Breaking: Ex-CBN deputy gov, Mailafia is dead

September 19, 2021 Bode Olagoke 0

Former deputy governor of the Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia is dead. Blueprint gathered that the 64-year-old politician and statesman died at the National Hospital Abuja this Sunday morning. Details later…

CBN moves to stop slide as Naira continues free fall

September 16, 2021 Segun Odunewu 0

The Nigerian currency continues its free fall against the US dollar on the black market, as it exchanged at N565 per $1 on Thursday. Thursday’s rate indicates Naira dropped N3 at the black market when compared to the N562/$1 it traded on Wednesday. At the same market, the Nigerian currency depreciated against the Euro by N3 to close at N648/€1 Read More

Arewa Youth Assembly sacks speaker, splits over smear campaign against Emefiele

September 16, 2021 Bode Olagoke 0

Arewa Youth Assembly on Thursday splits over smear campaign against the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. The Assembly has also sacked its Speaker, Mohammed Salihu Danlami, over attack on President Muhammadu Buhari’s economic agenda and tenure extension. Recall that the Speaker of the group, Danlami, in a statement had insisted that Emefiele has option of voluntary Read More

APC group lauds Buhari’s strategic responses to Covid-19 pandemic

September 15, 2021 Bode Olagoke 0

A group of the ruling All Progressives Congress (APC) on the aiges of APC Legacy Awareness and Campaign (APC-LAC) has commended the firm responses of President Muhammadu Buhari-led administratiom to the Covid-19 pandemic. The group, which is a voluntary think-tank group of the governing party, particularly lauded President Buhari’s setting up of an Economic Sustainability Committee chaired by the Vice Read More

CBN confident economy will grow by up to 3% this year

September 15, 2021 Blessing Anaro 0

Nigeria estimates its economy will grow between 2.5 per cent and three per cent this year, Central Bank Governor Godwin Emefiele said yesterday, after an easing of lockdown measures and increased vaccinations boosted business, including international and local travel. Africa’s largest economy had contracted in 2020 due to the coronavirus pandemic, though in the fourth quarter it managed to exit Read More

BDCs offer to help CBN as naira edges towards N600/$ mark

September 14, 2021 Segun Odunewu 0

The Association of Bureau De Change Operators of Nigeria (ABCON) has offered to assist the Central Bank of Nigeria (CBN) in stopping the naira’s depreciation. The Naira began the week at N545 per dollar at the black market, 3.1 percent depreciation from last week’s opening rate. The naira had opened last week at N528 but by the end of the Read More

1,630 jailed for Drug crimes in 8 months – Marwa

September 3, 2021 Abdullahi M. Gulloma 0

The National Drugs Law Enforcement Agency (NDLEA) has said 1,630 people have been jailed for various drug offences across the country since January this year. NDLEA Chairman, Brig. Gen. Buba Marwa (retd.) disclosed this while fielding questions from State House correspondents after a meeting with President Muhammadu Buhari at the Presidential Villa, Friday in Abuja. “As far as activities in Read More

Safety Travels launches application platform for interactive personalised services

September 3, 2021 Editor 0

Safety Travels Ltd has launched a website and mobile app platform for interactive personalised services. The online App integrated with various providers including Amadeues & Thomalex supplies access to over 600 airlines across the globe. The Safety Travels website; is secured with https certificate built with latest modern technologies and hosted on Amazon Servers aimed at giving customers the Read More

CBN pegs loan limit for rural microfinance banks at N500,000

August 23, 2021 Segun Odunewu 0

The Central Bank of Nigeria (CBN) has instructed microfinance banks operating in the rural areas not to exceed its credit facility to customers beyond N500,000. This was stated in a circular to all microfinance banks, titled “Cessation of Non-permissible Activities by Microfinance Bank dated August 19, 2011 and signed by Ibrahim Tukur, for the financial polier and regulations department of Read More

Corruption, insecurity differentiate APC from PDP, PGF boss replies Jega

August 23, 2021 Bode Olagoke 0

Director General of the Progressive Governors Forum (PGF) and a chieftain of the All Progressives Congress (APC) Salihu Moh Lukman, has faulted the former chairman of the Independent National Electoral Commission (INEC) Attairu Jega, for saying the ruling party and the opposition Peoples Democratic Party (PDP) are the same. Jega had in a recent interviews claimed that both the PDP Read More

Exchange rates stable as CBN increases forex allocation to banks

August 11, 2021 Segun Odunewu 0

The Naira to US Dollar exchange rate remained unchanged in both the parallel market and the Investors and Exporters (I&E) segments of the foreign currency (FX) market. This comes as the Central Bank of Nigeria (CBN) has raised dollar sales to banks by more than 200 percent, as promised on July 27, 2021. Following its decision to discontinue foreign exchange Read More

