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Godwin Emefiele: Central bank will sustain unconventional policies to boost economic growth

The Governor, Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday said that the apex bank will sustain its use of unconventional monetary policy to boost economic growth and enhance price stability.
Zainab Ahmed

States to get N649 billion Paris Club fund

State governments will soon smile to the banks as the federal government has concluded plans to commence the final phase of the Paris Club debt refunds.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar set for biggest weekly drop in three months

The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. Central Bank meeting next week.

CBN: We remain focused on forex stability

The Central Bank of Nigeria (CBN) on Monday assured Nigerians that it will continue to act in the best interest of the country.
Regina King

Golden Globe: Regina King determined to cast more women in films

Hollywood actress Regina King picked her first Golden Globes award at the 2019 ceremony and vowed to cast more women in future projects.

Golden Globes 2019: Black Panther, A Star Is Born, others make nomination list

Here are the nominees in key categories for the 76th Golden Globe Awards, which will be handed out today in Beverly Hills.

Central bank to sanction banks, companies that sabotage 41 items policy

The Central Bank of Nigeria (CBN) has threatened to sanction any bank, company or foreign exchange operator that engage in any act that undermines the policy of 41 items not allowed in the official foreign exchange (FX) window.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asia stocks struggle as global woes persist

Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.

Dollar gains for a second day as markets eye Fed minutes

The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day.
emmy statuette

‘Game of Thrones’ back at Emmys for duel with ‘Handmaid’s Tale’

Hollywood’s A-listers gather on Monday to honour the best in television at the Emmy Awards, with record-breaking fantasy epic “Game of Thrones” back in the competition and once again looking to slay its rivals.
Nigeria Stock Exchange

Stock market loses N320 billion on profit-taking, political uncertainties

With two weeks into the second half (H2) of the year, the Nigerian equities market has lost a total of N320 billion following weak demand by investors who are adopting cautious trading.

NNPC poised to remain globally competitive

The Nigerian National Petroleum Corporation (NNPC) has vowed to remain globally competitive to ensure value addition to the nation’s hydrocarbon resources for the benefit of Nigerians and other stakeholders.

CBN woos importers to trade Chinese yuan

Nigeria’s central bank is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves.

Shareholders approve Lafarge Africa N13.01 billion dividend payout

For increasing value on investment through dividend payout, shareholders of Lafarge Africa Plc, has commended the board for its 2017 performance, as they approve a total N13.01billion dividend.

Domestic investors sustain interest on Nigerian Stock Exchange

Domestic investors have continued to dominate trading on the equities market for three months in a row, as they traded N497.15 billion worth of shares for the first quarter, Q1, ended March 31, 2018.

Naira appreciates marginally against dollar at investors’ window

The Naira on Thursday appreciated marginally against the dollar at the investors’ window.

Forex: IMF seeks unified foreign exchange rate regime

The International Monetary Fund (IMF) has welcomed the stability recorded in Nigeria’s foreign exchange market, just as it urged the Central Bank of Nigeria (CBN) to continue to push for a unified exchange rate regime.

Central bank to deploy N60 billion intervention fund in vulnerable sector

Emefiele said this in a keynote address he delivered after he received The Guardian “Economic Personality of the Year 2017” award in Lagos yesterday.

Recent Stories

Olu Akerele: Naming national stadium after MKO Abiola shows President Buhari has good heart

A former aide of Chief MKO Abiola, Lisa Olu Akerele, has said that naming National stadium after the late winner of the June 12, 1993 Presidential election was an indication that President Muhammadu Buhari has good heart.
MUHAMMADU BUHARI

President Buhari: I declared June 12 democracy day to correct injustice meted-out on Nigeria

Contrary to speculations that President Muhammadu Buhari fell to pressures from leaders of the South-West geopolitical zone to recognize June 12 as national Democracy Day over political interest, the President on Wednesday said his decision was hinged on the need to correct alleged injustice meted out on the entire country by the military government.

DSS warns against undemocratic activities, confirms arrest of culprits

The Department of State Services said it has observed with concern the deliberate plots and attempts by some subversive and undemocratic elements to incite or pit one ethnic group against the other by stoking the embers of tribal sentiments to cause disaffection and violence across the country.

Don: Honouring MKO Abiola one of President Buhari’s boldest decisions

Prof. Akinyele Aluko of the Global Knowledge Group has described President Muhammadu Buhari’s renaming of Aura stadium after the late MKO Abiola as one of the President’s boldest moves thus far.

June 12: Ex-President Jonathan reduced MKO Abiola to ethnic champion – Tony Momoh

Prince Tony Momoh, a former Minister of Information on Wednesday said former President Goodluck Jonathan reduced the late MKO Abiola to an ethnic champion by renaming the University of Lagos (UNILAG) which is located in the South- West after him.