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Godwin Emefiele

Central bank urged to sustain monetary policy to further curb inflation

A Don, Dr Austine Nwaeze, has urged the apex bank to sustain its current monetary policy to curb the nation’s inflation rate.

Central bank predicts boost in credit with moveable collateral

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday stated that given that the inherent risks in granting loans to Micro Small and Medium Enterprises (MSMEs) by banks is now reduced tremendously through the introduction of the National Collateral Registry (NCR), small businesses will now be able not only to access credit but also access such at reasonable rates.
Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), says the agency will monitor campaign funds donated to political parties for the 2019 elections as well as donors’ identities.

Ibrahim Magu decries illicit financial flows, vote buying during elections

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has condemned the increasing wave of illicit financial flows and vote buying during elections in the country.

CBN’s Godwin Emefiele foresees tomato revolution in Nigeria

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has expressed optimism that another revolution, similar to what was recorded in the production of rice production, was about to occur in the tomato sub-sector.

Audu Ogbeh: Federal government to ban tomato paste importation before end of 2019

Audu Ogbeh, minister of agriculture and natural resources, says the federal government will place a final ban on the importation of tomato paste before the end of 2019.

CBN pledges to increase funding of anchor borrowers programme

The Central Bank of Nigeria (CBN) has pledged to increase the funding of the Anchor Borrowers Programme (ABP) due to the success of the programme in the North-east.

The self-destructive, unforced error of fuel subsidy

The above quote is probably synonymous with the popular definition of insanity as “the continuous repetition of the same process with the same wrong results, and still expect a positive difference at each turn.”

Central bank donates books to Nigerian Army

The Central Bank of Nigeria (CBN) has donated academic books to the Nigerian Army for distribution to its institutions across the country.
President Muhammadu Buhari on Thursday said he appointed heads of security agencies in his government purely on competence and merit.

President Buhari inaugurates CBN Centre of Excellence in UNN

President Muhammadu Buhari on Thursday in Enugu inaugurated an academic Centre of Excellence built by the Central Bank of Nigeria (CBN) at the University of Nigeria, Enugu Campus.

Pat Utomi: Likely monetary policy rates retention in future reasonable

An economist, Prof. Pat Utomi, has said the likely retention of the Monetary Policy Rates for a while at 14 per cent was reasonable due to non-availability of pressure on the economy.

Godwin Emefiele: Central bank to increase list of import restricted items

The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.

Godwin Emefiele: Atiku Abubakar’s monetary policy agenda disastrous

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has warned that the Peoples Democratic Party (PDP) presidential candidate’s suggestion that the exchange rate should be free float is a recipe for disaster.

Central bank retains monetary policy rate at 14 percent

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

Central bank may increase items on forex restriction list to 50

The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market.

Refinery: Federal government will source forex from Dangote – CBN chief

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.

Central bank to establish national micro-finance bank

A national micro-finance bank is to be established to promote access to credit finance for small, medium enterprises (SMEs) and other unbanked groups in the country, the Central Bank of Nigeria (CBN) said on Thursday.
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)

Naira ends 2018 stable with central bank, bureaux de change deal

The strategic partnership between the Central Bank of Nigeria (CBN) and Association of Bureaux De Change Operators of Nigeria (ABCON) on foreign exchange (forex) supplies and sustenance of market integrity helped the naira’s stability in 2018.

Group praises central bank policies under Godwin Emefiele

The Coalition of Civil Society Group (COCSG) has commended the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, for implementing policies that have helped stabilise the economy.

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Police officer, 8 others killed in Rivers

At least nine persons including a police officer, have been reportedly killed by gunmen at different locations in three local government areas of Rivers State.

Election postponement: APC manipulating INEC to rig polls – Senator Jang

Former Governor of Plateau State and Senator representing Plateau North, Dr Jonah David Jang, has accused the All Progressives Congress (APC) of manipulating the Independent National Electoral Commission (INEC) to enable them rig the rescheduled Presidential and National Assembly Elections.

Labour Party candidate receives postponement news with mix feeling

The Labour Party governorship candidate in Kwara state, Issa Aremu, has said the postponement of the general elections by the Independent National Electoral Commission (INEC), was accompanied with mixed feelings.
The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.

INEC rules out political influence in election postponement

The Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has ruled out political influence in the postponement of the Presidential and National Assembly elections earlier scheduled to hold on February 16 and March 2, 2019.
Adams Oshiomhole

Adams Oshiomhole: Nobody had clue elections won’t go on

The National Chairman of the All Progressives Congress, Adams Oshiomhole, has condemned the postponement of the general elections by the Independent National Electoral Commission.