Youths from Middle Belt under the aegis of Middle Belt Youths Forum (MBYF) have faulted the call by the Academic Staff Union of Universities (ASUU) demanding the sack of the Governor of the Central Bank of Nigeria (CBN), Dr Godwin Emefiele. The Forum, in a statement by its leader, Godwin Meliga, wondered how a union that has turned the nation’s Read More
Contrary to the trending story in some online media, a very reliable source from the Central Bank media desk has stated that Mr. Godwin Emefiele, the CBN governor is still very much on his desk without any threat of being sacked. On Wednesday, rumour had it that Emefiele who is currently attending the World Economic Summit in Switzerland had been Read More
The Central Bank of Nigeria has attributed the drop in Nigeria’s external reserves to the high cost of imported refined petroleum products, and not necessarily linked to the ongoing involvement in the FX market to preserve the stability of the local currency. In the Monetary Policy Meeting communiqué, which was posted on the CBN’s website, the apex bank said, “Gross Read More
Nigeria’s central bank on Tuesday raised the benchmark interest rate by 150 basis points to 13 per cent, its first hike in more than two years, to combat rising inflation, sending markets tumbling. The move surprised analysts and traders who expected the Monetary Policy Committee (MPC) to keep the rate on hold. But Governor Godwin Emefiele told a news briefing Read More
“One of the tests of leadership is the ability to recognize a problem before it becomes an emergency”. –Arnold Glasow. An old report by a national daily that Nigeria’s national grid had once collapsed 15 times in one month was as appalling as it is always scary. The nation’s electricity supply has been going from bad to worse and has Read More
Tennis star Nonso Madueke at the weekend became the winner of 2022 edition of the Central Bank of Nigeria (CBN) senior open tennis championship held inside the tennis court, package B of Moshood Abiola National stadium Abuja, Blueprint reports. Madueke who was seeded fourth for the 44th edition of the competition won the men’s singles after rival Henry Atseye retired Read More
Tennis star Nonso Madueke on Saturday became the winner of 2022 edition of the Central Bank of Nigeria (CBN) senior open tennis championship held inside the tennis court, package B of Moshood Abiola National stadium Abuja. Madueke who was seeded second for the 44th edition of the competition won the men singles after rival Henry Atseye retired due to injury Read More
With the Naira depreciating against US dollar to close at N419/$ at the official market and N595/$ at the parallel market, the Association of Bureaux De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) to stabilize the market. Speaking at the meeting, Aminu Gwadabe, ABCON president, Read More
In Chinua Achebe’s famous 1958 novel, Things Fall Apart, Okonkwo’s father Unoka is described as a tall, thin man with a slight stoop who appeared haggard and mournful except when he was drinking or playing his flute. His favourite time of year was after the harvest when he joined with village musicians to make music and feast. As an excellent Read More
The Federal High Court Abuja has directed the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF) to appear on May 12 and show cause why a motion exparte filed by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, should not be granted. The motion, which was filed by Chief Mike Ozekhome SAN on Monday urged the court to Read More
A member of House House Representatives, representing Kabba-Bunu/Ijumu Federal Constituency, Hon. Teejay Yusuf, has called on President Muhammadu Buhari to sack the Central Bank Governor, Godwin Emefiele, for flouting extant rules and exposes Nigeria’s economy to further risks while his proxies continue to canvass his 2023 presidential candidature. A group of rice farmers had purchased presidential nomination forms of the Read More
Hours after Nigerians poured out reactions on the purchase of his All Progressives Congress (APC) presidential forms ahead of 2023 general elections, Central Bank of Nigeria (CBN) Governor Godwin Emefiele has outrightly rejected the offers made by farmers in the country. Categorically, the CBN Boss said he has not taken a stance on 2023 Presidency. Emefiele who spoke via his Read More
Ahead of the 2023 presidential election, the Arewa Consultative Youth Movement (ACYM) has said that they are convinced that the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele holds the key to expansion and consolidation of the nation’s economy. Celebrating and jubilating over the decision of three different groups to purchase the Expression of Interest and Nomination Form of Read More
