The country’s external reserves maintained a downward trend as it lost $905.5m in June, figures obtained from the Central Bank of Nigeria showed on Thursday. According to the CBN’s data on the movement of reserves, the reserves fell to $33.32bn as of the end of June 30 from $34.23bn on May 31. The reserves stood […]Read More
The Central Bank Governor, Mr Godwin Emefiele, has said the bank will oppose all attempts to continue importation of maize into the country. In a statement titled ‘Emefiele woos youths to embrace agriculture’, the CBN boss said, “The CBN would resist attempts by those who seek to continually import maize into the country.” Emefiele spoke […]Read More
Controversy over claims by Edo State Governor, Godwin Obaseki, that the Federal Government printed N60 billion to augment March allocation from the federation account, took a different dimension yesterday, as the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed that governors actually wanted to borrow money from the Central Bank of Nigeria, […]Read More
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
© 2020, LTV. All rights reserved