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CBN Governor

Godwin Emefiele: FMDQ participation in Naira-settled OTC FX futures stem currency devaluation

The Central Bank of Nigeria said that the active participation of FMDQ OTC Securities Exchange in Naira-settled over-the-counter foreign exchange futures helped in stemming naira devaluation.
Acting Finance Minister of Finance Zainab Ahmed

Ministers: Federal government can’t fund budget 2018 unless assets are sold

Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.
MUHAMMADU BUHARI 2

Muhammadu Buhari ties balance of Paris Club refund to payment of salaries

President Muhammadu Buhari has finally resisted pressure from cash strapped state governors, who have been agitating for the release of balance of Paris Club refund, and insisted that the payment would only be made to states that are not owing workers salaries.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

$10.1 billion infractions: Central bank asks court to dismiss MTN suit

The Central Bank of Nigeria (CBN) has asked a Lagos High Court to dismiss a suit brought before it by MTN Nigeria, seeking to stop the bank’s directive to it (MTN) to return to the coffers of the apex bank, $8.1billion alleged to have been improperly repatriated by the telecom firm and unpaid taxes of $2.0 billion levied against it.
Udoma Udo Udoma, minister of budget and national planning

Udoma Udoma: Nigeria’s economy excites global investors

Key foreign investors, who met at various meetings with the Nigerian government delegation to the United Nation’s General Assembly in New York during the week, have expressed interest in scaling up investment in Nigeria.

CBN: Nigeria’s exit from recession under threat

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat.

Polaris Bank takes over as CBN revokes Skye Bank’s licence

The Central Bank of Nigeria (CBN) yesterday revoked the operating licence of Skye Bank Plc exactly 27 months after its intervened in the ailing bank.

CIBN commences SME finance certification 2019

The Chartered Institute of Bankers of Nigeria (CIBN) has concluded plans to commence a certification programme on SME financing starting from April 2019.
Vice President Yemi Osinbajo

Central bank buys up 12.4 billion federal government shares in minting company

The Central Bank of Nigeria (CBN) and the Bureau of Public Enterprises(BPE) have signed an agreement for the sale of the Federal Government’s 12.4 billion shares in Nigerian Security Printing and Minting company (NSPM) to CBN.

400,000 farmers supported, 1.2 million indirect jobs created under CBN ABP

About 400, 000 farmers have so far been supported financially and technically to grow 12 crops under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN).

How central bank supported 400,000 farmers, 1.2 million indirect jobs with Anchor Borrower

Four hundred thousand farmers have so far been supported financially and technically to grow 12 crops under the Anchor Borrowers Programme (ABP) of the Central Bank of Nigeria (CBN).

NEXIM approves N25b loan for Nigerian non-oil exporters

The Nigerian Export-Import Bank (NEXIM) has approved the disbursement of loans totaling about N25billion in support of various projects in the non-oil export sector.

Governor Okorocha: President Buhari has shown enough love for Igbo

Imo State Governor Rochas Okorocha has said that the “Igbo love President Buhari. What he is doing in Igboland has touched the Igbos. Let him know we love him and that in 2015, Igbo people played bad Politics, because the Igbos never believed in Buhari but in 2019 Igbo will vote massively for Mr. President.

Kemi Adeosun: Deadlocked FAAC meeting may affect salaries

Minister of Finance, Kemi Adeosun, has explained that if the issues that led to the Federation Accounts and Allocation Committee (FAAC) meeting with governors that ended in a deadlocked is not resolved, salaries might be affected in the states.

House of Reps: NERC, DisCos operated by failures, fraudsters

The House of Representatives ad hoc committee investigating the excessive electricity billings on Wednesday blasted the electricity Distribution Companies, DisCos, and the Nigerian Electricity Regulatory Commission, NERC, over their unlawful practices in billing customers excessively even without power supply, dismissing them as failures and fraudsters.

Court: Information on President Buhari’s London treatment can’t be released without his consent

The Federal High Court in Abuja ruled on Tuesday that information about the amount of taxpayer fund suspected to have been expended on President Muhammadu Buhari’s treatment in London last year, could not be released under the Freedom of Information Act without the President’s consent.

N5.8bn fraud: Central bank absolves NEMA of wrong doing

The Central Bank of Nigeria (CBN) on Thursday told federal lawmakers in the House of Representatives that its 2016 food grain mop up scheme was initiated by the Federal Government to save the country from a looming danger arising from threats posed by export of the nation’s food grains by foreign companies.

Central bank retains monetary policy rate at 14 per cent

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday left the Monetary Policy Rate unchanged at 14 per cent.

Recent Stories

Undergraduate strangles newborn to death in Enugu

A 21-year-old female student of one of the tertiary institutions in Enugu State has allegedly strangled her baby, shortly after delivery.

Four INEC workers, two others die in Kogi road accident

Four staff members of Independent National Electoral Commission (INEC), an NYSC member and a three-year-old girl died in an accident on Ajaokuta–Lokoja Road on Saturday, an official has confirmed.
Amina Titi Atiku-Abubakar

Amina Titi Abubakar: I married Atiku because of his integrity

Hajiya Amina Titi Abubakar, wife of the Peoples Democratic Party (PDP) Presidential Aspirant, Atiku Abubakar, said she married her husband because of his honesty, sincerity and integrity.

Rotary donates borehole to Sokoto community

Rotary Club International has donated a solar powered Borehole to a community, Manna Baba in Sokoto south Local Government area of the state.
Muhammadu Buhari

Adams Oshiomhole, APC governors in Aso Rock as Muhammadu Buhari’s reelection campaign kicks off

Adams Oshiomhole, national chairman of the All Progressives Congress (APC) and over 10 governors of the ruling party are currently at the presidential villa in Abuja where President Muhammadu Buhari is expected to showcase his achievements and unveil his plans if reelected.