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CBN governor: It’s inappropriate to give colouration to currency printing

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday weighed in on the raging controversy over whether or not the apex bank printed money to augment funds from the Federation Account Allocation Committee (FAAC) distributed to states and the Federal Capital Territory (FCT) in March.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Monetary policy, corporate results spur equity performance

The stock market swung back into positive territory yesterday following the retention of the Monetary Policy Rate, MPR, at 11.5 per cent by the Central Bank of Nigeria, CBN, in its second Monetary Policy Committee, MPC, meeting of the year.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: We’ve disbursed N1.5 trillion to Nigerian farmers

The CBN Governor, Godwin Emefiele, made this known while presenting the communiqué on the Monetary Policy Committee (MPC) meeting held on Monday and Tuesday in Abuja.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Banking industry report shows mixed development

The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN justifies plan to sell assets to fund 2021 budget

The Central Bank of Nigeria (CBN) has thrown its weight behind the federal government’s decision to sell its least valued assets and use funds from the sale to execute infrastructural projects in the 2021 budget.

NSE: Zenith Bank tops value-traded stocks as investors gain N1.1 trillion YTD

Activity chart of the Nigerian Stock Exchange (NSE) for the last trading session of the month, Friday January 29, showed Zenith Bank atop Most-Traded stocks with a total value of N1.2 trillion and transaction volume of 44,956,083 shares.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Nigeria’s foreign reserves gains $1.3 billion on crude sales

The Central Bank of Nigeria says Nigeria’s Foreign Exchange Reserves rose from $34.94 billion in November 2020 to $36.23 billion as at January 21.

CBN governor: Improved diaspora remittances will boost economy

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, said the ongoing reforms to increase diaspora remittances into the country will support the economy and help reduce the impact of the COVID-19 pandemic.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN: Another coronavirus lockdown’ll wound economy

The Central Bank of Nigeria, CBN, yesterday warned the Federal Government (FG) against imposing another total lockdown of the country, saying such a move would be catastrophic to Nigerians and the economy.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

Central bank advises against total lockdown as coronavirus infections soar

The apex bank also retained the Monetary Policy Rate (MPR) at 11.5 per cent, the Cash Reserve Ratio (CRR) at 27.5 per cent, the Liquidity Ratio (LR) at 30 per cent and the asymmetric corridor of +100/-700 basis points around the MPR.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

MPC: Expert urges central bank to curb inflation rates

As Central Bank of Nigeria (CBN) opens its Monetary Policy Committee (MPC) meeting on Monday, a financial expert, Mr Okechukwu Unegbu, has advised the committee to address rising inflationary rates.
Nigeria Naira

CBN: Naira to fall further in January

Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021.
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN: Domestic credit grew by N290 billion in weeks

The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.
The recent declaration by the court that N50 stamp duty on teller deposits or electronic transfer of funds is illegal is in order, frontline Lagos Lawyer, Fred Nzeako, has said.

Analysts divided over drop in banks’ non-performing loans

Financial analysts are speaking in discordant tones over the 3.5 percent decline in Nigerian banks’ non-performing loans (NPLs) as of the third quarter of 2020 as shown by latest figures from the National Bureau of Statistics (NBS).
Nigeria Naira

NBS: Nigerian banks’ non-performing loans drop to N1.17 trillion

Nigerian banks’ non-performing loans as of the third quarter of 2020 dropped to N1.17 trillion, latest figures from the National Bureau of Statistics have shown.
FIFA President Gianni Infantino after his speech during the UEFA Congress REUTERS-Yves Herman-File Photo

Indications that FIFA boss guilty of unfair management – Swiss prosecutor

A Swiss prosecutor said on Thursday that there were “indications” Fifa president Gianni Infantino was guilty of “unfair management” for using a private jet, funded by the body, to fly between Suriname and Switzerland in 2017.

Report: Companies diverting export proceeds

A report by AZA Finance, an Africa-focused provider of currency trading solutions has attributed the pressure facing the naira on the parallel market to diversion of export proceeds away from the approved channels by a lot companies in the country.
India’s first major elections during the coronavirus pandemic began on Wednesday in the eastern state of Bihar, with social distancing and temperature checks outside election booths.

