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The Central Bank of Nigeria (CBN) on Monday it will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to seize $9 billion in assets from the Federal Government.
The Central Bank of Nigeria (CBN), yesterday, disclosed that the $9 billion British Court Judgment in a Gas Sales Purchase Agreement (GSPA) deal involving Nigeria and Process and Industrial Development (P&ID) would have impact on monetary policy
Akwa Ibom state governor, Udom Emmanuel, has asked Federal Government support any venture that would strengthen the economy of Nigeria, thereby, strengthening its democracy.
Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.
The House of Representatives on Thursday summoned the Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kolo Kyari, Director-General, Department of the State Security Service (DSS), Yusuf Bichi, the Governor of the Central Bank of Nigeria, Godwin Emefiele, and the Comptroller-General, Nigeria Customs Service (NCS), Col Ali Hameed (rtd).
“Our focus remains ensuring forex savings, job creation and investments in the local production of milk. For the avoidance of doubt, milk importation is not banned. Indeed, the CBN has no such power. All we will do is to restrict sale of forex for the importation of milk from the Nigerian foreign exchange market.”
Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country.
Former Education Minister and Vice-President of the World Bank’s Africa division, Oby Ezekwesili, and other Nigerians expressed concerns about the addition of milk to planned to list of items banned from accessing the official foreign exchange market.
The Central Bank of Nigeria (CBN) on Tuesday confirmed that its planned policy to restrict allocation of foreign exchange (FOREX) for milk importation and other diary products into the country will soon become effective.
The Central Bank Governor, Mr Godwin Emefiele, who disclosed this while addressing newsmen after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday said the Federal Government would soon put restrictions on the importation of milk to the country.
Nigerians will recall that the 2019 presidential election was held on February 23, 2019 after the Independent National Electoral Commission postponed it within a few hours to its opening on February 16, 2019. The incumbent, President Muhammadu Buhari, was declared the winner within a couple of days after the election.
The police have arraigned a whistle-blower, George Uboh, for alleged defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele.
A former Governor of Zamfara State, Alhaji Abdulaziz Yari, has commended President Muhammadu Buhari for re-appointing Mr Godwin Emefiele as Governor of Central Bank of Nigeria (CBN).
Vice President Yemi Osinbajo says 11 fertiliser blending plants with a capacity of 2.1 million metric tonnes have been revived across the country.
The President of the Senate, Dr Ahmad Lawan, departed Abuja on Sunday, leading a presidential delegation to cheer Super Eagles in their match against Algeria in the ongoing Africa Cup of Nations (AFCON) in Egypt.
The Central Bank of Nigeria (CBN), the Service Chiefs and heads of paramilitary agencies are closing ranks to tackle smuggling and dumping of textiles in Nigeria, currently robbing the country of billions of naira in revenue.
President Muhammadu Buhari has directed that the production and personalisation of all Nigerian E-passports and related documentation shall be the sole responsibility of the Nigerian Security Printing & Minting Company (NSPMC).
South-east governors have issued a stern warning to Nnamdi Kanu, self-exiled leader of the outlawed Indigenous People of Biafra (IPOB), over his threats to attack them and other South-east leaders who travel abroad.
An Australian appeals court Wednesday upheld convictions against Cardinal George Pell, the most senior Catholic to be found guilty of sexually abusing children.
Team Nigeria’s search for first medal at the 12th African Games continues today as six Taekwondists and two boxers will be in action in Rabat.
There is no doubt that Olufunke Oshonaike and Segun Toriola are aiming for another record at the 2019 African Games in Morocco.
Kenya President Uhuru Kenyatta has warned officials leading the athletes to the 12th African Games in Rabat, Morocco not to tamper with athletes’ fund.
Levante have shipped off Moses Simon on a season-long loan to French ligue 1 side Nantes and according to the Super Eagles attacking midfielder, he was looking forward to the new challenge.
Delta State government is to set up community vigilantes to protect women going to farms from criminal herdsmen attack.g
Luis Suarez is out for an indefinite period after injuring his right calf in Barcelona's La Liga loss to Athletic Bilbao on Friday, the club have confirmed.
The senator representing Abia-South senatorial district, Enyinnaya Abaribe, has condemned the attack on the former deputy senate president, Dr Ike Ekweremadu, by members identified as the Indigenous People of Biafra, IPOB.
A housewife, Hurera Usman, on Thursday dragged her former husband before a Sharia Court II, sitting in Magajin Gari, Kaduna state, seeking N1.1 million as upkeep allowance for daughter for 18 years.