Home Topics Foreign Reserve

Foreign Reserve

Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps seeks information on foreign reserves

What is the status of Nigeria’s Foreign Reserves Accounts? The House of Representatives on Wednesday demanded explanation from the Presidency through its Committee on Public Accounts.
President Muhammadu Buhari has felicitated with all the 2019 Nigerian pilgrims over the successful completion of their Hajj rites and the Eid-el-Kabeer celebration.

President Buhari: Why I directed central bank to stop forex for food import

President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security.
President Muhammadu Buhari has challenged wealthy individuals in the country to develop more confidence in the nation’s economy by massively investing in Nigeria’s critical sectors in order to boost job and wealth creation.3

President Buhari challenges wealthy Nigerians on investment

President Muhammadu Buhari has challenged wealthy individuals in the country to develop more confidence in the nation’s economy by massively investing in Nigeria’s critical sectors in order to boost job and wealth creation.
Muhammadu Buhari

President Buhari: We’ve succeeded in tackling security, economy

President Muhammadu Buhari was received in Kaduna on Friday by a massive crowd of party supporters, who thronged the Ahmadu Bello Stadium (ABS) for the flag-off of the All Progressives Congress campaign in the state.
From left: National Coordinator, Coalition of Buhari and Osinbajo Movements (COBOM), Comrade Austin Gabriel; Chairman of the occasion, Haruna Dawop; Mrs Mary Enpeyong who represented Sen. Godswill Akpabio; and National Secretary of Buhari Patriotic Movement, Shoyemi Adeniyi, during the inauguration of the new executive members of the group, in Abuja

Election: Group reveals why President Buhari deserves to be re-elected

The Coalition of Buhari/Osinbajo Movement (COBOM) says President Muhammadu Buhari deserves re-election because his administration is doing more with less resources.
Muhammadu Buhari

CSO: Why Muhammadu Buhari remains most credible option for Nigeria

The New Initiative For Credible Leadership (NICreL) on Thursday adjudged President Muhammadu Buhari as the most credible option among other candidates contesting for the presidential seat in the 2019 general elections.

Godwin Emefiele: Why we’re not building foreign reserve buffers

Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has said maintaining stable exchange rate to avoid depreciation of the naira is better than building foreign reserve buffers.

Ifeanyi Emefiele: Stable exchange rate best choice for Nigeria

The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to avoid depreciation of the Naira is better than building foreign reserve buffers.

Jimoh Ibrahim warns federal government to be ready for another global recession

Business mogul, Jimoh Ibrahim, has cautioned the Federal Government to put adequate measures in place to cushion the effects of world economic recession expected before December this year.

Democracy Day: Labour, others ask for more

Labour leaders and workers on Tuesday urged the Federal Government to put in more efforts to meet their expectations as the country marks 19 years of democracy.

Democracy Day: President Buhari’s address in full

The commemoration of this year’s Democracy Day is a celebration of freedom, a salute to the resilience and determination of Nigerians and a recommitment by Government to keep its promise to lead Nigeria into a new era of justice and prosperity.

Good economic policies grow foreign reserves to $45 billion

The increase in Nigeria’s foreign reserves to $45 billion is an indication that government is implementing good economic policies.

Ex-President Obasanjo’s letter a plus for President Buhari administration – APC chieftain

A chieftain of the All Progressives Congress (APC) in Ekiti State, Hon Bamidele Faparusi, has said the recent letter by former President Olusegun Obasanjo to President Muhammadu Buhari-led administration does not connote that his government has failed Nigerians.

Buhari: I’ll deliver on campaign promises

President Muhammadu Buhari has assured of his administration’s resolve to deliver on the three-pronged promises of securing the lives and properties of Nigerians, halting the pillage of the economy by corrupt public officials, and creating employment opportunities for the youths.

What has Buhari done?

The administration paid N600b inherited fuel subsidy bill. Paid N60b inherited fertilizer subsidy bill. Paid inherited salaries and pension arrears of Federal workers. Started paying contractors that have not been paid since 2013 on Federal projects especially road construction across the country.

Recent Stories

Harry Maguire has admitted that Manchester United were left disappointed with their result against Liverpool after the top-of-the-table clash largely failed to live up to the pre-match hype.

Manchester United ‘disappointed’ with 0-0 draw against Liverpool – skipper

Harry Maguire has admitted that Manchester United were left "disappointed" with their result against Liverpool after the top-of-the-table clash largely failed to live up to the pre-match hype.

NDDC: Ijaw youths put protest on hold

Aggrieved members of the Ijaw Youth Council(IYC) planning a protest tagged ‘Mother of All Protest’ against the appointment of Mr Effiong Akwa as the Sole Administrator of the Niger Delta Development Commission(NDDC) have decided to apply the brakes by putting the protest on hold.
“This will actually help in strengthening our relationship with Germany,” police spokesman, Frank Mba, said.

Police: Four officers killed in battle with bandits, one missing

Four (4) police officers were killed during an exchange of gunfire between the Police and bandits along the Birnin-Gwari- Funtua Highway on Friday, 15th January 2021, while an officer is still missing.
Lagos State Commissioner for Education, Mrs. Folasade Adefisayo has warned parents against allowing their wards to patronize private tutorial centres during the period of schools closure.

Lagos commissioner to monitor school resumption

“In a bid to monitor schools resumption and the COVID-19 protocol guidelines compliance, Honourable Commissioner for Education, Mrs Folasade Adefisayo will be visiting some schools around Agege Axis of the State as early as 7.30am tomorrow. Places like Surulere, Ikeja, Agege and Igando will be covered,” he said in a statement.
Lagos State University - LASU

Lagos university workers shelve strike over end-of-year bonus, minimum wage arrears

Teaching and non-teaching staff of the Lagos State University, LASU, Ojo, who had earlier threatened to embark on industrial action over the payment of the end-of-the-year bonus, minimum wage arrears among others, have now shelved their plan.