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, former Governor of Ogun State, Senator Ibikunle Amosun, the Senator representing Ondo-North senatorial district, Prof. Ajayi Boroffice and the Minister of Science, Technology and Innovation, Dr. Ogbonnaya Onu, have obtained N100 million Expression of Interest and Nomination forms of the All Progressives Congress (APC). Emefiele is yet to resign his appointment. Read More
The Central Bank of Nigeria (CBN) has directed banks to implement enhanced measures on existing accounts and transactions related to the Benin Republic. The apex bank said this in a circular dated April 11 and signed by Asuquo Evelyn, director of the banking supervision department. It said the directive was based on intelligence reports from competent sources that the Benin Read More
A renowned finance expert and Director of Statistics of the Central Bank of Nigeria (CBN), Dr. Mohammed Musa Tumala, Sunday collected his Nomination Form at the All Progressive Congress (APC) Secretariat in Abuja to formally express his interest in the 2023 Senatorial elections in Borno State. Tumala, in a chat with journalists shortly after collecting his nomination form, said that Read More
Airtel Nigeria has been granted a full super-agent license from the Central Bank of Nigeria (CBN). This is coming six months after Airtel announced it had secured the license in principle. The latest development made public in a press release titled “NIGERIA SUPER AGENT FULL LICENSE APPROVAL” signed by Simon O’Hara, the Company Secretary means Airtel has a full super-agent Read More
With over 206 trillion standard cubic feet of natural gas and intervention fund of N250 billion, oil and gas stakeholders in the country have called for a halt to importation of cooking gas otherwise called Liquefied Petroleum Gas (LPG). Amidst soaring price and disruption to gas market globally following the Russia and Ukraine war, Nigeria currently importover 55 per cent Read More
The World Bank has warned that import restrictions and the Central Bank of Nigeria’s foreign exchange policies are the main drivers of food inflation in Nigeria. This was revealed in the World Bank’s new biannual study, Africa’s Pulse. The Nigerian central bank has implemented regulations such as prohibiting some commodities from accessing forex at the official rate through the Investors Read More
The national leadership of the opposition of the African Democratic Congress (ADC) has condemned calls in some quarters on the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele to join the presidential race while still in office, saying such calls already “negatively impacting the local money markets and erasing foreign investors confidence in Nigeria.” The ADC asked Emefiele Read More
A branch of Nigeria’s Apex bank, Central Bank of Nigeria (CBN) in Markurdi, the capital of Benue state was on Thursday morning gutted by fire. Details of the incident remain sketchy as at the time of filing this report but men of the Benue state fire service have arrived at the scene to pi6t out the fire.
For nearly eight years running, the governor, Central Bank of Nigeria (CBN) has held saddle at the apex bank. ENE OSHABA in this report examines the man’s exploits and future mandates. Tuesday, June 3 2014 would go down in the history of Nigeria.On this day, while Nigerians were going about their business, a decision was made that continues to have Read More
The Coalition of National Civil Society Organisations for Transparency in Governance, has refuted claims by one Willy Ezegwu, calling for protest against the Governor of Central Bank of Nigeria (CBN) Godwin Emefiele on ‘malicious grounds.’ The group asked security agencies to immediately arrest the said Willy Ezegwu and Ali Abacha to stop public disturbance. The coalition of CSOs also described Read More
The Central Bank of Nigeria (CBN) has released N3.5 billion rebate for exporters under its RT200FX programme as part of measure to boost foreign exchange inflows into the country. The Managing Director, Fidelity Bank, Nneka Onyeali-Ikape who disclosed this virtually during the press briefing after the 361st Bankers Committee meeting said the RT200 forex programme rolled out in February is Read More
A group under the aegis of Unified Northern Youth Forum has appealed to the Central Bank of Nigeria’s governor, Dr. Godwin Emefiele, to heed to the numerous calls by Nigerians to contest the 2023 presidential election on the platform of All Progressive Congress (APC). The group also said his refusal to contest the election would result in voter’s apathy, especially Read More
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