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Godwin Emefiele

IMF faults forex restrictions on 43 items as hurting investments

The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).

Sule Lamido: Why ex-President Jonathan should speak with President Buhari over ex-NSA Dasuki

Former governor of Jigawa State, Sule Lamido, has urged former President Goodluck Jonathan to prevail on President Muhammadu Buhari to release former National Security Adviser Sambo Dasuki from detention.

Creative industry fund: Central bank, Lagos assess National Theatre

The Central Bank of Nigeria and Lagos State Government team on Saturday assessed the National Arts Theatre, Lagos ahead of new investment plan that includes building a Creative Industry Park at the Theatre.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Hameed Ali: Nigeria Customs revenue increased during border closure

The Comptroller General of the Nigeria Customs Service, Hameed Ali, has said that the agency’s revenue has increased during the closure of Nigeria’s borders.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.

House of Reps deny summoning central bank governor over cashless policy

Chairman, House of Representatives Committee on Banking and Currency, Hon. Victor Nwokolo (PDP, Delta), has refuted media reports that his committee had summoned the Central Bank Governor, Godwin Emefiele, over the bank’s recent controversial directives on new bank charges.
The Minister of Information and Culture, Alhaji Lai Mohammed has assured the international community that President Muhammadu Buhari’s new administration will be more determined in the fight against corruption.

Nigeria hopeful of setting aside N9.6bn judgement debt – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, has expressed optimism that the entire arbitration decisions and judgment debt of N9.6 billion against Nigeria by a UK court over a botched gas contract would be set aside.

UK Judge: Nigeria must pay $200 million to stay execution of $9.6 billion judgment...

Reprieve came the way of Nigeria on Thursday as a UK Commercial Court granted a stay of execution of the $9.6 billion judgment debt made against the country over a botched gas contract.

Nigeria to shift battle over $9.6 billion judgment debt to UK appeal court

The battle between Nigeria and Process and Industrial Developments (P&ID) over the bid to stop the company from attaching the country’s assets to recoup the $9.6 billion arbitral claim it secured last month, is set to shift to the United Kingdom Appeal Court.

Central bank clarifies cashless policy transaction charges

The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits. The Central Bank of Nigeria says the transaction charges on deposit and withdrawal in furtherance of implementation of its cashless policy is on the amount in excess of the set limits.

Processor hails forex restriction on starch, calls for ban on importation

Following the recent forex restriction on the importation of starch, ethanol, syrup and other raw materials from cassava by the Central Bank of Nigeria (CBN), a starch processor, Goke Adeyemi, has called on the government to completely ban starch importation in order to encourage local processors.

MPR retention: Experts predict increase in foreign investors’ participation

Financial experts on Monday expressed optimism that retention of the interest rate by the Monetary Policy Committee (MPC) would likely trigger foreign investors’ participation in emerging Nigerian markets.
Abubakar Malami

P&ID scandal: Ministers, central bank, police chiefs leave for London

Justice Minister, Mr Abubakar Malami; the Inspector-General of Police, Mohammed Adamu, and the Governor of Central Bank of Nigeria, Godwin Emefiele, on Saturday led a delegation to the United Kingdom for the epic legal battle with a British firm, Process and Industrial Developments Ltd on Thursday.
The Nigerian Financial Intelligence Unit (NFIU) has disclaimed reports that it requested the bank account details of officers of the national assembly and the judiciary.

Wealthy Nigerians on edge over NFIU searchlight

Recalcitrant tax defaulters, high-end politicians, top civil servants, businessmen and other wealthy Nigerians with questionable sources of income are now in panic mode as the Nigerian Financial Intelligence Unit (NFIU) and other anti-graft agencies began beaming their searchlight on them in line with the Federal Government’s effort to retrieve state funds tallegedly siphoned in shady transactions.

Central bank apologises for cashless policy inconveniences

The Central Bank of Nigeria (CBN) has apologised to bank customers for the inconveniences the reintroduced cashless policy will cause.
Fulani herdsmen

Central bank to support nomadic herdsmen livestock production

The Central Bank of Nigeria (CBN) will support and integrate small holders, subsistent and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production.

Nigeria spends $1.2 billion to import fish annually – central bank chief

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says about 1.2 billion dollars worth of fish is imported into this country annually.
In line with the Central Bank of Nigeria (CBN) policy to discourage the importation of milk, four dairy products manufacturers have commenced the process for the local production of milk, an official has said.

Four Nigerian companies begin local production of milk

In line with the Central Bank of Nigeria (CBN) policy to discourage the importation of milk, four dairy products manufacturers have commenced the process for the local production of milk, an official has said.

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Only 30 million Nigerians registered for national identity card – minister

The Minister of Interior, Mr Rauf Aregbesola, has lamented that only 30 million Nigerians have so far registered for the National Identity Card.
U.S. senator, Kamala Harris, seized the Democratic presidential debate on Tuesday night to advance her proposal for the suspension of President Donald Trump’s Twitter account.

Why Donald Trump’s Twitter account should be suspended – US presidential aspirant

U.S. senator, Kamala Harris, seized the Democratic presidential debate on Tuesday night to advance her proposal for the suspension of President Donald Trump’s Twitter account.
Super Eagles goalkeeper Francis Uzoho has been ruled out of action for the next six months after suffering an injury during the Brazil versus Nigeria friendly which held in Singapore last Sunday.

Francis Uzoho set for long term injury lay-off

Francis Uzoho is set for a long period on the sidelines after sustaining an injury in Nigeria’s 1-1 stalemate against Brazil in Sunday’s international friendly.
The race for the 2018-2019 Nigeria Professional Football League (NPFL) title heightened on Monday at the Agege Stadium in Lagos after Match Day 4 action.

Isaac Danladi: November 3 NPFL kick-off date sacrosanct

The chairman of Club Owners Association, Barrister Isaac Danladi has described as sacrosanct the November 3 kick-off date for the 2019/2020 Nigeria Professional Football League as announced on Monday by the League Management Company.