resident Muhammadu Buhari has nominated Godwin Emefiele for a second term as governor of the Central Bank of Nigeria (CBN). Emefiele was first appointed in 2014 by former president Goodluck Jonathan and was retained when Buhari came to office in Read more
The Senate has invited the Minister of Finance, Mrs. Kemi Adeosun; Minister of Defence, Brig.-Gen. Mansur Dan-Ali (retd.); and Governor, Central Bank of Nigeria, Dr. Godwin Emefiele, over alleged illegal withdrawal of $462m from the Consolidated Revenue Account. The money Read more
The House of Representatives yesterday summoned the embattled Director General of National Intelligence Agency (NIA), Ayo Oke, to clarify his role in the $43 million (N13 billion) warehoused in an apartment in Ikoyi, Lagos. The summon also extends to the Read more
The Central Bank of Nigeria (CBN) is to boost agriculture in Kwara State with N2billon agriculture loan facility to Poultry syndicate of Shonga Farms Holdings Limited. The CBN Governor, Mr. Godwin Emefiele, who dropped the hint while fielding questions from Read more
The Central Bank of Nigeria, CBN, on Thursday said it had offered $100 million to authorised dealers as its intervention to stabilise the foreign exchange market. Isaac Okorafor, Acting Director of the Corporate Communications Department of CBN. disclosed this in Read more
* Foreign reserves hits over $31billion The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday assured Nigerians that the country would get out of economic recession latest by the end of June this year based on emerging Read more
The Central Bank of Nigeria (CBN) on Sunday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility and affordability for genuine end users. Isaac Okorafor, acting director, Read more
For the first time in seven months, the dollar fell below the psychological N400 barrier, when the greenback traded at N399 to the dollar in Lagos and exchanged at N395 in Abuja, lower than N410 at which it traded on Read more