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Economy: Central bank alone cannot spend N1.3 trillion in 2020 – Reps member

A member of the House of Representatives Honourable Gudaji Kazure has faulted the N1.3 trillion budget of the Central Bank of Nigeria (CBN), for the 2020 fiscal year, describing it as outrageous and wasteful.
A man shows a wad of the new Zimbabwe two-dollar notes he received from a bank in Harare on November 12, 2019. (Photo by Jekesai NJIKIZANA - AFP)

Zimbabwe issues fresh banknotes to ease cash shortages

Cash-strapped Zimbabweans began using new banknotes and coins Tuesday, as the nation’s central bank seeks to ease chronic shortages.
The headquarters of Egypt's Central Bank are seen in downtown Cairo, Egypt January 11, 2018. REUTERS-Mohamed Abd El Ghany

Egypt’s central bank seen making third straight cut to key rates – survey

Egypt’s central bank will likely make a third consecutive cut to its key interest rates on Thursday, a Reuters poll showed, as inflation fell to its lowest in nearly 14 years in October.

House of Reps probe central bank’s $7 billion to banks from foreign reserve

The House of Representatives has begun investigation of the non-refund of $7bn withdrawn from Nigeria’s foreign reserves by the Central Bank of Nigeria in 2006 to pay banks and assets managers, which have since not been refunded.

Supreme Court fixes date to hear cross-appeal against central bank, Cecilia Ibru

The Supreme Court on Monday adjourned a cross appeal against the Central Bank of Nigeria seeking to compel it to disclose information under the Freedom of Information Act.

Crude oil prices see some profit taking as US, European data approach

Crude oil prices slipped back a little in Asia on Monday, possibly with investors taking some cash off the table ahead of important US and European data.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Central bank governor to appear before Senate committee today

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday (today).

Insights into China’s proposed digital currency

As China prepares to become the first country to launch a digitized domestic currency, market participants and experts say it is a testament to both financial innovation and Beijing’s desire to have fail-safe control over its cash economy.
Access Bank has unveiled a new brand logo to reflect its new status following the completion of its merge with Diamond Bank.

Access Bank lifts creative industry with N20 billion facility

Access Bank Plc has announced the disbursement of N20 billion loans to beneficiaries in the entertainment industry under the Creative Industry Financing Initiative (CIFI) of the Central Bank of Nigeria. The fund, which represents the first tranche of the loans, was made accessible to the borrowers in the sector.

Bayelsa/Kogi guber: Sensitive materials to arrive at central bank two days earlier – INEC

Sensitive materials for the November 16 governorship elections in Bayelsa and Kogi States would arrive at the Central Bank of Nigeria two days earlier, the Independent National Electoral Commission has said.
Vice President Yemi Osinbajo has tasked young Nigerian graduates to imbibe the spirit of integrity wherever they find themselves in life.

VP Osinbajo: Integrity is your most valuable collateral

Vice President Yemi Osinbajo has tasked young Nigerian graduates to imbibe the spirit of integrity wherever they find themselves in life.
Against the backdrop of an increasing pressure on statutory pension funds, Germany’s central bank (Bundesbank), on Monday recommended to link the retirement age of employees in Germany to the increasing life expectancy.

German central bank wants linkage of retirement age to life expectancy

Against the backdrop of an increasing pressure on statutory pension funds, Germany’s central bank (Bundesbank), on Monday recommended to link the retirement age of employees in Germany to the increasing life expectancy.

Stress test: Nigerian banking sector remain strong – central bank governor

The Governor of Central Bank of Nigeria, Mr Godwin Emefiele on Sunday said that the Nigerian banking sector is strong in spite of the fact that some banks failed its stress test.

Central bank opposes MTN’s planned charges

The Central Bank of Nigeria (CBN) has opposed plans by MTN to charge their subscribers for Unstructured Supplementary Service Data (USSD) access to banking services from Oct. 21.

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).

Report: Sub-Saharan Africa’s economic outlook uncertain as global growth teeters

Sub-Saharan Africa’s economy will accelerate going into next year but could be derailed as the world moves onto an uncertain path that could bring an end to the recent synchronized uptrend, a Reuters poll showed yesterday.
A statue of Alfred Nobel at the Karolinska Institute in Stockholm. The Nobel Memorial economics prizewinner will be announced on Monday. Jonathan Nackstrand-AFP-Getty Images

Nobel season wraps up, Economics prize to be announced today

This year’s Nobel season has only honoured one woman — Polish writer Olga Tokarczuk in Literature — with just one prize left to be announced on Monday: the Economics Prize, which has only once gone to a woman in its 50 years of existence.

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.

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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.
Nigeria winger Victor Moses scored and also bagged an assist as Fenerbahce thrashed Gazisehir Gaziantep 5-0 in their Turkish Super Lig clash at the Sukru Saracoglu Stadium on Monday evening.

Victor Moses may return to Chelsea in January as Fenerbahce plot contract termination

Nigeria winger Victor Moses could return to Chelsea in January transfer window as Fenerbahce seem keen to end his disappointing loan spell.

Nigeria, IOM launch border management information system at largest airport to date

Nigeria, like many countries, recognizes the economic, social and political benefits of international mobility.