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Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
The Economic Intelligent Department of the Central Bank of Nigeria (CBN) has started investigating the accounts of those who are involved in smuggling or dumping palm oil into Nigeria.
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
A concerted effort to end oil palm importation and locally grow the crop on a large-scale basis has kicked off, with the Central Bank of Nigeria (CBN) allocating an initial N30 billion for the project, which it said is already being disbursed to beneficiary farmers in identified states.
The Dein of Agbor in Delta State, Benjamin Ikechuku (Keagborekuzi I), has urged President Muhammadu Buhari and former President Olusegun Obasanjo to engage in dialogue over the state of the country.
Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.
Mr Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), says the bank, with some stakeholders, have identified smuggling and dumping as major challenges sabotaging the Nigerian economic policies.
President Muhammadu Buhari on Tuesday at the Presidential Villa, Abuja, received Vice President Yemi Osinbajo alongside service chiefs and an FCT delegation, who paid him the traditional Sallah homage.
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has disclosed that he will unfold a new roadmap for the Bank and the economy, in the days ahead, after series of consultations with critical stakeholder groups.
Following the confirmation of his re-appointment as Governor of the Central Bank of Nigeria (CBN) by the Senate, Mr. Godwin Emefiele, on Monday, formally assumed duty after subscribing to the relevant Oath of Office administered by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs. Alice Karau.
A former governorship candidate of the Labour Party in Kwara State, Comrade Issa Obalowu Aremu, has called on President Muhammadu Buhari to drop all the old cabinet members and get new hands to drive the economy with him.
The Nigeria Labour Congress has congratulated the Governor of the Central Bank of Nigeria, Dr. Godwin Emefiele, on his reappointment for another term of five years.
Central Bank of Nigeria (CBN) retirees have urged CBN governor Godwin Emefiele to implement a March 9, 2017 agreement on review of their pension and medical allowance.
Some financial experts have urged the Federal Government to pursue policies that would accelerate infrastructural rehabilitation and development as well as help tackle rising unemployment and population.
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said that Nigeria will continue to implement policies that will reduce the importation of goods that can be produced locally.
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.
The CBN governor, Dr Godwin Emefiele, has identified smuggling and dumping of goods as the greatest challenges hindering the success of Nigeria’s economic policies.
Super Eagles head coach Gernot Rohr expects a tough battle against the Swallows of Burundi in his side’s first Group B match at the 2019 Africa Cup of Nations in Egypt.
Former Deputy President of the Senate, Chief Ike Ekweremadu, has congratulated minority principal officers of the 9th Senate on their emergence.
Gov. Dapo Abiodun of Ogun on Saturday appointed Mr Olatokunbo Talabi as the Secretary to the State Government (SSG).
Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC) Rev. Tor Uja has charged all intending pilgrims to be good ambassadors of the nation through their conducts and behaviours.
The presidency has welcomed the report of the European Union (EU) on the 2019 general elections in Nigeria, promising to analyse it fully and act on the recommendations in the best interest of the country.
Taraba State Governor, Darius Ishaku, has sworn in a new chief judge of the State.
Dr Okezie Emenike, a Medical Doctor at a private hospital in Abuja, says adequate intake of water can help to stop the development of kidney stones.
Mr Babajide Sanwo-Olu, the Lagos State governor, has advised that young Nigerians should be educated on the significance of the June 12 anniversary.
The Arabic version of Al-Arabiya reported on Wednesday an aborted coup in Sudan designed to upstage the Transitional Military Council.
The Chief of Defence Staff, General Abayomi Olonisakin, has urged postgraduate researchers in the country to focus their researches on the security challenges facing Nigeria and the possible ways out.