Credit schemes: Stakeholders beg CBN, BOI to make women farmers beneficiaries

August 3, 2021 Adeola Tukuru 0

Stakeholders and non-state actors in the Agricultural sector has called on Central Bank of Nigeria (CBN), BOA, BOI, credit administrator and the relevant MDAs, should invest and make budgetary provisions for wider indigenous public awareness on credit schemes, and training on accessing credits by smallholder women farmers. The stakeholders lamented that there are poor level of awareness about the credit Read More

Breaking: PDP, Soludo removed as INEC releases list of candidates for Anambra guber poll

July 16, 2021 Editor 0

Candidate of Peoples Democratic Party (PDP) has been removed from the list of those cleared by the Independent National Electoral Commission (INEC) for November 6 governorship election in Anambra state. Also, a candidate of All Progressives Grand Alliance (APGA) and former governor of Central Bank of Nigeria (CBN) Charles Soludo is also missing. Incidentally, the Commission cleared the candidate of Read More

Breaking – Anambra 2021: Soludo emerges APGA guber candidate, another faction suspends ex-CBN gov

June 23, 2021 Okechukwu Onuegbu, Awka 0

The All Progressive Grand Alliance (APGA), loyal to governor Willie Obiano, Wednesday, elected Prof. Chukwuma Charles Soludo as its gubernatorial candidate for Anambra state 2021 poll. Soludo, a former Central Bank of Nigeria (CBN) governor, pooled 740 votes to defeat three other aspirants of the party in a faction primary held at Prof. Dora Akunyili Women Development Centre, Awka. Other Read More

Asset Declaration: CBN extends deadline to Bank CEOs, top executives

June 21, 2021 Segun Odunewu 0

The Economic and Financial Crimes Commission has extended the deadline giving to Bank CEOs, and top executives to submit their asset declaration form to June ending from the earlier June 14 deadline that has passed. The EFCC Chairman, Abdulrasheed Bawa, had initially in March given top bankers, among others, till June 1, 2021, to declare their assets in line with Read More

Entrepreneurship: NACHCARD calls for creation of centres nationwide

June 16, 2021 Bode Olagoke 0

The National Committee of the Heads of Colleges of Agriculture and Related Disciplines (NACHCARD) has called for establishment of entrepreneurship centres and support from the Ministry of Agriculture in collaboration with international donor agencies be extended to State Colleges of Agriculture across the country. NACHCARD in a communique issued  Wednesday in Abuja at the end of its 59th regular meeting Read More

Jigawa gov, CBN, AMCON, Ibeto, others for NACCIMA @60 excellence awards

May 8, 2021 Editorial III 0

Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has concluded plans to commemorate its 60th anniversary and that of Nigeria by electing to honour deserving Nigerians and institutions. According to the President of NACCIMA, Hajiya Saratu Iya Aliyu, this event is being held at a time the country is facing various challenges. The organisers said, “We hope Read More

FG tasks FRC to develop sound accounting, financial report standards

May 6, 2021 Blueprint 0

The federal government through the Minister of Industry, Trade and Investment, Adeniyi Adebayo has tasked the newly appointed Executive Secretary of the Financial Reporting Council of Nigeria (FRC), Alhaji Shuaibu Adamu Ahmed on the need to develop a sound accounting and financial reporting standards in accordance with the Act establishing the council. The minister who inaugurated the new executive secretary Read More

Breaking: CBN reverses removal of First Bank MD, sacks directors

April 29, 2021 Editor 0

The Central Bank of Nigeria (CBN) has reinstated Adesola Adeduntan as the Managing Director and Chief Executive Officer (MD/CEO) of the bank. The country’s apex bank also sacked all the board members of the bank. First bank had queried the Board of the bank for removing Adeduntan as the MD/CEO and appointed Gbenga Shobo as MD/CEO designate without regulatory approval. Read More

Breaking: Kidnapped Anambra Commissioner regains freedom

April 4, 2021 Editor 0

Commissioner of Public Utilities in Anambra state Engr. Emeka Ezenwanne kidnapped by gunmen has regained his freedom. He was released on Sunday morning, according to a government source who confirmed the latest development to Blueprint . Ezenwanne was abducted at Charles Soludo, former Central Bank of Nigeria (CBN) governor’s home town in Isuofia, Aguata local government area of Anambra state, Read More

Allegations of missing N2.5bn false-MPB

March 17, 2021 Benjamin Samson 0

The Military Pensions Board (MPB) has described as “false” reports on some online and social media alleging that the sum of N2.5 billion belonging to the board has been looted. Public Relations Officer of MPB, Flight Lieutenant Olayinka Lawal who stated this in a statement Wednesday, asked Nigerians to disregard the report in totality. The statement assured retirees and Next Read More

CBN’s Naira 4 Dollar fails to incentivise forex market

March 16, 2021 Segun Odunewu 0

The Naira for Dollar Scheme recently introduced by the Central Bank of Nigeria has failed to incentivize the foreign exchange (forex) market as Naira weakened further against the Dollar at the parallel market. At the parallel market, the naira depreciated by 1.04 per cent to N485 per dollar, on the same trend with the Bureau De Change (BDC) segment, where Read More