a judgement debt of $9.6billion (N3.5trillion) to the administration of ex-President Goodluck Jonathan.

CBN: Why we are partnering Niger government on ranch

The Central Bank of Nigeria (CBN) says its partnership with the Niger state government for a ranch at the Bobi grazing reserve is to ensure local production of milk.

Recent Stories

Cup holders, the Olympic Eagles of Nigeria, were knocked out of the 2019 U-23 Africa Cup of Nations following a 0-0 draw with South Africa at the Al Salam Stadium, Cairo on Friday night.

Olympic Eagles draw with South Africa, out of U-23 AFCON, Tokyo Olympics

Cup holders, the Olympic Eagles of Nigeria, were knocked out of the 2019 U-23 Africa Cup of Nations following a 0-0 draw with South Africa at the Al Salam Stadium, Cairo on Friday night.
Bayern Munich are set to stick with temporary manager Hansi Flick, though it is unclear whether he will be given the role on a permanent basis.

Bayern confirm interim coach to stay on as manager

Bayern Munich are set to stick with temporary manager Hansi Flick, though it is unclear whether he will be given the role on a permanent basis.
prison

Councillor remanded in prison for allegedly stripping woman in public

A local lawmaker in Akwa Ibom state, has been remanded in prison for allegedly assaulting a woman and stripping her naked.
Kola Ologbondiyan

Kogi guber: PDP chides APC over ‘attack’ on Seyi Makinde, Musa Wada, others

The Peoples Democratic Party, PDP, has berated the All Progressives Congress, APC, for allegedly sending armed thugs to invade the venue of the meeting of its leaders, including Oyo State Governor Seyi Makinde and the PDP candidate, Engr. Musa Wada, in Lokoja ahead of today’s governorship election in Kogi state.
Lionel Messi scores on his return to the national team as Argentina beat Brazil 1-0 in an international friendly match at the King Saudi University Stadium on Friday night.

Lionel Messi scores on his return as Argentina beat Brazil

Lionel Messi scores on his return to the national team as Argentina beat Brazil 1-0 in an international friendly match at the King Saudi University Stadium on Friday night.