In keeping with his promise earlier this month to unfold a new road map for the CBN and the economy, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will on Monday June 24, 2019 unveil his agenda for the next five years. Director, Corporate Communication CBN, Mr Isaac Okoroafor who gave this […]Read More
BANKS’ access to government securities is to be restricted, Central Bank of Nigeria (CBN) Governor Godwin Emefiele said yesterday. The Monetary Policy Committee (MPC), said the CBN boss, directed the apex bank to initiate policies or regulations that will facilitate the restriction. Emefiele spoke at the end of the MPC meeting in Abuja. He said: […]Read More
The CBN governor, Mr Godwin Emefiele, while inaugurating the committee in Abuja stoutly called on all relevant stakeholders to rise unison to revive the sector that was once the biggest employer of labour in the country. Emefiele said the part of the robust resuscitation blueprint was to revive at least 20 textile companies before the […]Read More
President Muhammadu Buhari has said he is upset with the level of poverty in Nigeria. The president made his feelings known when he hosted Vice-President Yemi Osinbajo, Ministers, Service Chiefs, Heads of Security Agencies and Chief Executives of Federal Government Agencies and Institutions to a breaking of fast at the Presidential Villa, Abuja. He also […]Read More
The statement was in reaction to a purported audio recording of selective conversations among the Governor, Deputy Governor and some senior officials of the bank. The statement said contrary to the narrative that the discussion was about a fraudulent transaction, the beginning of the conversation was omitted to create a different impression to a misunderstanding […]Read More
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been reappointed for a five-year tenure by President Muhammadu Buhari. The news of his reappointment was broken when Senate President Bukola Saraki read a letter from the President yesterday, 26 days ahead of the expiration of Emefiele’s five-year tenure on June 2. In the letter dated […]Read More
The Federal Government and the World Bank Power Sector team yesterday met on the possibility of Nigeria accessing a $1 billion Performance Based Loan (PBL) from multilateral institutions. Finance Minister Mrs. Zainab Ahmed dropped the hint at a joint news conference with Central Bank of Nigeria (CBN) Governor Godwin Emefiele at the end of the […]Read More
Unlike the great French philosopher, I strongly believe that truth must be shown with equal candour to all generations. There should be no dichotomy in placing facts before the public – especially for those privileged to be in the media. It has always been our sacred duty to inform, educate and entertain (also sometimes infuriate) […]Read More
The nation’s foreign reserves rose by $6.418m from $$43.041 billion in December 17, 2018 to $43.047 billion as of January 9, 2019, according to latest data from the Central Bank of Nigeria. Records revealed that the reserves, which had suffered significant decline in the past, had been maintaining a steady rise of recent. The CBN […]Read More
THE Central Bank of Nigeria (CBN) and the Bankers’ Committee have agreed to set up a committee headed by Chief Executive Officers (CEOs) of commercial banks to create a strategy that will stimulate lending in the domestic economy. CBN Governor Godwin Emefiele broke the news yesterday at the end of the 10th Annual Bankers’ Committee […]Read More
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