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The Kenyan central bank’s Monetary Policy Committee will hold its next meeting on April 29, it said on Tuesday, changing it from the initial scheduled date of April 27.

Kenya’s central bank cuts benchmark lending rate again

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.

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.

NSE optimistic on bullish market as equities’ return rises to N1.35 trillion

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.

There has been significant reductions in Nigeria’s annual imports bill – central bank

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.

Godwin Emefiele: CBN’s unconventional growth policy paying off

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.

Godwin Emefiele: Edo can generate 200,000 jobs from palm oil

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.

Fifty students for Edo University Iyamho’s first convocation ceremony

Fifty pioneer students of Edo University, Iyamho, will this Saturday graduate in the institution’s first convocation ceremony.

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).
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

Senators: 2020 budget projections unrealistic

Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.

Expert: Retention of MPR at 13.5 percent in order

Mr Tope Fasua, an economic expert, said the retention of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) was in order.
Emir of Kano, Alhaji Muhammadu Sanusi II

Emir Sanusi lauds President Buhari’s economic advisory council

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.
The All Progressives Congress, APC, has challenged newly sworn in ministers to justify the confidence reposed in them by President Muhammadu Buhari and all Nigerians, by settling down to work quickly, hit the ground running and consolidate on the progress that have been made in the various sectors.

Capital market operators task new ministers on recession

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.

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

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.

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.

Re-capitalisation: Economist wants banks to ensure positive impact

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.

Godwin Emefiele: Central bank will sustain unconventional policies to boost economic growth

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.
Joseph Nnanna

CBN: Governors raised false alarm on recession

The Central Bank of Nigeria (CBN) has dismissed the alarm raised by state governors that the economy might relapse into recession.

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Osun State has recorded two new cases of coronavirus and discharged two other patients.

Jigawa records four more coronavirus deaths, discharges 32 patients

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 Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN,

AGF: Governors withholding legislature, judiciary funds to lose allocations

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.

Delta ASUP chairman dies in auto crash

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 Director-General of the Nigeria Centre for Disease Control, NCDC, Dr. Chikwe Ihekweazu, has reacted to claims making the rounds that COVID-19 and Malaria are similar.

Nigeria’s confirmed coronavirus cases top 8,000

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.
The Commissioner for Education, Mrs Folasade Adefisayo, said in a statement on Saturday, that the programmes would ensure that students were engaged during the period of school closure.

Lagos, federal governments working out guidelines for re-opening of schools

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.