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Kenya’s central bank cut its benchmark lending rate again on Wednesday, to 7.0% from 7.25%, saying measures to tackle the impact of the coronavirus were having an effect but it needed to do more due to the adverse economic outlook.
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.
The Nigerian Stock Exchange (NSE) has expressed optimism that the current recovery at the stock market will be sustained. Its optimism is based on the improved macroeconomic conditions and favourable global economic outlook.
The CBN Deputy Governor, Corporate Services, Mr Edward Adamu made this known at the ongoing 28th Seminar for Finance Correspondents and Business Editors in Owerri on Tuesday.
Central Bank of Nigeria Governor, Godwin Emefiele, has said that ensuring price stability and growing the nation’s economy through unconventional policy is paying off.
The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, said on Friday Edo State can generate more than 200,000 jobs and millions of dollars in foreign exchange from cultivation and palm oil processing.
Fifty pioneer students of Edo University, Iyamho, will this Saturday graduate in the institution’s first convocation ceremony.
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).
The Emir of Kano, Malam Muhammadu Sanusi II, has commended President Muhammadu Buhari for constituting an Economic Advisory Council (EAC) comprising first-rate professionals and academics.
Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.
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
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.
Economic experts have lauded the Central Bank of Nigeria (CBN) on its plan to put forex restriction on imported dairy products to the country.
An economist, Dr Boniface Chizea, has urged commercial banks and the Central Bank of Nigeria (CBN) to work together to ensure the proposed re-capitalisation had positive impacts on their operations and economy at large.
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.
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Jigawa State has recorded another four new deaths of COVID-19 patients, bringing the total number of patients who lost their lives to the pandemic to seven.
The federal government has warned that any state government which withholds funds meant for their respective Houses of Assembly and judiciary would get their allocations deducted at source by the Accountant General of the Federation and remitted directly to the affected state organs.
Chairman of Academic Staff Union of Polytechnic, ASUP, Delta State Polytechnic, Ozoro Chapter, Mr America Akpituren, was weekend, killed in a ghastly motor accident.
The Nigeria Center for Disease Control (NCDC) while confirming the development in a tweet, said the total number of COVID-19 cases in the country now stands at 8068.
strong indications emerged, yesterday, that officials of the Federal and Lagos State governments are working out guidelines for re-opening of schools, which closure was precipitated by the outbreak of COVID-19 pandemic.
Authorities of the Nigerian Airforce on Friday said that following President Muhammadu Buhari’s directive on the launch of a major crackdown against bandits, kidnappers and other criminal elements in Katsina and other States in the North West of the Country, the NAF on 22 May 2020, injected Special Forces (SF) operatives and deployed additional platforms to Kastina State.
As the United States approached 100,000 coronavirus deaths, The New York Times on Sunday marked the grim milestone with a stark memorial on its front page – one-line obituaries for 1,000 victims.
The Peoples Democratic Party, PDP, has asked the Speaker of the Lagos State House of Assembly, Mudashiru Obasa, to immediately step aside and submit himself to the Economic and Financial Crimes Commission, EFCC, for investigation over allegations of financial impropriety, including the reported discovery of 64 accounts allegedly linked to his Bank Verification Number, BVN.
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.
Club Brugge forward Emmanuel Dennis says his goals against Real Madrid and Manchester United are the highlights of his 2019/20 campaign.