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Monetary Policy

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.

China’s central bank says no intent to tighten or relax monetary policy

China’s central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday.
The World Bank said on Tuesday that dry weather across much of Kenya was likely to curb the country’s economic growth this year, as it cut its forecast to 5.7 per cent growth.

World Bank: Drought may hinder Kenya’s economic growth

The World Bank said on Tuesday that dry weather across much of Kenya was likely to curb the country’s economic growth this year, as it cut its forecast to 5.7 per cent growth.

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The Federal Ministry of Health through the Nigeria Centre for Disease Control (NCDC) has formally announced the inclusion of three new laboratories into the national yellow fever-measles-rubella laboratory network 7

Yellow fever: Institute, NCDC train laboratory scientists

The Institute of Human Virology Nigeria (IHVN), has organised a special training toward strengthening the country’s capacity to prevent and respond to diseases outbreak.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Malabu scam: AGF Bello Adoke, others plead not guilty

The former Attorney-General of the Federation (AGF), Mohammed Adoke, and six other co-defendants charged with 42 counts in connection with the controversial 1.09 billion dollars settlement agreement on Malabu Oil Block, on Thursday pleaded not guilty.

NUJ chief calls for constitutional roles for traditional rulers

Chief Chris Isiguzo, the National President, Nigeria Union of Journalists (NUJ), on Thursday advocated for constitutional roles for traditional rulers in the country.
The inauguration of the much-talked about South West security outfit, Operation Amotekun, is about to begin at the Oyo State Governor’s Office, State Secretariat in Agodi, Ibadan.

AGF: Operation Amotekun remains an illegal entity

For the second time in about a week, the Federal Government has declared the Southwest Security outfit, Operation Amotekun, as an illegal entity not known to the constitution of Nigeria and which can never be allowed to stand.
Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.

Yung6ix calls out MI over nonsupport

Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.