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Godwin Emefiele

President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
President of the Senate, Ahmad Lawan, disclosed on Tuesday that the Senate may next week consider the report of an Ad-Hoc Committee on security challenges with a view to finding solutions to Nigeria’s security problems.

Senate committee threatens to issue arrest warrant for central bank governor

The Senate Committee on Public Accounts might consider demanding an arrest warrant for the Governor of the Central Bank of Nigeria, Godwin Emefiele, over his refusal to honour invitations extended to him by the legislature.
Nigeria Naira

Naira: It’s currency adjustment, not devaluation – central bank

The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.

Nigeria central bank, bankers committee to support pharmaceutical firms

As the country continues to record new cases of corona virus, the Central Bank of Nigeria (CBN) and the Bankers’ Committee rose from an extra-ordinary meeting held in Lagos on Saturday, March 21, 2020, with the pledge to grant funding facilities (in Naira and foreign exchange) to pharmaceutical companies in the country to enable them procure raw materials and equipment to boost local drug production in Nigeria.
Governors of 36 states of the federation and Heads of Federal Government agencies have agreed to work together to tackle the novel Coronavirus pandemic ravaging the world. 1

Nigeria, governors agree to tackle coronavirus

Governors of 36 states of the federation and Heads of Federal Government agencies have agreed to work together to tackle the novel Coronavirus pandemic ravaging the world.

Coronavirus: Nigeria’s central bank introduces measures to check effect of virus on economy

The Central Bank of Nigeria has extended the moratorium on all its intervention funds.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

Coronavirus: Deeper trouble awaits Nigeria if… – Senator Lawan

President of the Senate, Senator Ahmad Lawan, warned Tuesday that following the impact of the ravaging Coronavirus on the economy, Nigeria will be in deeper trouble if as a country, we are not ingenious enough.

Coronavirus: Mixed reactions trail central bank’s policy measures

Mixed reactions have trailed policy measures announced by the Central Bank of Nigeria (CBN) to tackle the effect of COVID-19 on the nation’s economy.

Nigeria’s central bank to create fund to fight coronavirus

Nigeria’s central bank will create a 50 billion naira ($163 million) fund to combat the impact of the coronavirus pandemic on Africa’s biggest economy and allow banks to give their customers more time to repay loans, its governor said on Monday.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote advocates made in Nigeria products

Foremost industrialist, Aliko Dangote, has identified Nigeria’s large domestic market as an incentive to import substitution and diversification of the domestic economy.
President Muhammadu Buhari and the Governor of Nasarawa State, Mr Abdullahi Sule, are meeting right now.

President Buhari receives report on impacts of coronavirus

President Muhammadu Buhari has directed the Presidential committee on the impacts of Covid-19 on Nigeria’s economy to ensure that investments and the business of government continue to run without hitches.
Demand for products like hand sanitisers, face masks, and cleaning wipes have spiked since Friday when Africa’s most populous nation confirmed its first case of coronavirus.

Official: Nigeria considers forex restriction for importation of hand sanitisers

Hand sanitizers and other anti-viral protective and hygiene products may soon be included in the list of items the Central Bank of Nigeria (CBN) has banned from accessing foreign exchange for their importation.
President Muhammadu Buhari on Monday signed the finance bill into law.

Nigeria sets up committee to assess coronavirus impact on 2020 budget

President Muhammadu Buhari has set up a committee to assess the impact of the raging coronavirus on Nigeria’s 2020 budget.
Dr. Kingsley Isitua Obiora has formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Joseph Nnanna, who exited from the Bank on February 2, 2020.

Kingsley Obiora assumes duty as new central bank deputy chief

Dr. Kingsley Isitua Obiora has formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN), replacing Dr. Okwu Joseph Nnanna, who exited from the Bank on February 2, 2020.

CBN: No hiding place for bad debtors

The Central Bank of Nigeria (CBN) vowed on Saturday that there will be no hiding place for bad debtors in the country.g

Era of borrowing from banks, not repaying gone – CBN chief

The era of entrepreneurs borrowing from banks and not paying back is gone, Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele said on Saturday.

Nigeria to seize private jets belonging to loan defaulters

Emefiele, who spoke on Saturday during a visit to the Dangote refinery and fertiliser project site in Lagos, said the chunk of the loans in the Asset Management Corporation of Nigeria was being owed by Nigerians.

$53 million debt: Court urges central bank chief, others to explore out of court...

The Federal High Court, Abuja on Wednesday admonished the Central Bank Governor (CBN), Godwin Emefiele, on possible out of court settlement in a suit brought against him over $53 million unpaid legal fees.

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PDP Vice Presidential Candidate, Mr. Peter Obi before the opening statements of the Chairman 2019 Presidential Election Appeal Panel, Justice Zainab Adamu Bulkachawa during the opening of the hearing for the petition against the re-election of President Muhammadu Buhari at the Court of Appeal, Abuja. Photo by Abayomi Adeshida

Akure explosion: Peter Obi sympathises with Ondo government, people

The former Vice-Presidential Candidate of the Peoples Democratic Party (PDP), Peter Obi, has expressed shock over the explosions that rocked Akure, the capital city of Ondo State, Saturday, March 28, 2020.

FRSC establishes situation room to monitor coronavirus

The Federal Road Safety Corps has established a situation room in its Operations Department to receive reports from field commands on the dreaded Coronavirus Disease.
An explosion has occurred along Akure-Owo expressway, a few kilometres from the Akure metropolis.

Police reveal source of Ondo explosion

A truck loaded with dynamite exploded on the Akure-Owo Expressway on Saturday, destroying a school, a church and some houses.
Transport firm, Peace Mass Transit, has announced that it will be shutting down operation in Enugu and Ebonyi states from Sunday.

Peace Mass Transit announces shutdown

Transport firm, Peace Mass Transit, has announced that it will be shutting down operation in Enugu and Ebonyi states from Sunday.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Three policewomen detained for allegedly assisting rapist escape

A suspected rapist, simply identified as Kelechi, has escaped from police detention at Ajiwe Police Station, Lagos State.