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Godwin Emefiele

Central bank to defend reserves against UK $9 billion court ruling

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.

GSPA deal: $9 billion judgment’ll have impact on monetary policy – central bank

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
Udom Emmanuel

Nigeria’s democracy cannot stand on weak economy – Akwa Ibom governor

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 react to presidential directive on forex restriction

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.
EDITORS NOTE: Graphic content / A picture taken on April 8, 2019 shows shipping containers sitting at the Apapa Port Complex in Lagos, Nigeria's economy hub. - The Nigerian port is congested with hundreds of ships, idly queueing for days to offload containers with goods. Lagos port congestion is affecting port operations and creating a severe backlog at ports, causing carriers’ containers to be held in port for extra days, as well as creating several miles of truck traffic at roads that links to port gates. (Photo by PIUS UTOMI EKPEI / AFP)

Reps summon NNPC, DSS, Customs, CBN chiefs over ports

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).

Farmers call for review of anchor borrowers loans

Farmers in Borno are calling for a review of the Federal Government’s Anchor Borrowers’ agricultural loan programme to ensure that its goal to encourage domestic food production is fulfilled.

CBN: Why forex ban on milk was misconstrued

“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.”

Experts commend central bank’s policy on forex restriction for milk importation

Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country.
Oby Ezekwesili

Oby Ezekwesili kicks against central bank’s planned forex restriction for milk

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.

Central bank chief defends planned restriction of forex for milk importation

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.

Federal government to put restrictions on milk importation

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.

President Buhari and appointment of ministers

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.
George Uboh

Police arraign ‘whistle-blower’ who accused central bank chief of N232 billion fraud

The police have arraigned a whistle-blower, George Uboh, for alleged defamation against the Governor of the Central Bank of Nigeria, Godwin Emefiele.

Abubakar Yari lauds President Buhari for re-appointing Godwin Emefiele as central bank governor

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.

VP Osinbajo: Federal government revived 11 fertiliser blending plants

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 has described insinuations that he is a rubber stamp to the Executive as “sentimental and laughable”.

Afcon: Senator Lawan departs to Egypt, says Super Eagles need physical presence

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.

Central bank, service chiefs collaborate to enforce executive order

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 Buhari: All Nigerian e-passports must be produced locally

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).

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South-east governors dare Nnamdi Kanu over attack threats

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.
Cardinal George Pell is taken from the court in Melbourne, Australia, back to jail after his appeal against child sexual abuse convictions was dismissed. James Ross-AAP

Australian court upholds Catholic cardinal’s sex abuse verdict

An Australian appeals court Wednesday upheld convictions against Cardinal George Pell, the most senior Catholic to be found guilty of sexually abusing children.
A board member of the Athletics Federation of Nigeria (AFN), Brown Ebewele, says the country is risking its chances of winning the forthcoming African Games following the choice of athletes by the federation to represent the country.

African Games: Team Nigeria begins quest for medals in taekwondo, boxing

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.
“The coaches have selected quality players that will represent us with the likes of Segun Toriola, Aruna Quadri, Funke Oshinaike, Cecelia Edem and others who merited to be in the team,” he said.

African Games: Olufunke Oshonaike recalls maiden outing with Segun Toriola

There is no doubt that Olufunke Oshonaike and Segun Toriola are aiming for another record at the 2019 African Games in Morocco.
Uhuru Kenyatta

Kenya president warns officials not to tamper with athletes money

Kenya President Uhuru Kenyatta has warned officials leading the athletes to the 12th African Games in Rabat, Morocco not to tamper with athletes’ fund.