India holds major regional elections amid pandemic challenges

India’s first major elections during the coronavirus pandemic began on Wednesday in the eastern state of Bihar, with social distancing and temperature checks outside election booths.
World football ruling body FIFA on Monday filed claims in a court in Switzerland seeking to recover two million Swiss francs (about £1.56 million) from former French football star Michel Platini.

Michel Platini, Sepp Blatter to be interrogated by Swiss prosecutor

Michel Platini and Sepp Blatter each face interrogation from the Swiss public prosecutor this week as part of the proceedings opened in 2015 over a 2011 payment of 2 million Swiss francs.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Former central bank chief commends MPC on MPR retention

Dr Titus Okunrounmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) for retaining the Monetary Policy Rate (MPR) at 12.5 per cent.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank retains benchmark interest rate at 12.5% percent

The Central Bank of Nigeria on Monday retained the country’s benchmark interest rate or Monetary Policy Rate at 12.5 per cent.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

MPC slashes interest rate to 12.5 percent

The Monetary Policy Committee (MPC) of Central Bank of Nigeria has reduced Monetary Policy Rate (MPR), to 12.5 per cent.

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FILE PHOTO - A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS-Yuriko Nakao-File Photo

World Bank: Nigeria responsible for over 40 percent diaspora remittances in Sub Saharan Africa

In a statement on Wednesday, the Washington-based financial institution said remittances to SSA declined by an estimated 12.5 percent in 2020 to $42 billion. The decline was almost entirely due to a 27.7 percent decline in remittance flows to Nigeria,

Femi Falana: Southern governors should legalise open grazing ban to prosecute offenders

Human rights lawyer, Femi Falana (SAN), has urged southern governors in the country to back their ban on open grazing with a legal instrument to enable the prosecution of offenders.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

Edo governor: Nigeria’s unity must be on social justice, equity

The Governor of Edo State, Godwin Obaseki, has called for unity in Nigeria in order for the country to overcome its many challenges.
Demonstrators gather outside the army headquarters in Khartoum on Tuesday [Ashraf Shazly-AFP]

Two people killed in Sudan rally over 2019 protest killings

At least two people have been killed and dozens wounded as Sudanese security forces cracked down on a rally that demanded justice for protesters killed during anti-government demonstrations two years ago, according to the army.
The police command in Ekiti on Friday confirmed the killing of a police officer as gunmen allegedly abducted a Chinese expatriate in Ado Ekiti, the Ekiti State capital.

Gunmen abduct graduate, one other in Ondo community

Gunmen suspected to be kidnappers have created tension in Ikaram Akoko, in Akoko North West council area of Ondo State, following the abduction of two residents of the community including a graduate, identified as Gbodi.

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Nigeria midfielder Kelechi Nwakali has joined Spanish Segunda club CD Alcorcon on loan for the rest of the campaign.

Kelechi Nwakali denies plan to dump Nigeria

“Dear fellow Nigerians, contrary to reports circulating in the media, I remain committed to serving my country. It is always an honour to wear the green and white of Nigeria and it is my dream to continue to do so,” he wrote on Instagram.
Ogun Governor, Prince Dapo Abiodun, has set up a committee that will develop guidelines for a safe reopening of schools for students at the final year or transition classes in the State.

Ogun to benefit from federal government’s agric pilot programmes

This development was disclosed by the executive secretary, National Agricultural Land Development Authority (NALDA), Paul Ikonne, when he led the management of the Authority to the office of the state governor in Abeokuta on Wednesday.
The highly infectious variant of the novel coronavirus that is predominant in the United Kingdom may be up to 70 percent more deadly than previous strains, according to a report by the government’s scientific advisers.

Nigeria records no coronavirus death for third consecutive day

The Nigeria Centre for Disease Control (NCDC) confirmed 30 new cases in its update for May 8, 2021.

General Abdulsalami denies link with bandits

Former Head of State, Retired Gen. Abdulsalami Abubakar, on Monday in Minna denied having any link with bandits or terrorist groups in Niger State.
At least 31 Nigerian soldiers were killed when IS-aligned jihadists ambushed a military convoy escorting weapons and overran a base in northeast Nigeria's Borno state, military sources told AFP Monday.

Igbo group: Shoot-on-sight order will worsen insecurity in South-East

A think-tank of Igbo intellectuals and professionals, Nzuko Umunna, on Tuesday, wrote an open letter to the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru, over the alleged shoot-on-sight order against Igbo youths to the soldiers in the South-East and South-South.