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The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Nigeria far from financial inclusion target

A report by the Central Bank of Nigeria and the Enhancing Financial Innovation & Access has said that Nigeria is far from achieving its financial inclusion target in 2020.
Dr. Dalia Grybauskaitė, FACTI co-chair and former president of Lithuania, said “Trust in the finance system is essential to tackle big issues like poverty, climate change and COVID-19. Instead we get dithering and delay bordering on complicity.

Governments need to tackle tax abuse, corruption in global finance – report

A High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel), said Governments must do more to tackle tax abuse and corruption in global finance.

Oil palm growers commend President Buhari, central bank for empowering small holder farmers

The Oil Palm Growers Association of Nigeria (OPGAN) has commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for empowering smallholder farmers under the Anchor Borrower Programme (ABP).
Electricity pylons are seen along the cooling tower of the defunct Orlando Power Station in Soweto, South Africa, June 28, 2018. REUTERS-Siphiwe Sibeko

Ex-President Jonathan’s administration created problem in power sector – minister

The Federal Government has said that the administration of former President Goodluck Jonathan created the problem in the power sector by selling the power generating and distributing companies to incompetent investors.
Adebayo Adelabu

Bayo Adelabu: No governor should flaunt payment of salary as achievements

Oyo State governorship candidate of the All Progressives Congress (APC) in the 2019 elections, Chief Adebayo Adelabu, has said no governor should flaunt payment of salary of workers as achievements.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN reduces benchmark lending rate to 11.5 percent

The Central Bank of Nigeria on Tuesday reduced the Monetary Policy Rate from 12.5 per cent to 11.5 per cent after the two-day Monetary Policy Committee Meeting in Abuja.
The Kaduna State Governor, Nasir El-Rufai, on Friday, met with the dethroned Emir of Kano, Muhammadu Sanusi, in Awe, Nasarawa State. 1

Muhammadu Sanusi: Girl-child education, key to our national development

Former Central Bank Governor, Lamido Sanusi, has called for a vigorous education of the girl-child as a crucial solution to Nigeria’s socio-economic development.
China’s commercial banks saw a net forex settlement surplus of 553.1 billion yuan (about $78.6 billion) in the first half of this year, the country’s forex regulator said on Friday.

China’s central bank injects liquidity into market

China’s central bank on Thursday continued to pump cash into the banking system via reverse repos, to maintain liquidity.
President Muhammadu Buhari inaugurates APC tripartite committee at the State House on Monday, August 31, 2020.

President Buhari: Farming is the answer for ‘able-bodied’ young Nigerians

President Muhammadu Buhari has reiterated that his administration is very keen on reviving the agriculture sector in order to meet local food demand; and diversify an economy that has been too reliant on crude oil proceeds.
Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.

Uganda central bank sets up new window for lending to banks

Uganda’s central bank has introduced a new lending window for commercial banks that might encounter short-term liquidity challenges, it said on Tuesday, unveiling another tool to complement its main monetary policy instrument.
Nigeria Naira

Naira appreciates further at parallel market

The naira strengthened to N440 to a dollar at the parallel market on Tuesday, compared with the N465 to a dollar it was the previous day.
New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, file. REUTERS-Siphiwe Sibeko

South African rand dips before producer price data

South Africa’s rand was slightly weaker early on Thursday, ahead of the release of the producer price index (PPI) which will give more clues about inflation dynamics in Africa’s most industrialised economy.
Malian Air Force deputy chief of staff Ismael Wague, front row 2nd left, speaks during a press conference in Kati, Mali, Aug. 19, 2020.

Mali talks end with no decision on transitional government

Talks between West African mediators and Mali’s military coup leaders ended on Monday after three days of discussions without any decision on the make-up of a transitional government, a junta spokesman said.
The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.

West Africa’s BCEAO central bank reopens in Mali for first time since coup

The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.
CHIEF Executive Officer, Polaris Bank, Tokunbo Abiru, has charged the bank’s newly hired employees on the need to be professional in the discharge of their responsibilities as a key ingredient for a successful banking career.

Polaris Bank chief Tokunbo Abiru retires

The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the service of Polaris Bank, effective August 31, 2020, having successfully completed his second two-year tenure at the helm of the Bank.
South Sudan has run out of foreign exchange reserves as oil revenues have plummeted, and it cannot stop its currency from sliding, a central bank official said.

South Sudan runs out of foreign exchange reserves as pound falls

South Sudan has run out of foreign exchange reserves as oil revenues have plummeted, and it cannot stop its currency from sliding, a central bank official said.

Stock market volatility hits Norway’s sovereign wealth fund

Norway’s Central Bank on Tuesday said its pension fund lost 188 billion kroner ( 21 billion dollars equivalent) in the first half of 2020 amid stock market volatility during the coronavirus pandemic.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Edo guber: Governor Obaseki, Comrade Oshiomhole’s aides bicker over ‘attack on convoy’

Aides of Governor Godwin Obaseki and Comrade Adams Oshiomhole engaged in war of words yesterday as security operatives foiled an attack on Obaseki’s convoy in Etsako West Local Government Area of Edo State.

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Adamawa Governor Ahmadu Fintiri

Adamawa government imposes 24-hour curfew

Gov. Ahmadu Fintiri of Adamawa has imposed a 24-hour curfew throughout the state, citing a breakdown of law and order in Yola, the capital. Fintiri declared the curfew in a special broadcast on Sunday, warning that the government will not fold its hands and allow some few elements to destabilise the relative peace enjoyed in the state.
(FILES) In this file photo taken on April 17, 2018 a member of the Nigerian Military Police sits on an armoured vehicle during the African Land Forces Summit (ALFS) military demonstration held at General Ao Azazi barracks in Gwagwalada.At least 30 Nigerian soldiers died in combat with Boko Haram jihadists who overran a military base in the northeast near the border with Niger, two military sources told AFP on September 1, 2018. Scores of jihadists in trucks stormed the base at Zari village in northern Borno state late Thursday and briefly seized it after a fierce battle, they said./ AFP PHOTO / STEFAN HEUNIS

123 hoodlums arrested for looting in Jos

The Special Military Task Force, Operation Safe Haven, maintaining peace in Plateau State has arrested 123 suspects for vandalising and looting items from private businesses and government properties in Jos.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police, youths, vigilantes foiled an attempt to burn down police station

An attempt to burn down Iju Police station yesterday the 24th of October 2020 was foiled when the youths and Vigilance groups teamed up with the Nigeria Police and some members of Nigeria hunters association.
Some South-West governors and ministers, on Sunday, visited the Lagos State Governor, Babajide Sanwo-Olu, over the destruction of public and private facilities in the state.

South-West governors, ministers visit Governor Sanwo-Olu

Some South-West governors and ministers, on Sunday, visited the Lagos State Governor, Babajide Sanwo-Olu, over the destruction of public and private facilities in the state.
A witness yesterday gave an account of how Osun State House of Assembly Speaker Timothy Owoeye was duped of N38 million by fraudsters.

Osun Speaker condemns looting, assures investors of safety

Mr Timothy Owoeye, the Speaker of Osun House of Assembly, on Sunday condemned the widespread looting and vandalism of private and public property in the state by residents and hoodlums under the guise of EndSARS protest.